Hy Luu

“at no risk of panic selling,”

Hy Luu · said date not stated · reported 2026-10-09

Luu expressed confidence that his high conviction in Tesla means he would not panic sell even during market downturns.

“I'm very close to becoming a millionaire,”

Hy Luu · said date not stated · reported 2026-10-09

Luu's net worth has grown to more than $800,000 from negative territory seven years ago.

“very calm and collected”

Hy Luu · said date not stated · reported 2026-10-09

Luu described his investing temperament as very calm and collected.

“But the reason why I say there's nuance to it is because it's a matter of investing temperament, financial discipline and time horizon.”

Hy Luu · said date not stated · reported 2026-10-09

Luu argued that his investing approach involves nuance based on temperament, discipline, and time horizon.

“My plan was only to go into it just to test drive it. I wasn't going to buy anything. I wasn't going to put in any reservation. Long story short, after the test drive, I put in my reservation the same day, and I got the car like two weeks later.”

Hy Luu · said date not stated · reported 2026-10-09

Luu recounted impulsively reserving a Tesla Model 3 the same day he test-drove it.

“The stock was going up, and so I was like, 'There's no way I could lose.'”

Hy Luu · said date not stated · reported 2026-10-09

Luu described his mindset as Tesla shares rose and he increased his margin borrowing.

“gambling with an asterisk.”

Hy Luu · said date not stated · reported 2026-10-09

Luu characterized his margin investing strategy as gambling with an asterisk due to his discipline and conviction in Tesla.

“I started making money, and I quickly learned, 'Now I'm making money, what do I do with it?'”

Hy Luu · said date not stated · reported 2026-10-09

Luu recounted how he began looking into investing after starting a new job and earning income.

“I started investing in index funds and even in crypto, and then I did the math. I looked at the returns, and I was like, 'This is very slow returns. I'm never gonna reach retirement, financial independence until like 65.'”

Hy Luu · said date not stated · reported 2026-10-09

Luu explained why he moved away from index funds and crypto toward Tesla after comparing returns.

“I went really crazy,”

Hy Luu · said date not stated · reported 2026-10-09

Luu reflected on his aggressive margin investing in Tesla that led to more than $100,000 of margin debt.

“It's very easy to see it as gambling, because obviously all your money is in one stock, and that's inherently risky,”

Hy Luu · said date not stated · reported 2026-10-09

Luu acknowledged that concentrating all his money in one stock is inherently risky.

“I was choosing between a Honda Civic and a Tesla Model 3, and my friend, he scheduled a test drive for me to drive the Model 3,”

Hy Luu · said date not stated · reported 2026-10-09

Luu described how a friend arranged a Tesla Model 3 test drive that led to his first car purchase from the company.

“I refinanced the house to get access to an extra $30,000 of capital, and I used that to pay down my margin debt,”

Hy Luu · said date not stated · reported 2026-10-09

Luu said he refinanced his house with his mother's approval to raise capital and pay down margin debt during Tesla's 2022 decline.

“What I'm doing is risky. I don't recommend anyone do it.”

Hy Luu · said date not stated · reported 2026-10-09

Luu acknowledged the riskiness of his margin investing strategy and cautioned others against it.