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WeWork, of all of the overvalued unicorns that exist today, will likely be hit the hardest during a recession. Just watch.
by mbesto 7y ago
WeWork, of all of the overvalued unicorns that exist today, will likely be hit the hardest during a recession.
Just watch.
- bitcoinmoney 7y agoHow do I protect my VTSAX investment if we work goes public and is included in the basket??
- gowld 7y agoBuy a complementary short position, or convert to a less total market index, or don't worry about it because it would be a miniscule portion of VTSAX.
- WrtCdEvrydy 7y agoVWUSX is the only one who has bought IPOs (Uber and Lyft) in the past. VTSAX usually only dips in technology for large companies.
- patio11 7y agoBy doing nothing because you will have less than a basis point of WeWork exposure.
- mbesto 7y agoThis. And they might not put it in the basket. IIRC there is talk that dual-ownership-stock co's are usually debated on whether they go in the basket for obvious (which, let's be honest, WeWork will do, cuz it's hip). Also, want some more downside protection but want to bet on the market? Check out Fidelity's contrafund.
- hudibras 7y agoThe whole point of VTSAX is that you don't have to worry about how well any one company does.
- laluser 7y agoThe whole point of owning something like VTSAX/VTI is that you're not overly exposed to any company. They currently own 3,607 different stocks.
- freewilly1040 7y agoI think their IPO will be dangerous for them... the myth of their inflated valuation will be gone, and they won’t be able to raise money.