Get out of car stocks
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•@Tojasoku I have BMW stock and even with what is happening, I still continue to profiting, the question is when you buy it and at what price.
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•Hello @Tojasoku
Thank you very much for your answer!
What speaks against it? Mercedes, for example, is a large and well-known company that has been on the stock market for 26 years. The share price fluctuates year after year, but after the 2020 pandemic, the price went up well and I see potential for the price to rise even further and perhaps even reach a new "high" if AI can be integrated well and sensibly. It is also still unclear what the future will look like. Will we go back to combustion engines or will electric motors prevail? Maybe something new is coming...
Why are car shares not popular?
Thank you very much for your answer!
What speaks against it? Mercedes, for example, is a large and well-known company that has been on the stock market for 26 years. The share price fluctuates year after year, but after the 2020 pandemic, the price went up well and I see potential for the price to rise even further and perhaps even reach a new "high" if AI can be integrated well and sensibly. It is also still unclear what the future will look like. Will we go back to combustion engines or will electric motors prevail? Maybe something new is coming...
Why are car shares not popular?
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•@Fixeira The German car industry in particular has extreme political difficulties in remaining competitive in the market. Politically on the one hand due to EU electrical directives and on the other hand due to German energy policy.
If at all, I see opportunities for Mercedes or BMW in the premium segment, but the risk is too high for me compared to other sectors. My wife still has a small position in BMW and we are keeping it. I sold my position in Mercedes a while ago at a good price, and I have now sold VW at a moderate loss.
If I were 19 years old like the author of this post, I would never hold double-digit percentages in German car stocks.
If at all, I see opportunities for Mercedes or BMW in the premium segment, but the risk is too high for me compared to other sectors. My wife still has a small position in BMW and we are keeping it. I sold my position in Mercedes a while ago at a good price, and I have now sold VW at a moderate loss.
If I were 19 years old like the author of this post, I would never hold double-digit percentages in German car stocks.
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