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People confuse pension funds with index funds. Index funds will buy SpaceX once it is added to the index.
by HWR_14 4mo ago
People confuse pension funds with index funds. Index funds will buy SpaceX once it is added to the index.
- bluGill 4mo agoA lot of people in the US only have a 401k which is their pension for this discussion (there are very important differences, but for this discussion we can ignore them). In their 401k an index fund is almost always your best investment, so you should be concerned with anything that makes an index fund a worse investment since it harms you. Pensions have strong and weird investment rules, and you have no control over what they do other than law. This makes them generally a worse investment (but if you live longer than average they are great anyway) so a 401k is better for most.