The 74-year-old model, mother of billionaire Elon Musk, Maye Musk, shared that more than 35 years ago, when her son was only 14 years old. Elon Musk recommended that she invest $1,000 in stocks and buy shares of a company he “really believes in,” despite the stockbroker saying the investment was a “bad idea.” . | November 15, 2024

Annonce:

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.

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.