3 ms·

Contrary to (apparently) popular opinion, index funds are not people.

• moomin 3mo ago
  No, they're just owned by people. Most of whom aren't billionaires.
• rmunn 3mo ago
  Correct. Index funds are owned by people. For example, I have invested a large chunk of my retirement savings in an S&P 500 indexed fund (as many, many other people do). Whatever stocks the S&P 500 list, are what I end up owning; if I don't want to own one of those, I have to either roll that money into a different fund (which IIRC has limits, can't do that too often without tax consequences) or take the money out (and pay a tax penalty for withdrawing it before retirement). So whether the index funds do or don't buy a certain stock has direct implications for real, non-millionaire, people.
• stackghost 3mo ago
  This is such a weird response because nothing about index fund inclusion rules has anything to do with whether or not a fund is a person. Complete non sequitur. Can you explain what you mean? Did you accidentally reply to the wrong comment?
  • tjwebbnorfolk 3mo ago
    No you're confusing where agency lies. The Nasdaq 100 is just a fund. Its existence doesn't force you or anyone else to do anything. People can choose to buy stocks, and people can choose to buy the Nasdaq 100. Or not. Nobody is making you.
    • stackghost 3mo ago
      >No you're confusing where agency lies. I assure you I am not. >The Nasdaq 100 is just a fund. Its existence doesn't force you or anyone else to do anything. People can choose to buy stocks, and people can choose to buy the Nasdaq 100. Or not. Nobody is making you. This is irrelevant. QQQ is the one that's forced to buy all the constituents of the index, including SpaceX. This has been pointed out to you several times, but you seem unwilling to accept that fact.