Elon Musk scrapped Twitter’s “Days Off” and work-from-home policies last week – pushing hard for a “24/7” work culture.  Here are 3 other investments the billionaire likes

Elon Musk scrapped Twitter’s “Days Off” and work-from-home policies last week – pushing hard for a “24/7” work culture. Here are 3 other investments the billionaire likes

Not just job cuts: Elon Musk scrapped Twitter's

Not just job cuts: Elon Musk scrapped Twitter’s “Days Off” and work-from-home policies last week — pushing hard for a “24/7” work culture. Here are 3 other investments the billionaire likes

If you’re a Twitter employee who has a good work-life balance, you might not want to hear what the new boss has to say.

Elon Musk has completed his acquisition of Twitter, despite saying he overpaid for the company. And now, he’s finding ways to cut costs at the social media giant.

The billionaire entrepreneur cut nearly 3,700 jobs at Twitter, or half the workforce, via email last week.

Musk also scrapped Twitter’s “Days of Rest” — monthly days off for employees to rest and recharge — in his push to implement a “24/7” work culture.

Dont miss

In addition, Bloomberg reported that Musk plans to end the company’s telecommuting policy and ask remaining employees to return to the office full-time.

If you like what Musk is doing to improve efficiency and reduce costs at Twitter, unfortunately, you can no longer invest in it. The company is now privately held.

But you can still invest alongside Elon Musk — here’s how.

Cryptocurrency

Once considered a niche asset, cryptocurrencies have now entered the mainstream. A study by the CFA Institute earlier this year showed that 94% of state and government pension plans have invested in cryptocurrencies.

Of course, many investors learned about the volatility of cryptocurrencies the hard way through this year’s mass withdrawal. For example, bitcoin – the world’s largest cryptocurrency – has fallen 56% so far in 2022.

Read more: Rich young Americans have lost faith in the stock market — and are betting on these 3 assets instead

Musk has been one of the most outspoken proponents of cryptocurrencies.

“I still own and will not sell my Bitcoin, Ethereum or Doge fwiw,” he said in a tweet earlier this year.

There are many platforms that allow you to invest in crypto. Just be aware of the fees: many exchanges charge up to 4% in fees just for buying and selling crypto. However, some investment apps charge 0%.

Real estate

In the same tweet where Musk shared his take on crypto, he also discussed the importance of owning “physical things” in an inflationary environment.

“As a general rule, for those seeking advice from this thread, it’s generally better to own physical things like a house or shares in companies you think make good products, rather than dollars when inflation is high.”

Despite aggressive Fed rate hikes, real estate remains a popular asset. The S&P CoreLogic Case-Shiller 20-City Composite Home Price NSA is up 13% over the past year.

As the price of raw materials and labor increases, building new properties is more expensive. And that raises the price of existing real estate.

Well-chosen properties can provide more than just an inflation hedge. Investors can also earn a steady stream of rental income.

But you don’t have to be a homeowner to start investing in real estate. There are many real estate investment trusts (REITs) as well as crowdfunding platforms that can get you started on becoming a real estate tycoon.

Tesla (TSLA)

As a serial entrepreneur, Musk has built several successful businesses. But he is best known as the co-founder and CEO of electric vehicle maker Tesla.

According to Bloomberg, Musk’s biggest asset right now is Tesla’s equity.

While Tesla stock hasn’t been a hot commodity — shares are down a painful 45% year to date — it remains a behemoth in the auto industry. With a market capitalization of about $680 billion, Tesla is several times larger than Ford and General Motors combined.

And despite the stock slump, business is still headed in the right direction.

In the third quarter, Tesla delivered 343,830 EVs (18,672 Model S/X and 325,158 Model 3/Y). The amount represented a 42% year-on-year increase.

The company has also significantly increased its production. In the third quarter, it produced 365,923 EVs (19,935 Model S/X and 345,988 3/Y), or 54% more than its output in the year-ago period.

Wall Street is also bullish on Tesla shares. For example, Morgan Stanley analyst Adam Jonas has an “overweight” rating on Tesla and a price target of $330 — about 51% above where the stock sits today.

What to read next

This article provides information only and should not be construed as advice. Provided without warranty of any kind.

Leave a Reply

Your email address will not be published. Required fields are marked *