Remember that old EF Hutton commercial?
“When EF Hutton talks… everybody listens.”
It was a great commercial – and the marketing company that came up with that slogan was worth every penny…
Because while not many people talk about EF Hutton these days – they sure remember that slogan.
It gets used all the time…
And I’m using it today to talk about Elon Musk – because the when the world’s richest man gives investment advice – it’s probably a smart idea to listen, as if there’s anybody who may have a handle on investing, it’s Elon.
What did he say?
What was the nugget of wisdom that he shared?
Well, you’ll have to keep reading to find out!
Before we get into what Elon said…
Can you imagine being the world’s richest man?
I certainly can’t…
Seriously, I enjoy my leisure time way too much for me to hold that mantle. For the Gorilla – it’s all about work/life balance – and I simply don’t have the drive it takes to strive for such lofty heights.
Sure, I love the finer things in life…
Nice dinners, a comfortable yet spacious home, a high-performance engine purring every time I push the gas – but the amount of commitment and time it takes to be Elon Musk is simply too much.
I’m find being a millionaire – I don’t need to change that “m” to a “b”…
At least not anymore. I’m completely fine being comfortable. I don’t need all the trapping of that life to feel successful.
Right now, I’ve got an ideal situation: I’m a two-minute drive from the beach, a beautiful wife, children, and even a new grandchild by my side…
What more could any other Gorilla ask for?
However, while I don’t have aspirations to become a billionaire – I do make sure that my family won’t have to worry about money for a LONG, long time…
So, I make sure that my money is working FOR me… not me working for my money – which Elon has become a master.
What he’s been able to do during his relatively few years in business is nothing short of amazing.
The man is ALWAYS working – he’s admitted that his mind doesn’t shut off – so, when he throws out what SEEMS to be arbitrary investment advice…
It’s a good idea to pay attention. Recently, Musk tweeted:
“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 Blockchain part aside – do you here what he’s saying?
“Own physical things…”
That’s the part that stood out to me. The part where he talked about owning stock in companies you think make good products.
He’s right, by the way. Inflation IS high…
That means our dollars are worth less, so it makes sense to own things that will GAIN value over time rather than losing it.
But notice how he didn’t say “companies that make good software or have good ideas.” He said, “companies that you think make good products” – and there’s a reason for that.
In times of economic uncertainty, asset-based investments are more stable and see more increases than high-growth speculative stocks – like much of the tech industry presents.
You would think that the world would understand that we’re up against an economic downturn – but there are a lot of people still holding on to the hope that this is just a temporary blip on the radar. These people think we’ll be back on track soon as Putin is done attacking Ukraine.
However, these people seem to forget the impact that the war in Ukraine will have on our economy will last a lot longer than they think – and those that understand this have already started making the moves necessary to both survive and THRIVE when the last bomb hits…
Asset-based stocks are the better bet–and with the Fed raising rates now, it’s a bet that you could almost take to the bank.
That’s why we need be nimble as investors…
We need to be able to shift our strategy – which is what makes GorillaTrades perfect for ANY economic season.
The recommendations that we put out aren’t revealed through guess work, gut feeling or rumor – it’s all data driven and based off actual financials – which is why we’ve become so respected in our industry.
We continue to give our subscribers access to recommendations that have the potential to grow in ANY economic climate – and we do so with numbers and data.
It makes it easy…
Which is why I’d love to have you on board for the next round of picks – but understand if you’d rather take your own path – just know we’re here for you if you need us.
Do yourself a favor, though – focus on assets, not high-growth prospects for the time being…
It may be what helps you thrive and survive in 2022.
“I think that’s the single best piece of advice: constantly think about how you could be doing things better and questioning yourself.” – Elon Musk