As one of the richest and most successful people to live, Elon Musk has some interesting investing advice across companies, crypto, and of course, the stock market.
Musk once tweeted “Since I’ve been asked a lot: Buy stock in several companies that make products & services that you believe in.
Only sell if you think their products and services are trending worse. Don’t panic when the market does” 👀
Musk’s tweet echoes value investing:
🚀 Only invest in companies with a business you understand and believe in
Source undervalued companies from your own research (reading financial reports, keeping an eye on the news, etc)
🔓 Aim to “unlock tremendous potential”
Since value investors conduct individual research, they often avoid following trends and short-term events in the stock market
🧘 “Don’t panic when the market does”!
Even though Musk has significant crypto holdings. . .
Musk believes that crypto DOES NOT benefit society 🤔