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When Tesla entered the fortune 500 and my SPY stock bought it, I was enraged that someone could swindle their way into auto-buys. Genuinely not sure what to th

When Tesla entered the fortune 500 and my SPY stock bought it, I was enraged that someone could swindle their way into auto-buys. Genuinely not sure what to think of the stock market/index funds since that happened. I'd like to get some sort of compensation that is GREATER than my cost.

bingbingbing777 2y ago
How can you prove that damages were done to you?
- resource_waste 2y ago
  That is the solution to moral dilemmas? Require the (small) victim to provide sufficient evidence to beat the (big power) abuser. I mean, the idealistic founding fathers might have thought this is how the world will work, but look at reality: Where do you see little guys actually suing the big guys? The damage needs to be so tremendous that you can afford a lawyer to spend years on it. So anything less than 10 million dollars goes to the big power. The law says "No damages were done". Morally, damages were done to the masses and this billionaire got richer. Its an organization issue. The damages were done and EVERYONE knows.
yoran 2y ago
Seems far-fetched. No one is forcing you to buy an S&P 500 fund. And you could have sold your S&P 500 shares the day Tesla entered the index.
- resource_waste 2y ago
  Do we expect everyone and their grandmas to 'diversify investments without Tesla' and 'know what date Tesla entered the index'? The government incentivizes retirement and investment. I have plenty of that thing the government hates because it doesnt produce value, it just stores value. These bad actors have me thinking more and more about these non-producing assets that continue to grow because they are scare and necessary.
  - SmarsJerry 2y ago
    Short answer yes. If you invest in the S&P 500 you should know what you’re investing in.
wil421 2y ago
You could be like my buddy and change your 401k allocations to TSLA and some crypto indexes. He said he bought TSLA at a little less than $300. Hopefully he still has some in a target date fund.
infecto 2y ago
What do you mean not sure what to think? Index funds have to follow their prescribed rules. I am also fairly certain any losses you may have experienced would be minor.
- resource_waste 2y ago
  Right, there are also SEC rules. Elon broke a bunch and still got into the top 500 companies forcing everyone to buy. He broke the rules first. The indexes had to follow the rules.
  - infecto 2y ago
    TSLA is still #13 in the S&P500. Regardless of any judgements against Elon the market still is placing a value on the company.

bingbingbing777 2y ago

How can you prove that damages were done to you?

resource_waste 2y ago
That is the solution to moral dilemmas? Require the (small) victim to provide sufficient evidence to beat the (big power) abuser. I mean, the idealistic founding fathers might have thought this is how the world will work, but look at reality: Where do you see little guys actually suing the big guys? The damage needs to be so tremendous that you can afford a lawyer to spend years on it. So anything less than 10 million dollars goes to the big power. The law says "No damages were done". Morally, damages were done to the masses and this billionaire got richer. Its an organization issue. The damages were done and EVERYONE knows.

yoran 2y ago

Seems far-fetched. No one is forcing you to buy an S&P 500 fund. And you could have sold your S&P 500 shares the day Tesla entered the index.

resource_waste 2y ago
Do we expect everyone and their grandmas to 'diversify investments without Tesla' and 'know what date Tesla entered the index'? The government incentivizes retirement and investment. I have plenty of that thing the government hates because it doesnt produce value, it just stores value. These bad actors have me thinking more and more about these non-producing assets that continue to grow because they are scare and necessary.
- SmarsJerry 2y ago
  Short answer yes. If you invest in the S&P 500 you should know what you’re investing in.

wil421 2y ago

You could be like my buddy and change your 401k allocations to TSLA and some crypto indexes. He said he bought TSLA at a little less than $300. Hopefully he still has some in a target date fund.

infecto 2y ago

What do you mean not sure what to think? Index funds have to follow their prescribed rules. I am also fairly certain any losses you may have experienced would be minor.

resource_waste 2y ago
Right, there are also SEC rules. Elon broke a bunch and still got into the top 500 companies forcing everyone to buy. He broke the rules first. The indexes had to follow the rules.
- infecto 2y ago
  TSLA is still #13 in the S&P500. Regardless of any judgements against Elon the market still is placing a value on the company.