Wow! A woman turned $1,000 into $380,000 by investing in Tesla stock! It's a great story, but it also shows how risky investing can be. She's wondering if she should sell her Tesla stock to pay off her house or keep it. Let's look at what happened.
- She bought Tesla stock for $1,000 in 2011.
- The stock grew to $380,000!
- She owes $288,000 on her house.
- Experts say it's risky to have all your money in one stock.
| Investment | Amount |
|---|---|
| Starting money | $1000 |
| Tesla stock value | $380,000 |
| Mortgage | $288,000 |
Experts say it is better to spread your money across different investments so that if one goes down, others can help make up for the loss. Selling the stock would also mean paying taxes on the profits.
