Americans express unease over SpaceX's influence on retirement savings
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Re: Americans express unease over SpaceX's influence on retirement savings
#2Everybody is upset about the rule change, but to be honest, they would’ve just ended up in the same position a few months later. Elon has kept Tesla’s market cap at 5-10x what any reasonable investor would think it should be for the better part of a decade. It’s not like SpaceX is going to tank in the next 3 months and they’ll be left holding the bag. It’s not like it wasn’t going to end up in every index in a year.
And to be clear, I’m not saying it’s a good thing. I just don’t think it matters so much.
Re: Americans express unease over SpaceX's influence on retirement savings
#3What exactly can an individual do? For many their accounts have limited fund choices and if you don't want to pay high ER for fund manager's pedicures then you end up on an index, which (S&P500 excluded) have now bent the knee. Mine are on russel indexes so I have no choice.
Short spacex is the only answer I've heard but I'm wise enough to know I don't have the mentality for derivatives.
Re: Americans express unease over SpaceX's influence on retirement savings
#4What exactly can an individual do? For many their accounts have limited fund choices and if you don't want to pay high ER for fund manager's pedicures then you end up on an index, which (S&P500 excluded) have now bent the knee. Mine are on russel indexes so I have no choice. Short spacex is the only answer I've heard but I'm wise enough to know I don't have the mentality for derivatives.
The vast majority of American employees are not maxing out every tax advantaged retirement account instrument, and putting everything in a 401(k) past the employer match level is not advisable exactly because of the limited investment choices.
Re: Americans express unease over SpaceX's influence on retirement savings
#5What exactly can an individual do? For many their accounts have limited fund choices and if you don't want to pay high ER for fund manager's pedicures then you end up on an index, which (S&P500 excluded) have now bent the knee. Mine are on russel indexes so I have no choice. Short spacex is the only answer I've heard but I'm wise enough to know I don't have the mentality for derivatives.
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Re: Americans express unease over SpaceX's influence on retirement savings
#6This isn't investment advice etc etc but there are many options that can capture large sections of the stock market without being exposed to the tech bubble (assuming there is one).
Many people say you should stay invested in the SP500 anyway and I won't argue against that. But funds like VTV, DGRO, VIG, SCHD etc don't have the same level of exposure to tech, as well as international funds like VEA. Many 401ks allow you to invest in them through brokerage "link" options. Of course, do your research or talk to a pro before considering these.
Re: Americans express unease over SpaceX's influence on retirement savings
#7Everybody is upset about the rule change, but to be honest, they would’ve just ended up in the same position a few months later. Elon has kept Tesla’s market cap at 5-10x what any reasonable investor would think it should be for the better part of a decade. It’s not like SpaceX is going to tank in the next 3 months and they’ll be left holding the bag. It’s not like it wasn’t going to end up in every index in a year.…
Without rapid purchasing by indexes SpaceX’s stock would likely to tank as ever more people would be able to sell over the first year.
It’s a 24 year old company with a current high flying stock price based on very questionable numbers.
Re: Americans express unease over SpaceX's influence on retirement savings
#8Everybody is upset about the rule change, but to be honest, they would’ve just ended up in the same position a few months later. Elon has kept Tesla’s market cap at 5-10x what any reasonable investor would think it should be for the better part of a decade. It’s not like SpaceX is going to tank in the next 3 months and they’ll be left holding the bag. It’s not like it wasn’t going to end up in every index in a year.…
Depends, they've gone to pains to ensure the indexes will buy as share lockups end. It's dodgy no matter how you look at.
The one saving grace is s&p isnt changing anything, and they were by far the biggest index.
Re: Americans express unease over SpaceX's influence on retirement savings
#9What exactly can an individual do? For many their accounts have limited fund choices and if you don't want to pay high ER for fund manager's pedicures then you end up on an index, which (S&P500 excluded) have now bent the knee. Mine are on russel indexes so I have no choice. Short spacex is the only answer I've heard but I'm wise enough to know I don't have the mentality for derivatives.
The vast majority of American employees are not maxing out every tax advantaged retirement account instrument, and putting everything in a 401(k) past the employer match level is not advisable exactly because of the limited investment choices.
except if you self-employed. I have maxed the shit out of my 401k (i401k, self-managed) and after 3 decade career have more saved than I can spend in 8 lifetimes
Re: Americans express unease over SpaceX's influence on retirement savings
#10Everybody is upset about the rule change, but to be honest, they would’ve just ended up in the same position a few months later. Elon has kept Tesla’s market cap at 5-10x what any reasonable investor would think it should be for the better part of a decade. It’s not like SpaceX is going to tank in the next 3 months and they’ll be left holding the bag. It’s not like it wasn’t going to end up in every index in a year.…
China enters the chat https://spacenews.com/china-conducts-4-launches-in-3-days-bu...