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readthenotes1 13 hours ago

Two things I learned in this article:

1. Garage 2. Buy SpaceX on Day 1.

zug_zug 13 hours ago | parent | next [-]

I learned: sell all my Nasdaq etfs prior to June.

tartoran 13 hours ago | parent [-]

The problem is that it's very hard to avoid if you have a pension plan, and millions of Americans will subsidize Elon Musk without knowing. This is really messed up.

bagacrap 9 hours ago | parent | next [-]

What pension plan invests in QQQ specifically?

And "pension" in the US usually implies defined-benefits, meaning you don't actually care what it invests in. If you're talking about defined-contribution retirement plans like 401k, you are very unlikely to be invested in QQQ without consciously making that decision on your own.

MPSimmons 9 hours ago | parent | prev [-]

Honestly, they're probably subsidizing Elon already via Tesla, but the super disturbing part here is what the author nails when he says the tail is wagging the dog. Indices should reflect market investment, they shouldn't drive it like this.

Groxx 13 hours ago | parent | prev [-]

Garage -> Gavage?

tartoran 13 hours ago | parent [-]

Yes, probably a typo.

gavage American [guh-vahzh, ga-vazh] / gəˈvɑʒ, gaˈvaʒ /

forced feeding, as by a flexible tube and a force pump.