I appreciate its deeply unfashionable to question current valuations but I found this article rather interesting as it highlights the importance of really understanding the prospects of the business you’re backing, as, quite rightly not every one will be a winner, despite so many listed EV businesses priced as if they are.
Key Points
The “big market delusion” is when all firms in an evolving industry rise together, although as competitors ultimately some will win and some will lose.
The electric vehicle industry, with its astronomical growth in market-cap over the 12 months ending January 31, 2021, is a prime example of a big market delusion.
In the highly competitive and capital-intensive auto industry, the January 2021 valuations of electric vehicle manufacturers are simply not sustainable over the long term.
I have 3 shares in Nio and have made a whopping profit of £3.73 My question is, is it worth me keeping my 3 shares? I mean, I bought them because I have a feeling Nio will do well in the future but, as I’ve only got 3 shares, I’m now thinking it’s hardly going to make me a millionaire is it?
Becoming a millionaire is a journey fellow freetrader! Is not gonna happen over night unless you have already a considerable capital (or you are firm believer of the GME frenzy craziness)
Be patient and consistently invest every month (only an amount you fell comfortable with). The journey to FIRE is long and you got to start somewhere, 3 shares in Nio are better than 0. To answer your question, you can keep adding shares to your holding in Nio (if you think will do well in the future), sell (if you believe it will not do well in the future) or just hold (if you are happy with 3 shares or unsure)
I am not massively invested in the company but I got in early and I believe in the fundamentals. I will keep adding on the dip but DYOR.
Thank you. I don’t expect my investments to turn me into a millionaire that’s just wishful thinking on my part However, I do believe Nio will do well in the future. I hadn’t thought about using a regular sum to buy more shares? That is what I’m doing with my two Vanguard Lifestrategy Investments. This is something I will definitely think about. The problem is I’d love to invest more in everything I hold but I can’t afford to do that! However I hold a lot more shares in everything else I’ve got on Freetrade except Nio so I would only need to think about topping this one up regularly and the others as and when I’ve got spare change. Thank you Alex, you’ve definitely given me food for thought!
I noticed that they may have removed it, I have switch the google sheet formula to yahoo instead.
I went to the google finance site then searched nio and it doesn’t show.
Following Tesla’s acquisition of Solar City in 2016, I sold what little I had and have regretted it (although I did need the money at the time). If you can afford to just forget about the money, then leave it and come back in 5 years time to see what you’re sitting on.
Thanks, no I don’t use NYSE, but I can see the stock price has updated correctly now. If I have issues in the future I’ll try add NYSE into the formula.
Havnt read all 312 messages (at time of writing) but has anyone mentioned this is a non isa stock?
Therefore much more likely to be subject to tax and a reduction in prospective gains
Started buying last year at $5 so i’m still well up but the fact they hit $68 and i didn’t take a profit is annoying me to say the least. Think it will be quite a while before they start rising again.
My question is, is it worth me keeping my 3 shares? I mean, I bought them because I have a feeling Nio will do well in the future but, as I’ve only got 3 shares, I’m now thinking it’s hardly going to make me a millionaire is it? 
However, I do believe Nio will do well in the future. I hadn’t thought about using a regular sum to buy more shares? 
That is what I’m doing with my two Vanguard Lifestrategy Investments. This is something I will definitely think about. The problem is I’d love to invest more in everything I hold but I can’t afford to do that! However I hold a lot more shares in everything else I’ve got on Freetrade except Nio so I would only need to think about topping this one up regularly and the others as and when I’ve got spare change. Thank you Alex, you’ve definitely given me food for thought! 
