The Rich & Powerful Will Eat Your Wealth ⚠️ In Broad Day Light
Elon Musk has been an innovator since a long time now. His contributions towards the innovation in companies like Tesla, SpaceX, Paypal are known to everyone on this planet (and beyond as he is now eyeing to venture away from earth) – in addition to that, being the richest person in the world brings more weight to whatever he says and discuss on public forums 📣.
The magnitude of power 💪🏻 that Elon Musk carry means he can easily misuse his influence for any gains either for himself or his businesses which can adversely impact the vulnerables who follow him.
With great power comes great responsibility
Spider Man
There is nothing we can take away from Elon for being innovative and providing us with technology which serves humanity for generations to come, however, by studying his behavior, we can study the pattern of how pump and dump works in finance 📈 world for our own safety and financial security.
Elon Musk has been charged upon by the US regulator for manipulating the stocks of Tesla in past. He apparently hinted on twitter that he will take Tesla private at a substantially higher amount per share which pumped the stock price significantly but the transaction didn’t happen [The tweet was also deleted later on.]
Similarly there has been many instances in last couple of years when he publicly shown support for a meme coin (Dogecoin)
He has been doing this very often now in one way or the other. Not only he comments on such investment option himself, but through his confidants too. Recently, one of the dogecoin proponent close to Elon also started tweeting and predicting dogecoin price to go on 🔺exponential levels.
The point here is to make sure of where you are investing your hard earned money 💵. If you want to gamble, it’s OK – however, you must know the complete picture. One need to understand that influential people 👨💼 might have the vested interest in selling or making you invest in certain product or service. It is your own duty to have the due diligence completed before investing your hard earned money into such schemes.
I do invest in specific stocks – but there is a rational behind it like for example here is the reason why I invest in apple stocks.
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I recently had a podcast on my YouTube channel specifically for crypto investment – watch it here.
Similarly there has been a lot of pump and dumps in past many years be it crypto, be it stocks, be it real estate or even the reputation of a company. If you are interested in learning about pump and dump in stocks – then “Wolf of the Wall Street” is a must watch 🛑
About Myself
I post 3 videos every week on my YouTube channel on the topics of productivity & personal finance specifically for expats & in general for wider Pakistani community. Besides this, I update this website / blog on weekly basis so do visit regularly for updates – To get value out of the content, please consider subscribing both the YouTube channel and the newsletter. WhatsApp for anything related to Dubai property ONLY: +971-50-3295805
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