Investment Diary - July 2023
Based on the settlement of my personal investment portfolio for the first half of the year, my US stock holdings have been the most profitable. This is mainly due to the rebound in the US stock market in the first half of 2023, driven by market expectations of interest rate cuts in the second half of the year and the development potential of the artificial intelligence industry, which has led to a significant increase in the entire technology stock category.
Among my investment portfolio, Tesla has left the strongest impression on me. I initially purchased Tesla stocks at a price of $295 per share, and through multiple trades, I have managed to reduce the average cost per share to $207.935. However, at one point, the stock price had dropped to $101.81, and I did not increase my purchases at that time, which I now somewhat regret. Currently, the Tesla stock price is around $278, and based on the price at that time, I could have bought two shares. I believe there was an opportunity to buy at a price below $100, which I ultimately missed as a good investment opportunity. Nevertheless, I still consider Tesla to be a tech stock with enormous potential. It just needs to weather the period of decreased enthusiasm due to interest rate hikes, as Tesla has the ability to regain its former glory. I believe this opportunity will arise in the second half of this year, especially considering Tesla's recent announcement of producing nearly 480,000 electric vehicles and delivering over 466,000 of them, highlighting Tesla's significant market share in the electric vehicle industry. Tesla has driven the electric vehicle wave, prompting traditional car manufacturers to follow its lead and adopt Tesla's charging standards as a unified certification. Additionally, Tesla possesses a vast autonomous driving database, which is why I have a positive outlook on Tesla. Tesla has previously turned losses into profits, primarily due to my confidence in Tesla's development plans, which is the reason I maintain trust in Tesla. These factors have left a deep impression on me as the Tesla stock price went from a peak to a valley and rebounded.
Another stock I hold, NVIDIA, has also yielded considerable gains. Among the various stocks, it is the second most profitable stock in my personal investment portfolio, following only Tesla. These two stocks are the top performers in terms of profits in my tech stock holdings. For the second half of the year in the US stock market, I anticipate the possibility of interest rate cuts. If the consumer price index continues to decline, there is a potential for significant increases in the stock prices of Tesla and NVIDIA. This is because lower borrowing costs for companies would result in increased revenue and profits, which can boost investor confidence in tech stocks. I expect that the current stock prices still have the potential to double.
The above analysis and viewpoints are solely personal opinions. Investing involves risks, so please carefully evaluate them on your own.
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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Missing out on buying Tesla at $100? Ouch, that's a missed opportunity that stings
Buckle up, because with potential interest rate cuts, Tesla and NVIDIA might just take off like rockets
Tesla's potential is like a superhero waiting for its moment to shine in the second half of the year
NVIDIA is your profitable sidekick, right there with Tesla, bringing in the gains
Wow, Tesla took you on a rollercoaster ride from peak to valley and back again
Wow