To get ready for closing, I used today as an opportunity to close out my position in Tesla Motors (TSLA). I sold my last remaining 94 shares for $166.00/share. This transaction will bring in $15,604.
An investment is an investment, and one of the first things they teach you is to not fall in love with any particular stock! Tesla has had an amazing run this year, and I’ve profited tremendously from its rapid ascent, realizing close to $20,000 in profit (before taxes). Although I am still rooting for the company to succeed, I know that I must remain focused on my ultimate objective — financial freedom.
Buying and selling stocks has become somewhat easier as time marches on. I guess I’ve reached the point where I am desensitized enough where I can buy/sell without getting too emotionally invested. Tesla has been my favorite stock (obviously), and was one in particular I wanted to hold for the long-term.
Oh well. Maybe I’ll have another buying opportunity in the future, especially if the market decides to correct. Until then, I’m perfectly content with closing out my position and locking down Rental Property #4. Closing is scheduled for mid-October, and I’m very much looking forward to receiving another income statement. A growing income stream never gets old!
My investment in Tesla was a side-hustle venture on a hyper-growth story… and I made my money. I’m good. Now let’s re-focus on what really matters.