So I've got about $3,000 which is for a used car. I'm unemployed but I should be going back to work in a few months and I've got a few thousand dollars that I'll used to buy a used car as soon as I start working again.
Or I could use that $3,000 to buy as much tesla stock as I can hoping that I'll make a lot of money on it ten years from now, but if I blew my $3,000 on Tesla stock then I'd have no money for a used car that I intend to buy. Which means it would take me months to save up $3,000 again for a used car. It'd probably take 6 months of working full time at a shitty job to save up three grand for a used SUV and I need an SUV cause I need to be able to tow a trailer, because I'm going to move in about 1 year from now.
So if I bought $3,000 worth of Tesla stock today would that three grand turn into $12,000 by 2030? What am I looking at here?
Should I keep the money and use it to buy a car or invest it in Tesla stock which would hopefully make me some profit several years from now?
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