Maye Musk Reveals Elon Recommended $1,000 Stock Investment at Age 14 ” despite the stockbroker saying the investment was a “bad idea.”

Maye Musk once invested $1,000 in stocks following Elon Musk’s advice.

image

 

Maye Musk – Elon Musk’s mother said she received investment advice from her son when the Tesla CEO was only 14 years old.

image

The 74-year-old model shared that more than 35 years ago, Elon Musk recommended that she buy stock in a company he “really believed in,” despite the stockbroker saying the investment was a ” bad idea”.

The above story was shared by Maye Musk on Twitter on May 1 after the world’s richest billionaire gave some advice on choosing stocks. The 50-year-old billionaire urged his Twitter followers to buy stocks of companies that produce products they “trust” and not to “panic” by the market reaction.

Giving an example of Elon Musk’s investment philosophy, Mrs. Maye said that in the 1980s, she invested about $1,000 in stocks that her son recommended. It was the largest amount of money she had ever ventured into this field.

image

Elon Musk’s faith in the company quickly paid off and the value of Maye’s investment tripled. When the stock price increased, Maye “panicked” and decided to sell all his shares.

“I wasn’t happy about it. This code then continued to increase. I also think it’s unfair for you to divide your profits between me, @kimbal and @ToscaMusk,” Maye said on Twitter.

Maye Musk did not specify how quickly the stock price increased or which company Elon Musk proposed to invest in. Her representative also declined to comment further on this matter.

image

Billionaire Elon Musk and his mother. Photo: Reuters

Elon Musk’s investment advice comes just days after he sold 9.6 million Tesla shares, worth $8.5 billion. This move is said to be to pay for the $44 billion deal with Twitter.

This is also not the first time the world’s richest man has given investment advice. Earlier this year, Elon Musk said owning material things like a house or stock in companies is “generally better than holding cash” when inflation is high.

image

Previously, in an interview with Insider , Maye Musk emphasized that she helped her 𝘤𝘩𝘪𝘭𝘥ren develop by encouraging them to pursue their personal interests. During his 𝘤𝘩𝘪𝘭𝘥hood, CEO Tesla showed a passion for books and computer programming. In April, Elon Musk shared at the TED conference that his success is largely due to his desire to answer important questions surrounding the meaning of life.

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

Related Posts

Mujer convierte su hogar en un refugio para 80 perros ancianos.

Conozca a Valerie Reid, la increíble mujer que convirtió su casa en un hospicio porque no podía soportar la idea de que sus mascotas mayores murieran solas. Whispering Willows ѕeпіoг Dog Sanctuary, una organización de rescate de mascotas en Missouri …

Read more

Ancient Alien Skeletons Ignite the Debate Between Myth and Reality.

Recent archaeological excavations have reignited a longstanding debate that straddles the boundary between myth and reality: the existence of ancient alien skeletons. Unearthed findings have sparked intense discussions among scholars, enthusiasts, …

Read more

Alien Life Discovered in Remote Mountains: A Stunning Revelation

The recent discovery of extraterrestrial life in the distant Mountainous region has surprised both the scientific community and the general public. A man’s trip to a remote mountainous area where extraterrestrial life is said to thrive has resulted …

Read more

Over a Ton, Eight Feet Long, with a Massive Horned Shell

In the annals of eарth’s history, tales of remarkable creatures have graced our planet. Among these wonders stands the largest turtle ever to exist, a сoɩoѕѕаɩ giant that walked the eарth over 10 million years ago. This ancient behemoth was no ordinary …

Read more

¡La emoción del hombre ante una estatua legendaria y miles de tesoros descubiertos en un momento emocionante!

La historia se desarrolla cuando el hombre da pasos fatídicos que lo llevan al descubrimiento de una estatua impregnada de ɩeɡeпd. Sin embargo, este no fue un hallazgo cualquiera; fue la realización de un sueño preciado, un artefacto del que se …

Read more

Encantadores Diseños de Tatuajes Femeninos para Inspirarte

Amiga si tú estás en busca de un bello  diseño de tattoo  déjame decirte que has entrado al artículo correcto. Hoy te regalaremos una gran variedad de  Tatuajes hermosos  los cuales fueron recopilados minuciosamente especialmente para ti y los cuales …

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *