Retirement Guru: TSLY is a buy!
Since Trump won the 2024 US Presidential Elections, Tesla’s fortunes are on the rise. Like it or not, Trump’s push for Made in America will benefit the US automotive industry. And, with Tesla being the dominate EV car maker, it is well positioned to gain from this.
I Am In The Black
In July 2024, I purchased 100 shares of the ETF TSLY at USD18.64 per share. Since then, my investment has been on a roller-coaster ride. At one point, I was down USD466.39, but TSLY has since regained some of its value and closed on 27 Nov 2024 at USD15.33.
Yesterday, TSLY also announced a December 2024 dividend payout of USD1.2208 per share. Assuming TSLY goes ex-dividend on 29 November 2024 at USD15.33, my 5 months investing with TSLY will give a nett return of USD138.89 — or 7.45% on my original USD1,864 invested.
As a Singaporean, after paying 30% US Withholding Tax, I will get SGD114.74 in December. With an average meal at the hawker center costing SGD5, this will buy me just about 30 meals.
Importance of budgeting
As a retiree living off dividends, budgeting is crucial, especially when you primarily living off dividends. As dividends can (and will) fluctuate from month…
