Elon Musk last week eliminated Twitter’s “Days of Rest” and work from home policies — and pushed hard for a “24/7” work culture. Here Are 3 Other Investments The Billionaire Likes

Not just job losses: Elon Musk last week eliminated Twitter's

Not just job losses: Elon Musk last week eliminated Twitter’s “Days of Rest” and work from home policies — and pushed hard for a “24/7” work culture. Here Are 3 Other Investments The Billionaire Likes

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

Elon Musk has completed his takeover of Twitter, despite paying too much for the company. And now he’s finding ways to cut spending at the social media giant.

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

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

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

If you like what Musk is doing to improve efficiency at Twitter and reduce costs, unfortunately you can’t invest in it anymore. The company is now private.

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

cryptocurrency

Once considered a niche asset, cryptocurrency has now entered the mainstream. A CFA Institute survey earlier this year found that 94% of state and government retirement plans have invested in cryptocurrencies.

Of course, many investors learned about the volatility of cryptocurrencies the hard way from this year’s massive pullback. For example, Bitcoin, the largest cryptocurrency in the world, is down 56% so far in 2022.

Read more: Wealthy Young Americans Have Lost Confidence In The Stock Market – And Betting On These 3 Assets Instead

Musk has been one of the more vocal proponents of cryptocurrency.

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

There are plenty of platforms that allow you to invest in crypto. Only consider fees: Many exchanges charge up to 4% commission to buy and sell crypto only. But some investment apps charge 0%.

Property

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

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

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

As the price of raw materials and labor rises, new properties are more expensive to build. And that drives up the price of existing real estate.

Well-chosen real estate can offer more than just an inflation hedge. Investors also get a steady stream of rental income.

But you don’t have to be a landlord to start investing in real estate. There are plenty of real estate investment trusts (REITs) and crowdfunding platforms that can get you started on becoming a real estate tycoon.

Tesla (TSLA)

As a serial entrepreneur, Musk has created quite a few successful companies. But he is best known as the co-founder and CEO of EV maker Tesla.

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

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

And despite the stock’s decline, things are still moving in the right direction.

In the third quarter, Tesla shipped 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 ramped up 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 production in the same period a year ago.

Wall Street also sees upside in Tesla stocks. Morgan Stanley analyst Adam Jonas, for example, has an “overweight” rating for Tesla and a price target of $330 — about 51% above where the stock stands today.

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

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