Any brokerage and strategy recommendations to invest $500 a month in TSLA?

Hi there!

When it comes to stocks investing (and even ETFs investing as well), I am not an advocate of putting in a fixed amount every month just for the sake of achieving the monthly goal of "I have to invest $XXX this month".

The big picture to stocks investing is this:

1. First, you need to be able to pick good stocks.

2. Secondly, you need to know what is a good entry point (i.e entry price) to buy the stocks.

So instead of putting the money into TSLA every month without any regard for the current price, we have to first ensure it is a good entry point before we buy the stock. You may want to check out this video which talks about DCA and why I don't do DCA myself.

Ultimately, investing is not the same as savings. We can put aside an amount to save every month but that is not the most ideal method for investing. You can still earn money over the long term doing DCA if you are buying a good stock, but the returns may not be maximised.

But regrettably, many people ignore the importance of technical analysis (identifying entry points) when doing stocks investing. Hope this helps!​​​

Wait wat.

I would recommend you DCA into an index ETF like the S&P500 instead lol. DCA into individual stocks can get quite risky, especially when you are going for only one stock. Just look at how volatile TSLA has been over the past few months...

Cheers and best of luck though.

- Jeffrey (jeffreyleezq.com)