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"every single person with a retirement account, or student savings account, or mutual fund, will be forced - not asked, not suggested - required by law, to buy
by profsummergig 4mo ago
"every single person with a retirement account, or student savings account, or mutual fund, will be forced - not asked, not suggested - required by law, to buy SpaceX stock."
Anyone know what she means here? Does she mean this happens to those who will buy index funds? If so, nobody's being forced to buy an index fund. It's a choice made by the retirement account company.
- TurdF3rguson 4mo agoIt's definitely possible to have no say, for example of how your pension is managed. This person is exaggerating for effect though.
- fmajid 4mo agoThat people who I have part of their retirement invested in NASDAQ index funds will buy SpaceX's grossly overpriced stock unless they explicitly sell their fund and buy one built on a more principled index like S&P 500, but that incurs a tax liability unless its in an IRA.