Elon Musk shares long term investment advice; how to become rich with stock market
New Delhi : The richest man in the world, Elon Musk, has shared some of the investment advices on when to buy and sell stocks. Elon Musk said that a lot of people questions how to increase wealth; the best advice remains "don’t panic when the market does."
On Twitter, Elon Musk advised people to buy the stocks of companies they believe are offering good products and services. "Since I’ve been asked a lot: Buy stock in several companies that make products & services that *you* believe in."
He also noted that people must sell the stock of a company if they believe that they products and services are performing bad. With this people can earn a long term benefit and generate wealth.
Recently, Elon Musk bought Twitter for a whopping USD 44 billions. Last week, the company reported an operating loss of USD 128 millions on revenue of USD 1.2 billion and net income of USD 513 million in the first quarter of this year, its last quarterly result before Musk takes over.