Elon Musk, the founder of Tesla, shared investment advice on Twitter recently. The businessman published his thoughts on the site of the microblog, of which he is now dominant.
Below is the Tweet in question.
According to Musk, he often receives questions about choosing investment strategies. Therefore, the businessman decided to share advice with the readers of his Tweets.
“Buy shares of some companies that offer services and products in which you believe. Sell them only if you see that the company’s products or services are losing popularity. Don’t panic during periods when the market is panicking.”
Musk added that such advice, in his opinion, will serve market participants well in the long run.
Elon and Musk and cryptocurrencies
Elon Musk has not hidden that a part of his total wealth has been invested in cryptocurrencies. According to the businessman, digital assets help him fight inflation. It is known that the crypto portfolio of the head of Tesla includes Bitcoin, Ethereum and the businessman’s favorite currency – Dogecoin.
According to researchers, 37% of American investors have at least once made investment decisions based on Musk’s tweets.
Under Musk’s investment tweet, netizens began to discuss the effectiveness of the businessman’s investment advice.
Subscribers noted that the scheme proposed by him is difficult to implement in practice.
Many companies that produce quality goods or provide popular services are privately held. Ordinary people cannot invest in them.
Also, netizens drew attention to the fact that the sale of Tesla shares at the end of April 2022, in light of his advice, looks extremely suspicious.
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