The value of his Tesla shares slid from $1.7-million to $1-million, but James remains steadfast in his long-term investing outlook
Tesla electric cars are stationed in a storage area in the Zeebrugge port, northern Belgium on June 21, 2024. This is TFSA Trouncers, a series that profiles Canadian investors who’ve accomplished incredible feats with their tax-free savings accounts. If you have grown your TFSA to half a million dollars or more, drop us an e-mail at. You may choose to be anonymous, but we do require an e-mail address and we may request a screengrab of your portfolio for fact-checking purposes.
James and his wife have other investments currently worth more than $2.3-million in registered retirement savings plans, non-registered accounts and other TFSAs – all managed by an investment adviser at RBC Dominion Securities. James also has some pension income, his wife has a teacher’s pension, and the couple own a paid-off $2-million waterfront home.
Ever the engineer, James enjoys watching YouTube videos and listening to podcasts about technologies related to Tesla and other fields such as AI, batteries and solar cells. This tends to give him more of a focus on the long sweeps of technological change than on the short-term ups and downs in stock prices.
“James has made some great stock choices in his TFSA, first with Apple and then with Tesla. This not only reflects choosing a great name, but it also reflects some very fortuitous timing. This is likely a very common theme when seeing investors with supercharged TFSA balances.
Tfsa James Tesla Wife James Portfolio Volatility Strategy CFP Tesla Inc. Tesla
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