Elon Musk, a multi-billionaire, offers long-term investing advice
The world’s richest man, Elon Musk, provided some investment advice on Sunday.
Elon Musk says he’s frequently asked how to improve one’s riches.
“Don’t panic when the market panics,” Musk advised on Twitter.
Stocks in firms that make items and services that people believe in.
“Since I’m frequently asked: Invest in multiple firms that make items and services that you value.”
Elon Musk advised selling stocks only if “their products & services are trending worse.”
“This will serve you well in the long run,” Musk advised his almost 90 million Twitter followers.
Musk is the world’s richest man, according to the Forbes real-time billionaires list of 2022.
Tesla and SpaceX’s parent company recently acquired Twitter for $44 billion.
Musk also sold 4.4 million shares worth $4 billion. The money could be used towards aircon.