Monday, November 28, 2022
Home Science Elon Musk's mother says her son has been giving out stock advice...

Elon Musk’s mother says her son has been giving out stock advice since he was 14 years old

Maye Musk shared an example of Elon Musk’s investment philosophy in action.

The Tesla CEO said on Sunday that investors should buy stock they “believe in” and not “panic.”

The model said her son gave her similar stock-picking advice when he was 14 years old.

Maye Musk said her son has been sharing investment advice with her since he was 14 years old.

The 74-year-old model said on Sunday that over 35 years ago Elon Musk asked her to buy stock in a company he “really believed in,” despite advice from a stockbroker friend who said the investment was a “bad idea.”

Elon Musk’s mother shared the anecdote on Twitter after her son provided some stock-picking advice. The richest man in the world told his Twitter followers to buy stock in companies that make products they “believe in” and not to “panic” when the market does.

Maye Musk shared an illustration of the tycoon’s venture reasoning in real life. The model expressed that during the 1980s she contributed around 1,000 South African Rands, comparable to about $1000 US dollars, into the stock her child suggested. It was the most she was able to lose on the stock, she said.

In any case, Elon Musk’s confidence in the organization immediately paid off and the venture significantly increased, Maye Musk said. As the stock climbed, the model said she “overreacted” and sold her portions.

“You were distraught,” Maye Musk said on Twitter, addressing the tweet straightforwardly to her child. “That stock kept on rising. You additionally thought it was unjustifiable that I split the rewards between you, @kimbal and @ToscaMusk.”

Maye Musk didn’t indicate how rapidly the stock cost rose from 1,000 South African Rands to 3,000 or which organization Elon Musk requested that she put resources into. A representative for the model declined to remark on the issue and said Maye Musk doesn’t regularly remark on family collaborations.

Elon Musk’s recommendation came only days after he sold 9.6 million offers in Tesla, esteemed at $8.5 billion. The auction is probably going to support his $44 billion acquisition of Twitter.
It was not the first time the richest man in the world shared investing advice. Earlier this year, Elon Musk said it was “generally better to own physical things like a home or stock in companies” than dollars “when inflation is high.”

Maye Musk expanded on her experiences in investing on Twitter. She said on Sunday that she bought her first stock in 1969 for 100 South African Rands and later put it under Elon Musk’s name in 1971 when he was born. The same stock helped the Tesla founder move from South Africa to Canada in 1989.

In a previous interview with Insider, Maye Musk emphasized that she helped her children grow by encouraging them to pursue their individual interests. During his childhood, the Tesla founder expressed a deep interest in books and computer programming. In April, Elon Musk said during a TED conference that his success has largely been driven by his desire to answer key questions surrounding the meaning of life.

The model and mother of three wrote about her family, as well as her first experience with the stock market in her book “A Woman Makes a Plan.”

RELATED ARTICLES

First Woman Reportedly CURED OF HIV EVER

A lady from New York has become just the third individual on the planet to have been restored of HIV, The New York Times...

Cancer Disappears In Every Patient for the First Time in History on New Drug Trial

Another medication has been found to have a 100% achievement rate in treating malignant growth. Researchers accept they might have made a significant forward leap...

World’s First-Ever Double Arm And Shoulder*Transplant Recipient Incredible Recovery

World’s First-Ever Double Arm And Shoulder Transplant Recipient Makes Incredible Recovery (SWNS) Felix Gretarsson, 49, has turned into the primary individual on the planet...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

10 Most Popular Female Twitch Streamers

Amouranth With quirky and ‘toxic’ characteristics, Kaitlyn Siragusa aka Amouranth always lives up to her infamous hype. Many say her channel makes no sense as...

Top Twitch Streamers Live Streaming Games in 2022

Live streaming on Twitch has exploded over the past few years, as has the amount of women Twitch streamers who broadcast their own playing....

Top Most Beautiful of The World 2022

Beauty is the thing that people admire the most, and these gorgeous women have done it with aplomb. If you're a lover of beauty...

Recent Comments