what an incredible idea. I'm actually just thinking about the options available to myself at the moment. I might actually join you on this journey, although obviously share price is quite high. Thanks for the inspiration
Thanks! Nothing's guaranteed but I'm off to a great start so let's see how it pans out. If I was more conservative I'd still apply the same principles but invest it in and index fund for 3 years .... however, I'm a sucker for TSLA!
Did you use your personal cash to buy the stock or buy it through the business? I understand instead of buying the car outright you spent the remainder on shares but just wanted to know where the money is from? It may not be simple for us. We would have to pay dividend tax!
Personally, I have a separate LTD for investing so I loan the money from the cash generating LTD to the investment LTD. So, I've invested just over £50k in Tesla (TSLA) shares and have leased my Model 3 instead ... you only have tax to declare when you sell at a profit and my plan is to hold for 3 years minimum and then drip feed any profits out as and when needed. At the time of writing, the increase in the TSLA share price has more than paid for my entire lease so I'm glad I went down this "financing option". I use Interactive Brokers myself, here's a good article on investing UK LTD profits if you're interested in investing via a LTD company - www.foxymonkey.com/how-to-invest-your-company-profits/
@@rickontesla thanks for your reply. I've heard some people do that, either lend company B money from company A or company B is a shareholder of company A. Is it worth your time in making a video on this subject alone? I don't know but I'm glad to see your stocks doing well!!! Just annoyed the tesla model 3 has gone up since you made your first video on purchase outright v business car hire
@@bobjohn3108 I've lent money from company A to company B. I just followed the advice in the linked article so I'm in no position to make a video as I know just the bare minimum I'm afraid 🙂
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Brilliant finance advice !! Buying TSLA stock is a super idea.
what an incredible idea. I'm actually just thinking about the options available to myself at the moment. I might actually join you on this journey, although obviously share price is quite high. Thanks for the inspiration
Thanks! Nothing's guaranteed but I'm off to a great start so let's see how it pans out. If I was more conservative I'd still apply the same principles but invest it in and index fund for 3 years .... however, I'm a sucker for TSLA!
Did you use your personal cash to buy the stock or buy it through the business? I understand instead of buying the car outright you spent the remainder on shares but just wanted to know where the money is from? It may not be simple for us. We would have to pay dividend tax!
Personally, I have a separate LTD for investing so I loan the money from the cash generating LTD to the investment LTD. So, I've invested just over £50k in Tesla (TSLA) shares and have leased my Model 3 instead ... you only have tax to declare when you sell at a profit and my plan is to hold for 3 years minimum and then drip feed any profits out as and when needed.
At the time of writing, the increase in the TSLA share price has more than paid for my entire lease so I'm glad I went down this "financing option".
I use Interactive Brokers myself, here's a good article on investing UK LTD profits if you're interested in investing via a LTD company - www.foxymonkey.com/how-to-invest-your-company-profits/
@@rickontesla thanks for your reply. I've heard some people do that, either lend company B money from company A or company B is a shareholder of company A.
Is it worth your time in making a video on this subject alone?
I don't know but I'm glad to see your stocks doing well!!! Just annoyed the tesla model 3 has gone up since you made your first video on purchase outright v business car hire
@@bobjohn3108 I've lent money from company A to company B.
I just followed the advice in the linked article so I'm in no position to make a video as I know just the bare minimum I'm afraid 🙂