Elon Musk Recommends Investing In 'Physical Things'
$Tesla(TSLA.US$ CEO Elon Musk posted in a $Twitter (Delisted)(TWTR.US$ thread on Monday advising followers to own “physical things” when inflation is high.
In the tweet, Musk said “As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.
I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw.”
The biggest takeaway for some followers seems to have been that Musk is still holding his Dogecoin because the cryptocurrency’s price saw a temporary spike shortly after the tweet.
However, the more important point to Musk’s message is that physical assets are generally the safest investment during times of high inflation.
While Musk referenced owning a home, real estate, in general, performs well for investors during years of high inflation. Specifically, single-family homes, multifamily, self-storage and farmland.
Running out to buy a property may not be the most feasible option for most investors right now, but luckily there are options available to buy shares of fractionalized real estate or even invest in a fund that has a portfolio of properties.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
天津小丸子 : GOLD
allen kidd : he also says he's not selling his Bitcoin, ethereum or dogecoin and those are not physical things.
allen kidd : silver. electric vehicles use silver. when the demand for EV grows so will the demand for silver.
Ferdinandy : Tesla Pauses Bond Sale. Stock Investors Don't Seem to Care.
robinmc : “entity” is the king.
JulianMackie : I think it is safe investment.