If you are a passive investor you might want to read up on the goofy rules that are going to force massive purchases of SpaceX once it goes public for certain index funds. Great news if you own SpaceX now, not so great if you want to avoid anything Elon.
Timeline
Post
Remote status
Context
3
@paul there's nothing you can do about it really other than "not use index funds" and "not have a pension". By law they're going to be forced to re-balance the assets dump a HUGE amount of American's retirements into Space-X. It's such a blatant scam, especially as normally it would take much longer for this to happen but Elon's greasing the wheels in government and with NASDAQ, etc
@feld getting out of index funds (at least ones that are forced to buy it) seems like a pretty reasonable option to me, at least for retirement accounts.
@paul @feld MSCI World uses a free float market cap, so spacex will barely change the weights there
Also ETFs *try* to replicate given indexes and they usually have their own rebalance timings, so it will really depend on the provider if and when You'll have IPOed company in Your portfolio
I don't know how it looks on the USA-investor side, but in Europe it's not that bad if one's not invested directly in S&P or NASDAQ indexes
Replies
0Fetching replies…