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That sounds like someone takes their fiduciary responsibility seriously. Good job.
Americans with 401k are about to get screwed when this IPOs. They’re wanting to change the index rules. That means every index will have to include this rotten piece of shit. Most 401ks would be affected.
The rule changes include changing how long after an IPO a stock can be included in an index fund Right now it’s a year. They want it to be weeks.
This makes me feel better about exchanging all US index funds in my 401k into International index funds. I may regret this because markets can be irrational for a long time, but it certainly feels like the US is circling the drain. The fallout will impact International of course, but what else is there to invest in?
I’m happy for you. Sadly, my employer retirement plan does not allow me to select my investments. Only target date funds which track the total world stock market. At least it’s diversified.
You can go for an equal weight s&p to avoid the oversized influence of the mag 7 and the other oversized bubble stocks.
Teachers PF won't touch this IPO with a 12m pole.
I don’t know how the teachers funds work. But if they invest in index funds they’ll be affected.
It depends if they invest it in funds that track the Nasdaq directly. If they do, yes then they’ll get dragged in for a fast pump and dump.
Now do Tesla please.
Good!
That’s because it bloody is.
They’ve got one business unit making money (and to be fair, that business unit is making crazy margins) - Starlink - and one business that could be profitable if it turn down the starship R&D. But it’s so crazily leaning into “AI in space” for its insane multiples - and leaning in to achieving a dominant position there, when both China, Japan and other US companies are prepping reusable launch vehicles.
I wouldn’t touch it with a barge pole and if I could blacklist it in my passive fund I would. That said mine follows the FTSE Russel Global index, which only rebalances every 6 months and with much stricter requirements than the fast-follow Nasdaq funds, so by the time any passive investment of mine jumps on SpaceX its real value will be much more apparent.
You forgot about the absolute piece of shit log that they threw in there containing Xitter just to burn off the profits.
When the crash finally comes, whoever goes all in on short sells in Tesla, Palantir, and SpaceX will be so fucking rich.
Based.
Oh, this could be fun. I mean, the entire market is about to collapse when AI companies can't deliver and this might be the first card to fall.
Me, looking around at every other company in existence: uhh... guys...
Theres overvalued with catastrophic governance, and then there's everything Elon Musk is attached to. For example, Tesla is valued at 1.6 trillion - more than the next 29 car companies combined - and recently agreed an almost 1 trillion pay package which would be something like $130 000 per every Tesla ever sold.
It's made up value so he can borrow against it. You dont pay taxes on borrowed money.
No salary, and the stock value is contingent on the company meeting some ambitious goals over 10 years.
Unfortunately the article doesn’t say what happens if they don’t nor is it comparing to anything: are those goals as ambitious as they look when we’re talking 10 years? I don’t know
If you argue that musk’s talent is a reality distortion field creating bubbles, it has historically panned out pretty well. The original Tesla bubble was the reason they were able to grow fast enough to be where they are today
…. Personally I’m skeptical of most ai businesses surviving when that bubble pops, and I’m very skeptical of their being a market for a million humanoid robots that cost as much as a car