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Elon Musk's 3 Most Sensible Pieces of Investing Advice

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
With an estimated net worth of around $435 billion as of Jan. 15, Elon Musk is far and away the world's richest person. But these days, he's getting more attention in his role as an advisor
The article on MSN discusses Elon Musk's three most sensible pieces of investing advice. Firstly, Musk emphasizes the importance of investing in what you know, suggesting that understanding the business or technology behind an investment is crucial. He has often invested in sectors he is deeply familiar with, like electric vehicles with Tesla and space travel with SpaceX. Secondly, he advises thinking long-term, highlighting that patience can lead to significant returns, as seen with his long-term vision for Tesla and SpaceX. Lastly, Musk advocates for diversification, not just within one's investment portfolio but also in terms of personal skills and knowledge, which indirectly supports better investment decisions. This approach helps mitigate risks and fosters innovation, aligning with Musk's own diverse business ventures.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/money/savingandinvesting/elon-musk-s-3-most-sensible-pieces-of-investing-advice/ar-AA1xsJ4X ]