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Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

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Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#301

Post by Danox »

dragontamer wrote: post #265
mpalczewski wrote: post #248

Earlier quoted context omitted.

You can buy IVV instead and get the same exposure but this time you get to vote. Or you could just not own spy and buy the shares individually.

What 401k program do you or your peers have that allows you to buy funds outside of the few, selected by the 401k manager? I certainly can't buy individual shares in my 401k program. And very, very few programs I'm aware of ever offered that as an option.

You can transfer your 401(k) to an account that will allow you to buy individual shares I did that and bought as many shares as I could in a blue chip tech company. Glad I did because if I had stayed in one of those so called index (all for one) funds my rate of return would’ve been very, very small over the years.

The managers ofsuch funds are lazy and invest in multiple mediocre companies, most of whom produce mediocre returns for example investing in 10 tech companies when only two or three of the companies actually accomplish anything won’t help you in the long-term.

Investing in one or two really good tech companies over time allowed me to retire early.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#302

Post by Danox »

mpalczewski wrote: post #278
dragontamer wrote: post #265

Earlier quoted context omitted.

What 401k program do you or your peers have that allows you to buy funds outside of the few, selected by the 401k manager? I certainly can't buy individual shares in my 401k program. And very, very few programs I'm aware of ever offered that as an option.

they typically offer a brokerage option. fidelity and vanguard both offered this when I had them. if that wasn't on the table I'd roll it into something that gave me flexibility.

Yes Yes Yes…

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#303

Post by Danox »

StilesCrisis wrote: post #185
andsoitis wrote: post #142

Earlier quoted context omitted.

That’s an indictment on them. You should know where you’re putting your money and why. If you delegate this to a professional or influencer, you do not get to blame them. After all, you could just buy something you think you understand better like real estate or keep it in cash.

You don't get much of a say in how your retirement fund is invested.

You can, but you have to take it upon yourself most of investment companies handling such plans. Don’t like to volunteer that information.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#304

Post by Danox »

kelnos wrote: post #225
StilesCrisis wrote: post #185

Earlier quoted context omitted.

You don't get much of a say in how your retirement fund is invested.

How true is that these days? Sure, old-school pension funds are managed without any input from the future pensioners, but most 401ks (and similar) these days have a variety of investment options that the employee can choose from. Yes, there are some that have extremely limited options, but I'm not sure how common those are. And once you've left the company and roll those 401ks over into IRAs, you can put them at what…

You can roll it over into such a plan when you’re still working for the company you’re at, but you have to take it upon yourself to do so they don’t volunteer that information. Most of the people in my design department didn’t bother to roll it over to such an account they just kept it in the original account.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#305

Post by dragontamer »

andsoitis wrote: post #281
dragontamer wrote: post #250

Earlier quoted context omitted.

I'm not saying I like this turn of events. I'm saying it's how the world works. The majority of pension funds (public or private) and 401k plans are simply passive index funds with nearly no direct voting rights (and at best very limited, indirect voting rights).

> The majority of pension funds (public or private) and 401k plans are simply passive index funds That’s completely wrong. Most 401k plans have by far more active fund options than passive fund options. Notwithstanding, more and more dollars are tilting towards the passive index funds, i.e. through consumer choice. Where do you get your information from?

You do realize that passive funds have more money than active funds today, right?

https://finance.yahoo.com/news/passive-etfs-hit-tipping-poin...

Sometime last year, passive funds overtook active funds.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#306

Post by te_chris »

ballon_monkey wrote: post #217
georgeburdell wrote: post #67

Earlier quoted context omitted.

With the serious lapses in governance being made by founders with these special shares, such as Musk and Zuckerberg, I wonder if the shares without these special rights will be substantially discounted. What rights do these other shareholders retain that would keep them valuable? Rights to compensation in the case of bankruptcy?

Facebook would never have become what it is today if Zuck had lost control of the voting. It would have been sold 10 times over and prob not exist today. I suspect the same could be said for Mask and his businesses.

“What it is today”.

Oh, glad we managed to not miss out on the 2-sided ai slop panopticon

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#307

Post by tenuousemphasis »

piloto_ciego wrote: post #186
stevefan1999 wrote: post #165

Earlier quoted context omitted.

5. A gazillion amount of telemetry data and social media data to sell on the data broker market. That alone is enough to attract another billion dollar of potential investment consistently, especially for training data and intelligence...you know, selling to the Mossad or CIA. In a world of money, every bit you can earn, you have to earn, while I know it is immoral to sell the data for spying purposes, morality alone…

You’re right! And then they’re an inference provider too. All these come together with orbital data centers…

>All these come together with orbital data centers…

Only if you remain wilfully ignorant of thermodynamics.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#308

Post by andsoitis »

dragontamer wrote: post #305
andsoitis wrote: post #281

Earlier quoted context omitted.

> The majority of pension funds (public or private) and 401k plans are simply passive index funds That’s completely wrong. Most 401k plans have by far more active fund options than passive fund options. Notwithstanding, more and more dollars are tilting towards the passive index funds, i.e. through consumer choice. Where do you get your information from?

You do realize that passive funds have more money than active funds today, right? https://finance.yahoo.com/news/passive-etfs-hit-tipping-poin... Sometime last year, passive funds overtook active funds.

Re-read what I wrote.

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#309

Post by cromka »

adastra22 wrote: post #120
benoau wrote: post #114

Earlier quoted context omitted.

Presumably Starlink for routing throughout space. Google does under-sea cables and domestic internet access too.

They invested in SpaceX long before Starlink was a thibgy

How is that surprising? This is what investors do, don't they?

Re: Google Discloses $94.1B in SpaceX Stock, Marking 6% Stake

#310

Post by cromka »

adastra22 wrote: post #230
lkbm wrote: post #209

Earlier quoted context omitted.

Starlink wasn't working yet, but had been announced as a thing they intended to do.

Ehh, more like Starlink was a thing they said they'd do to justify the investment at the time. Just like they said they'd build an assembly line mass producing Falcon 1's for small launch market, or send a Starship full of artists around the Moon. The first prototypes were three years later.

What are you people arguing about here? This is exactly what is argued here, i.e. that Alphabet is like an investment fund? They had a hunch and it paid off, didn't they? I.e. you're making the point for the argument made?
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