Let’s talk about the recent announcement of Tesla joining the S&P 500. We will go over why Tesla is such an attractive company, what it means to be included in the S&P, and the dangers of allocating too much of your portfolio to an individual stock.

[00:37] What Does Tesla Do?

[01:53] Tesla’s batteries and other competitive advantages

[03:03] The Da Vinci of our generation

[04:12] Musk’s wealth has multiplied thanks to Tesla

[05:19] What is the S&P 500

[06:40] Why does this matter to you?

[07:56] The good and the bad

[10:04] The importance of diversification

[11:11] The heart of the matter

[12:12] Getting rich quick

[14:07] The role trust plays in the economy

[16:08] Quick riches bring trouble

[19:00] The process of designing financial goals

[20:13] Reconsider how aggressive you need to be

[21:24] Closing thoughts

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Show Notes & Transcript: https://abundantadvisors.com/podcast/tesla-joins-the-sandp-500

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Disclosure:

Abundant Advisors, LLC, is an Investment Advisor registered with the State(s) of North Carolina. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold, or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets, or developments mentioned. We may, from time to time, have a position in the securities mentioned and may execute transactions that may not be consistent with this communication's conclusions. Our current disclosure brochure, Form ADV Part 2, is available for your review upon request and on our website, https://www.abundantadvisors.com. This disclosure brochure, or a summary of material changes made, is also provided to our clients on an annual basis.