Almost all of our family's money is in boring low cost index funds. There's one exception: Tesla. It's the only single stock we own.
I think the only real edge an investor can have in the public markets is seeing something the rest of the world hasn't figured out yet. There's a story unfolding right now that most people don't understand. This is it.
I think that within ten years, the vast majority of people won't own a car.
The average American spends about $1,000 a month on their car — payment, gas, insurance, depreciation, etc. After housing, it's the biggest expense most families have.
Now picture this... instead of owning a car, you can simply request a self-driving Tesla robotaxi at the tap of a button on your phone, that will cost you $300 a month — a savings of about $700 a month, or $8,400 a year.
That's when car ownership ends. Even people who love driving will have a hard time justifying keeping a car when the alternative is 3X cheaper.
And this isn't some crazy Elon Musk prediction. These robotaxis are already on the road (see video below) — driving people around right now, with no one behind the wheel, in Austin, Dallas, and Houston. It's only a matter of time before they're everywhere in the USA, then worldwide.
This isn't going to happen overnight — it's a 10-plus year bet, and not investment advice. Just what we're doing with our money, and why.