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5 lessons for ASX share investors from financial year 2021
5 lessons for ASX share investors from financial year 2021
We saw a decade of economic, political, social and financial action crammed into just 12 months. So what should stock fans make of it all?
Senior journalist at The Motley Fool
Tony Yoo is a senior journalist at The Motley Fool Australia. He formerly wrote for Yahoo Finance, Business Insider and Guardian Australia. Please send story tips to tony.yoo(at)foolcontractors.com. Tony s stock holdings are here.
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A madcap 2021 financial year is now done and dusted.
Then in November came the news that the first vaccines were nearing approval and Americans voted in the US elections.
Image source: Getty Images
Tesla Inc (NASDAQ: TSLA) is often cited as the poster child for the irrational exuberance of retail investors.
Notwithstanding the COVID-19 market crash, the stock for the electric car maker has increased 660% times since the start of 2020.
That dizzying ascent has made many people rich. This includes chief executive Elon Musk, who in January briefly overtook
Tesla is now worth more than the 8 biggest traditional car makers combined, even though it produces a fraction of the vehicles they do.
The local version of Tesla is
Afterpay Ltd (ASX: APT), which jumped 5-fold in price from the start of 2020 to February this year.