September 27, 2022

Elon Musk gave advice to investors

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The head of Tesla and Space X Corporation shared investment advice with the public on his Twitter. He noted that users often turn to him to express his opinion on certain strategies.

According to the billionaire, it is necessary to invest in the securities of companies in whose services and products the investor really believes. Selling shares is advisable if the services of the corporation are clearly losing competitiveness. Particular emphasis was placed on the fact that one should never panic if the market behaves erratically. Elon Musk expressed the hope that his simple advice will benefit novice investors and allow them to achieve a positive result in the foreseeable future.

The entrepreneur also noted that he invested part of his capital in digital assets, since he sees them as a reliable tool for diversifying risks in the face of rapidly growing inflation. The billionaire himself has repeatedly noted that his portfolio includes: Bitcoin, Ethereum and Dogecoin.

The public began to actively discuss this tweet of the billionaire. Subscribers believe that the scheme described by him will be quite difficult to implement in practical conditions. The problem is that many of the organizations that create truly valuable products are private. Consequently, retail depositors are simply unable to invest in their securities. Users also found it suspicious that at the end of April, Elon Musk sold his Tesla shares, which contradicts the concept he proposed.

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