3 ms·
Two things I learned in this article: 1. Garage 2. Buy SpaceX on Day 1.
by readthenotes1 7mo ago
Two things I learned in this article:
1. Garage
2. Buy SpaceX on Day 1.
- zug_zug 7mo agoI learned: sell all my Nasdaq etfs prior to June.
- tartoran 7mo agoThe problem is that it's very hard to avoid if you have a pension plan, and millions of Americans will subsidize Elon Musk without knowing. This is really messed up.
- MPSimmons 7mo agoHonestly, they're probably subsidizing Elon already via Tesla, but the super disturbing part here is what the author nails when he says the tail is wagging the dog. Indices should reflect market investment, they shouldn't drive it like this.
- bagacrap 7mo agoWhat pension plan invests in QQQ specifically? And "pension" in the US usually implies defined-benefits, meaning you don't actually care what it invests in. If you're talking about defined-contribution retirement plans like 401k, you are very unlikely to be invested in QQQ without consciously making that decision on your own.
- Groxx 7mo agoGarage -> Gavage?
- tartoran 7mo agoYes, probably a typo. gavage American [guh-vahzh, ga-vazh] / gəˈvɑʒ, gaˈvaʒ / forced feeding, as by a flexible tube and a force pump.