Elon Musk, known for being the founder of large successful companies such as Tesla, SpaceX, PayPal, Neuralink and others, has positioned himself as one of the most successful investors and entrepreneurs of the time. As revealed by his mother, Maye Muskthe wisdom of the programmer in terms of investments and companies, comes from a long time ago.
Through her Twitter account, the 74-year-old model woman said that Elon Musk already gave investment advice when he was just 14 years old. And not only that, but those suggestions, which seemed to make no sense, ended up being successful, so the woman managed to triple the initial investment thanks to her son.
Elon Musk: what advises his mother to invest from the age of 14
Elon’s mother revealed on her Twitter account that in the 1980s she invested 1,000 South African Rand, equivalent to about $1,000, in stocks her son recommended. “It was the most she was willing to lose on the stock,” she recalled.
one) @elonmusk In South Africa, when you were 14, you asked me to buy stock in a company you really believed in. My stockbroker friend said it’s a bad idea, so I only bought R1000 (similar to $1000 at that time), which is the maximum amount I was willing to lose. https://t.co/6IoAPUphRf
— Maye Musk (@mayemusk) May 1, 2022
Maye says she wasn’t entirely convinced as a friend of hers, a stockbroker, had told her the investment was a “bad idea”.
However, Elon Musk’s faith in the company soon paid off and the investment tripled, Maye Musk said. When the stock rose, the model said she “paniced” and sold her shares. “You weren’t happy,” Maye Musk said on Twitter, directing the tweet directly at his son. “The stock kept going up. You also thought it was unfair that I split the profits between you, @kimbal and @ToscaMusk,” he added.
Elon Musk’s advice to his followers when it comes to investing
Although the tycoon is still defining the purchase of Twitter, he is already speaking as the owner of the little bird company, which he wants to turn into “a public square for freedom of expression.”
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
In this sense, the richest man in the world advised his Twitter followers to buy shares of companies that make products they “believe” in and not to “panic” when the market did.
“Since I’ve been asked a lot: Buy stock in various companies that make products and services you believe in. Only sell if you think your products and services are trending down. Don’t panic when the market does. This will serve you well.” good long term,” Elon Musk tweeted on his Twitter account.
It was in Canada where the CEO of Tesla began to immerse himself fully in the world of technology, and where he learned the basics of what would later become Zip2 and PayPal, his first two companies that led him to success and fortune.