Recently, I told you my reasons for not buying existing websites.
There are two sides to every issue which means there are also good reasons for buying existing websites.
Before I get to that, a little back story.
Today a reader who I’ve had some back and forth with pointed out that Tesla stock recently hit $2,000 per share.
I considered buying Tesla stock in March when it was under $400.
Had I done that, I’d have quintupled my money. That’s a 5-bagger inside 6 months.
Instead, I put my money in index funds that have risen nicely since March, but not anywhere near the 500% gains Tesla shareholders enjoyed.
And yet, I don’t regret it and here’s why.