The richest man in the world, and arguably the richest man ever, Elon Musk dropped investment tips on Sunday, May 1, 2022. He claimed that he was only doing the revelation because he has been ‘asked a lot.’
Well, how does Musk expect you to invest? He says:
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 & services are trending worse. Don’t panic when the market does.
This will serve you well in the long-term.
— Elon Musk (@elonmusk) May 1, 2022
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His hot investment tip comes after his deal to buy Twitter was finalised. The billionaire had shelled out $44 billion to take over Twitter and make it a private company. However, it seems that he is letting CEO Parag Agrawal continue at the helm of affairs. If it continues this way, Twitter may be the only company that Elon Musk owns and that he isn’t occupying the CEO’s seat.
Following his Tweet advising would-be investors not to panic when the market starts sliding, the replies were flooded with people asking questions about the billionaire’s-backed crypto, Dogecoin. Musk did not engage in the comments like he usually does.
In related news, the rest of the world is still reeling from Twitter’s ownership changing hands. We already wrote 5 expected changes to come to the platform and others are still speculating some graver happenings.
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