Fiverr Is My Newest Pick

[Singuy]

Hey guys. I noticed some people checking up on me making sure I didn't hand myself..lol.

Anyways, no, have not sold a thing. Currently my portfolio is around 2.3M (taxable)from the same 640k investment. Retirement is around 750k. I didnt do any buying on the way up for amd or Tesla so my cost basis are still low. I am down about 40k on fvrr I think. I didnt buy much of fvrr on the way up either.

Wife and I are still working during the run up so nothing has changed. Didnt buy lambo, mansions, and blow. Still saving roughly quarter of a mil per year as its our goal.

As for Tesla, pain is real but I am not worried at all because the company fundamentals just strengthend the last 2 years. Way better than the cluster F it was when I made my big buy in 2019. Holding for awhile as i have no use for all this money. Its mainly for our kids as our revenue coming in can fully satisfy our lifestyle. Sorry I didn't post much as most of my time was consumed by moderating FB Tesla investment group and very active on the Tesla investor forum.

Wife semi retired, working 1.5 days a week. Her net income is still the same at around 250k. I am semi retired too working 24-32hrs.

[disneysteve]

Thanks for checking in, Singuy . Good to hear from you. That's great that you are both semi-retired. Enjoy it. I now work 8 hrs/wk myself since August and I'm loving it. Best thing ever.

[james.hendrickson]

Singuy, I thought maybe you'd died or had a health condition or something man...everyone misses you here.

[Singuy]

Singuy, I thought maybe you'd died or had a health condition or something man...everyone misses you here.

Actually, you are that far off. I walled off an episode of afib 4 years ago thought it was an anxiety attack. Well that came back and now I'm being treated.

[Like2Plan]

It's good to hear from you. Congrats on the semi-retirement.

[james.hendrickson]

Actually, you are that far off. I walled off an episode of afib 4 years ago thought it was an anxiety attack. Well that came back and now I'm being treated.

Oh man Singuy - really sorry to hear that. I hope your health improves soon.

[LivingAlmostLarge]

That's awesome that you semi retired both of you! Congrats!

[rennigade]

Tsla has been on a nice run the past week. Hopefully that continues.

[rennigade]

I did see articles recently how it's more expensive to charge an electric vehicle than using gasoline. It was based on 100 miles of driving. Not sure if that figure changes the more you drive. Electricity has gone up significantly here.

[james.hendrickson]

Rennigade,

So this topic piqued my interest. I did some basic searching on the internet here and came across what looked like a good comprehensive summary of the costs of carrying an EV. The document was from Consumer Reports.

It basically said:

1. EVs have higher up front purchase prices
2. Adjusting for purchase incentives, EV depreciate at the same rate as gasoline powered vehicles
3. EV owners save about 50% in repair costs over the lifetime of vehicle ownership
4. EV owners saved about 60% on fuel costs relative to gas powered vehicles
5. In many cases EV matched or exceeded the performance of gas powered vehicles
6. Lifetime costs of EVs were consistently lower than gas powered vehicles, regardless of whether the vehicle was used.

So, the long and short of it is they're more expensive, but cost less over the long run.

Link to the consumer reports document here.

[disneysteve]

I did see articles recently how it's more expensive to charge an electric vehicle than using gasoline. It was based on 100 miles of driving. Not sure if that figure changes the more you drive. Electricity has gone up significantly here.

Probably part of the reason why solar is becoming increasingly popular. I see panels on another house around here every few days. My daughter works for a solar company and one factor that goes into their system designs is whether or not the homeowner will be charging an EV. More and more of their clients are.

[LivingAlmostLarge]

I was looking into an EV but it would also cost to upgrade our panel. Also I'm not sure tesla will win self driving so for now we're just waiting to see who wins.

[Singuy]

Well, EVs being more expensive than gas cars is becoming the thing of the past now with the new introduction of the tax credit. A new Model 3 SR+ is like 36k after tax credit and in some states under 30k with additional tax credits. I have seen Bolts for sale for under 20k after tax credits.

[LivingAlmostLarge]

Not really the model 3 where i am is about $50k

[amarowsky]

Anyone worried about the usefulness of FVRR w/ the advent of recent A.I. software that is ubiquitously available for very low cost? It seems like a lot of the FVRR level tasks I was scoping out (using it for artwork for marketing/logo's) is obsolete for my use case.

I imagine at least some people were using it for some writing, website programming, and similar tasks. The lion's share of calories, of which can now be completed by several different affordable programs.

Wondering if some of the key foundation uses for FVRR just received a significant stress crack....

Reporting today, they did just have something go correct for them, as they're up 18% on the day @ $44.70 when writing this. (Overall I'm very much in the Hole on FVRR, bought both at the best and worst times, $30 and $300)