facebookLooking to invest some money for my 10 year old? Buy 5 shares in Tesla and the rest in Mutual Funds? Any thoughts? - Seedly
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Anonymous

13 Dec 2020

Looking to invest some money for my 10 year old? Buy 5 shares in Tesla and the rest in Mutual Funds? Any thoughts?

Though I'm not sure if Telsa will still be here the next 80 years?

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    What are your thoughts?

    No mutual funds pls, unless it's low cost ones by endowus

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      Jonathan Chia Guangrong

      Jonathan Chia Guangrong

      02 Dec 2020

      Level 12ยทFund Manager at JCG Fund

      I'd advise against the use of mutual funds. The fees over the long term will eat into the profits greatly (or compound losses).

      Consider the use of something like an S&P500 ETF instead or a growth related ETF like one of the ARK funds.

      For TSLA, I'd rather trade options on it for the short term. Made some decent profits in the last couple of months off my positions.

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        Hi there,

        We never know if Tesla will be around for the next 80 years. Either ways, you will have t...

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