 What's up money gigs Mr. V here welcome to the video guys so in today's video I'm gonna talk about two things I'm gonna talk about Tesla and why I spent a ton of money on Tesla this past week and also I'm gonna talk about Investing and day trading and why I do both so before we get started guys If you're new to the channel we talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and your notification bell So you don't miss out on new content. So this past week was a kind of a crazy week We started the week Monday September 22nd we know battery day and Elon Musk like you know telling us about the company where new products the Direction, you know giga factories in Berlin and all the good stuff which was good To me like one of the key things that stood out for battery day was the fact that they Announced it in three years. They might have a Tesla. That's that's gonna cost us about $25,000 That means any average person could be driving a Tesla man Can you imagine it's gonna be so much demand for that car? from people but All that good news did nothing for the stock the stock took a beating like Man, it took a punch. It just couldn't withstand it. We're talking about down to as low as 350 dollars a share And here's the thing a lot of people were panicking and worried like selling this all to sell off And I'm sick if you were a short seller and you're doing that that's good for you You're making profit, but if you are not a short seller and the stock is going out You're selling it's like what is wrong with you? I get it But I for once I was excited when I saw it going down because From a long-term perspective. I'm like, yeah, go down so I can buy more so and so here's the thing The stock went down and I put in $30,000 again in Tesla already have some a position in Tesla I just added to my position and so if you're one of those people that is buying Tesla just for the hype of it Because you hear people's like all the stock went up to twenty five hundred dollars That's before the split you get excited things like oh now I just want to buy them and make quick money and then you're buying Tesla for the wrong reasons I personally I'm buying Tesla because I I love the company. I love the vision that Elon Musk has for the company I love the growth. I love their diversification of their their products Which to me that is why I'm buying it because the return on the investment with Tesla is not going to happen Three four five months from now. I'm looking for five years from now when Tesla with it's going to be like Amazon You know doing all these different things with cars and solar panels and batteries and like all these Fantastic products that they're working on so to me. That's why I Putting that putting in that kind of money into Tesla and again if the stock keeps going down and I have money I'm gonna keep pumping money into Tesla and buying it. So I'm super excited About that because right now if you bought Tesla at 350 it's trading at I think 407 dollars already So if you went in at 350 you'll be sitting at $50 a pop already per share, which is crazy Again, most people panic when the stock is going down people don't want to buy and then once the stock comes and start going back up Everybody wants to like all get excited and they stop buying All you're doing is driving the price for some of us that bought the bottom, which is awesome So I'm not I'm not complaining about it So the reason I'm actually like kind of telling you guys about this is because I've gotten the question where people are asking me If because I do the trading Does that mean that I don't buy stocks and hold them long term now? I do buy stocks and hold them long term as a matter of fact I have a dividend portfolio as well as a growth portfolio So I have stocks that are dividend paying stocks long term and I have stocks that are growth stocks long term For instance Tesla as a growth stock in my portfolio because I like it I know that there's an opportunity there for me for for the stock to grow and I know the returns are gonna be Significant or I have that on the flip side. I have companies that do pay good dividends So you're talking companies like Walmart, you know, I'm talking visa. Those are companies that pay good dividends So I do have those companies and I have them I do buy and and hold for long term So here's how I do it on the day trading side when I make a profit I can use some of that profit and buy long term stocks and just keep piling them so that I can enjoy that growth I even do buy some Etx and also index funds just so I have their diversification in my portfolio So there is a key difference if you're day trading again You don't have any affiliation with the stock like you don't want to hold it long term You just want to flip it make some money and then go find the long-term stocks that you love and then put that money there And let it grow in over the years and if it's a dividend paying start good If it's just a growth stock you put it there and then watch it grow So that is what I wanted to show with you guys again This past week was a crazy week in the market No, again, like I said, I put in $30,000 in Tesla and I'm right now. I'm not worried about it. I know for sure. This is a four or five Six years down the road return it. I'm gonna see on my investment. So I'm gonna hold it I'm gonna hang on to it. I'm gonna keep adding to my position as much as I can So question of the day guys, let me know did you buy some Tesla? Do you think that Tesla has that potential to know make the changes that we expect as far as EV and all the other stuff? Let me know in the comment section if you're new to the channel game We'll talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and smash that like button and your notification bell So you don't miss out on your content if you're looking to get started with investing We both again is doing a promotion where you get two free stocks not one value somewhere between $8 and $1,600 So definitely click the links in the description and go check them out sign up deposit $100 You get two free stocks and as always guys Stay motivated