Elon Musk is good at many things. He is the CEO of Tesla, the owner of Twitter and the chief engineer of SpaceX, which has an ambition to colonize Mars.
And now the billionaire is making headlines thanks to Neuralink, a company he founded to develop implantable brain-machine interfaces.
At Neuralink’s show-and-tell event on Tuesday, Musk showed a video of a monkey “telepathically typing” on a screen using a computer brain implant.
Musk says the company plans to conduct the first human trials of the coin-sized brain implant within the next six months.
“Obviously, we want to be extremely careful and make sure the device is going to work well before we put it in a person, but I think we’re submitting most of our paperwork to the FDA,” the serial entrepreneur said.
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In addition to the brain-computer interface, Musk revealed two other ambitions for Neuralink: restoring sight to the blind and “full body functions” for people with spinal cord amputations.
If these products can achieve their goals, it would surely be a miracle. But Neuralink is a private company, so it’s difficult for retail investors to be part of the journey.
But you can still invest alongside Elon Musk – here’s how.
Musk has built quite a successful business. But he is best known as the co-founder and CEO of EV maker Tesla.
According to Bloomberg, Musk’s biggest asset right now is Tesla equity.
While Tesla stock isn’t a hot commodity — shares are down a painful 51% year to date — it remains a behemoth in the auto industry. With a market value of about $600 billion, Tesla is several times bigger than Ford and General Motors.
And despite the stock drop, the 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). This amount increased by 42% year-on-year.
The company has also significantly increased its production. In Q3, it produced 365,923 EVs (19,935 Model S/X and 345,988 3/Y), up 54% year-over-year.
Wall Street is also seeing a rally in Tesla shares. For example, Morgan Stanley analyst Adam Jonas has an “overweight” rating on Tesla and a price target of $330 — about 71% above where the stock is today.
Once considered a niche asset, cryptocurrency has now entered the mainstream. A CFA Institute study earlier this year found 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 with this year’s massive pullback. For example, bitcoin, the world’s largest cryptocurrency, has fallen by 64% by 2022.
Read more: Wealthy young Americans have lost faith in the stock market and are betting on these assets instead. Enter now for long-term strong winds
Musk has been one of the more outspoken proponents of cryptocurrency.
“I still own Bitcoin, Ethereum or Doge fwiw and will not sell,” he tweeted earlier this year.
There are many platforms that allow you to invest in cryptocurrency. Just be aware of the fees: many exchanges charge up to 4% commission for buying and selling cryptocurrency. But some investment programs pay 0%.
In Musk’s tweet sharing his thoughts on cryptocurrency, he also discussed the importance of owning “physical things” in an inflationary environment.
“As a general rule of thumb, for those looking for advice on this topic, it’s better to own physical things like houses or stocks in companies you think are making good products than the dollar 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 10% over the past year.
As the cost of raw materials and labor increases, new properties become more expensive to build. And that increases the price of available real estate.
Properly selected properties can provide more than inflation. Investors also get constant rental income.
But you don’t need to own a home to start investing in real estate. There are many real estate investment trusts (REITs) as well as crowdfunding platforms that can help you get started in becoming a real estate mogul.
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This article provides information only and should not be construed as advice. Provided without any warranty.