Title. It occurred to me that despite not wanting to support musk or some other American businesses because of their recent change in policies, I’m still holding a stake in those companies.
Most people have money in the SP500 through their 401(k), sadly.
Yes, that is how index funds work. Tesla is apart of the index so you indirectly own shares in every S&P500.
You also have indirect shares in a host of other dodgy companies like Google, Meta, Amazon, Coco Cola, McDonalds, Pepsi, Disney
A longer way of saying what OP said.
Yes, that’s is how addendums work. They elaborate on what has been said to repeat what was said in a more complete manner, sometimes with examples.
Basically just defining addendums here
If it wasn’t obvious I was trying to make a joke by imitating the tempo and the content of what the first comment said, but about addendums.
Not sure if the joke was conveyed correctly.
Yup, that’s how jokes work. Sometimes the best ones are too subtle for many to identify as a joke and the humor is tragically lost on them.
A lengthier way of saying what OP said.
If it makes you feel better, you probably also hold a stake in their direct competition.
Didn’t know that you could own stock in antifa and Luigi Mangione
I’m sure there will be a Luigi coin any day now dont worry
There’s been once since last year
For now anyhow…
And also in the oil giants, which are far worse for the world than Tesla.
I’m going to have to disagree with you there. I might have agreed with you during the last American presidency, but at this point Tesla is a catalyst for fascism.
If you’d like to hold a large cap blend that doesn’t include Tesla, you might like VTV (Vanguard Large Cap Value ETF). I didn’t see Tesla listed in it and I really doubt it’s any of the 339 companies it holds.
tesla go to the moon u pors wont
Sometimes you have to play the game even if you don’t like it.
“You gotta do what you gotta do”, says the person tipping his hangman.
“I knew I could vote for the mice, but the cat had the cheese”, says the mouse.
I’m too tired to manually index the s&p 499.
Or look for alternative index funds, apparently.
If this bothers you, you can short an amount equivalent to your index fund’s holding. But you’d have to track and maintain parity against the proportional allocation of the index fund as Tesla’s market cap changed and you invested more into the index.
Removed by mod
I’m fine with that, if Tesla keeps sinking the S&P will have to drop it from the index.
one of the reasons isn’t tanking faster, comes bundled up in many institutional accounts, retirement accounts, etc
In other words, is an integral part of our society that we’ve all collectively invested a lot of money into, for a lot of benefit.
Almost as if the cars have value beyond a status symbol or signal of political allegiance.
You can buy a share or two of TSLQ to hedge against TSLA while still holding your index funds
