To The Moon

Did you hear about the bull run last week Wednesday? Or the drop last Fri when the Republicans walked out of the Default talks in the U.S.? Did you see the gradual climb in the S&P500 to almost 4200 points recently? Wait, what about "Sell and Stay Away in May"? The volatility of the stock market shivers much with human sentiment. You may have caught one or two bull runs but not the other and have made a bit of a profit. But really, how can we be certain and sure? For me, I have written a lot of my mistakes in selling too quick and worrying too much when the market falls, leading me to sell immediately. But the truth I've learnt is prices rise and fall. It's important to stay vested in the market for the long run and just go with the flow as the market rises (and falls). This means being able to allocate funds for savings to tide through while your money is tied up. Recently, I've tried to apply this to EV stocks. The reason is because I've noticed many countries trying to go green and more importantly, implementing plans to do away with Internal Combustion Engine (ICE) vehicles. Singapore for one, is not only trying to ramp up the infrastructure of EV charging stations, but will also do away with ICE vehicles by 2040, starting with our public buses. Singapore is not the only country with such an initiative but others as well. EV companies, as well as companies which produce EV batteries and charging stations will stand to benefit from these global initiatives. Thus, I think it is wise to invest in EV products in the long run. My plan is to start buying in small batches, diversifying in various companies. Will I hit a snag, where prices tank? Definitely. Will there be noises (think $Tesla Motors(TSLA)$ , with it's constant ups and downs, versus, say Bye)? Yes there will be. But I think if I stay the course, these EV companies will stand to gain in the larger picture. I think the average price for each company will continue to rise as these initiatives come to bear fruit. More importantly, I know that the prices will rise in the long run, keeping me immune from temporary drops. Fundamentally, it is important to choose good companies but in the case of start-ups, like Faraday Future, my opinion is that it's ok to allocate small amount of funds for investment. What do you think? @TigerStars