Sunday, November 24, 2024

One Man’s Journey from All-In to All-Win

Yonhap News

On July 2, Tesla’s second-quarter vehicle delivery performance exceeded market expectations, leading to a surge in the company’s stock price by over 10%. Amidst this, a man from a major corporation caught the public’s attention when he reported that he had invested his entire fortune of $2.3 million in Tesla a week earlier and made a profit.

On June 24, a post titled “Put $2.3 Million All In on Tesla” was uploaded to the anonymous workplace community Blind.

The user who chose to remain anonymous, wrote, “I liquidated all my domestic stocks and cryptocurrency and went all-in on Tesla. I plan to hold it until 2032. An AI bubble will come.”

Alongside this, he revealed his transaction history, showing that he had purchased 12,773 shares of Tesla, which equated to approximately $2.4 million. At that time, his return on investment was -2.49%, with a loss of about $60,000.

Upon seeing this, other users asked, “Do you tell people around you the amount of your seed money?” and “Isn’t that just a part of your seed money?” To which he replied, “I never talk about it. Only my wife knows, and I also told her to keep quiet. Indeed, I went all in with the money I made from domestic stocks.”

Furthermore, he revealed that he started investing with $145,000 and accumulated his current seed money, stating, “I’ll treat it as money I don’t have for the next eight years. If it triples in eight years, I’ll be satisfied. But I think I won’t have much left after paying taxes.”

After news broke on July 2 that Tesla’s stock price had risen by 10.20% to close at $231.26 compared to the previous trading day, the post was flooded with reactions of envy.

That day, the user disclosed his workplace and verified his overseas stock balance to dispel doubts about manipulation.

Currently, he holds 13,250 shares of Tesla, worth approximately $2.5 million, with a return on investment of 18.03% and a profit of about $450,000.

Blind

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