Elon Musk, the world’s richest man, has been making a profit by giving his mother precise advice on the ‘stock market’ since he was 14 years old. Elon Musk’s mother has shared this information on the social networking site.
Elon Musk, president of companies including SpaceX and Tesla, is the world’s richest man in today’s world. The value of his property has crossed several lakh crores. Despite being a busy businessman, Elon Badu is also active on social media.
Thus Elon Musk has become very popular among young people around the world. Thus it is customary for him to be questioned by thousands every day on Twitter. Elon has a habit of answering only the most important and interesting questions.
In that sense, he was questioned by many about stock market investments. Elon Musk recently responded to that. In it, he said, “Buy shares of trusted companies that manufacture products and provide services. Perhaps sell your shares only if the value of that company declines; do not make decisions based on stock market conditions because it will pay off in the long run.”
At the age of 14 Advice …
Meanwhile, his mother, Maye Musk, who retweeted Elon’s tweet, shared an interesting story that happened many years ago.
It read, “Do you remember Elon? We were in South Africa at the time. You’re exactly 14 years old. One day you came to me and asked me to buy shares in a particular company. I asked my stock market friend about it. He said it was a bad idea. (Equivalent to $ 1,000) I invested in that company.
That was the biggest amount I dared to lose during that time period. But surprisingly that investment turned out to be 3,000 rand. I sold it because my friend told me to sell that share right away. You have no interest in it. Similarly, you do not agree with the distribution of the proceeds to you and your brothers, “said May Musk.
Millions of people have liked this tweet and are retweeting it. Many commented that Elon Musk had a decisive knowledge of business and the stock market at an early age, which is why he has grown into a great businessman today.