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If S&P change their rules, I am going to sell my index funds, taxes be damned. Sadly, this is not the only trash that is going to be hoisted on us retirement i

If S&P change their rules, I am going to sell my index funds, taxes be damned. Sadly, this is not the only trash that is going to be hoisted on us retirement investors. OpenAI is waiting in the wings as well. I am sure I am not the only one. That doesn't seem like it will be good for the market.

Rover222 6mo ago
[flagged]
- kjkjadksj 6mo ago
  It is trash. They took one of the most successful private companies in the history of the world and made it baghold xAI.
  - Rover222 6mo ago
    At least it’s not Meta Llama
- kortilla 6mo ago
  I used to agree until the xAI acquisition. Now IPO buyers will be buying debt from a shit tier dumpster fire to get access to SpaceX.
- zemvpferreira 6mo ago
  You can praise the technological achievements while still thinking the underlying business is trash. Plenty of horrible companies have generated great advances, but your money in them before mine thank you very much.
wing-_-nuts 6mo ago
I'm invested in VTI, VXUS, and VT in various places, so I'm definitely going to be buying it whether I want to or not
- dweez 6mo ago
  If it's any consolation , VTI is free-float weighted so won't pick up very much SpaceX initially.
  - lokar 6mo ago
    I sent a note to my rep at Vanguard warning that they better not change the VTI rules to buy into this scam.
  - xhrpost 6mo ago
    VTI is market cap free-float weighted, as is VOO and SPY. So what ETFs would this IPO be an issue with if not these?
    - silotis 6mo ago
      So far only the Nasdaq-100 has gone along with SpaceX's special weighting chicanery. The biggest fund which tracks the Nasdaq-100 is QQQ. Suffice to say, if you have money in QQQ you should be re-considering that position.
kakflelajf74 6mo ago
I am considering the same. Of course this happens to be a bad time to sell with the Iran war. Maybe we finally found the real reason for the war (only 90% sarcastic).
- Hendrikto 6mo ago
  > Of course this happens to be a bad time to sell I mean… it is still up 63% over the last 5 years. It’s not a bad time at all.
SilverElfin 6mo ago
There were extensive discussions previously about passive investors being taken for a ride: https://news.ycombinator.com/item?id=47392550 https://news.ycombinator.com/item?id=47392550 And Michael Burry also wrote a long post about it: https://x.com/michaeljburry/status/2032483200404992209 https://x.com/michaeljburry/status/2032483200404992209 The question is what can we do about it? Nasdaq finalized these rule changes already. It seems like this got rammed through and now it is happening. And I don't expect Trump's corrupt SEC to do anything about it. Who else can we appeal to?
xhrpost 6mo ago
I still want to be long in the market so my initial thought is switching to equal weight funds.
- rendang 6mo ago
  If equal-weight funds got more popular, couldn't they end up distorting the price of the smaller-cap companies within an index
  - xhrpost 6mo ago
    It's a good point, maybe? Even the smallest market cap is $22B though, hard to say.

Rover222 6mo ago

[flagged]

kjkjadksj 6mo ago
It is trash. They took one of the most successful private companies in the history of the world and made it baghold xAI.
- Rover222 6mo ago
  At least it’s not Meta Llama
kortilla 6mo ago
I used to agree until the xAI acquisition. Now IPO buyers will be buying debt from a shit tier dumpster fire to get access to SpaceX.
zemvpferreira 6mo ago
You can praise the technological achievements while still thinking the underlying business is trash. Plenty of horrible companies have generated great advances, but your money in them before mine thank you very much.

wing-_-nuts 6mo ago

I'm invested in VTI, VXUS, and VT in various places, so I'm definitely going to be buying it whether I want to or not

dweez 6mo ago
If it's any consolation , VTI is free-float weighted so won't pick up very much SpaceX initially.
- lokar 6mo ago
  I sent a note to my rep at Vanguard warning that they better not change the VTI rules to buy into this scam.
- xhrpost 6mo ago
  VTI is market cap free-float weighted, as is VOO and SPY. So what ETFs would this IPO be an issue with if not these?
  - silotis 6mo ago
    So far only the Nasdaq-100 has gone along with SpaceX's special weighting chicanery. The biggest fund which tracks the Nasdaq-100 is QQQ. Suffice to say, if you have money in QQQ you should be re-considering that position.

kakflelajf74 6mo ago

I am considering the same. Of course this happens to be a bad time to sell with the Iran war. Maybe we finally found the real reason for the war (only 90% sarcastic).

Hendrikto 6mo ago
> Of course this happens to be a bad time to sell I mean… it is still up 63% over the last 5 years. It’s not a bad time at all.

SilverElfin 6mo ago

There were extensive discussions previously about passive investors being taken for a ride: https://news.ycombinator.com/item?id=47392550 https://news.ycombinator.com/item?id=47392550 And Michael Burry also wrote a long post about it: https://x.com/michaeljburry/status/2032483200404992209 https://x.com/michaeljburry/status/2032483200404992209 The question is what can we do about it? Nasdaq finalized these rule changes already. It seems like this got rammed through and now it is happening. And I don't expect Trump's corrupt SEC to do anything about it. Who else can we appeal to?

xhrpost 6mo ago

I still want to be long in the market so my initial thought is switching to equal weight funds.

rendang 6mo ago
If equal-weight funds got more popular, couldn't they end up distorting the price of the smaller-cap companies within an index
- xhrpost 6mo ago
  It's a good point, maybe? Even the smallest market cap is $22B though, hard to say.