Investors urged to beware of the Tesla 'fear of missing out' mania

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Investors urged to beware of the Tesla 'fear of missing out' mania
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Tesla's stock broke records this week and is up around 82% since the beginning of the year, but investors should be cautious about putting too many eggs in one basket.

Traders on SoFi Invest — a stock and exchange traded fund investing platform used mostly by millennials age 25 to 40 —The top result in Google's search engine after typing the words "Should I" is "should I buy Tesla stock," suggesting that a large number of people are interested in getting a share of the company.partner at Abacus Wealth Partners

Investors should consider buying Tesla stock as part of a well-diversified portfolio of investments, according to financial advisors. Investors should also be wary of buying several stocks in one sector of the economy and thinking they're well-diversified by virtue of holding a bunch of stocks.

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