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.
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
It’s oddly shaped like a cartridge
Well to buy Luigicoin, its really simple: You go to a 50501 Protest, you give in your community, you join a community network, and you try to reduce your business with Amazon and other companies helping Trump.
A lot of their direct competition is not in the S&P 500 because they are not American companies. Hyundai, Volkswagen, Toyota, Nissan, BYD, etc. American automakers let the EV market languish so long that they are only now becoming legitimate competitors in that space
VXUS might be a viable avenue to support Tesla’s competition.
Yep, or any other etf or fund that tracks an ex US index, if folks don’t want to give their money/share votes to Vanguard. I’m unfortunately not well versed in brokerages outside the US, so no fund suggestions, but VXUS tracks the FTSE Global All Cap Ex US index, MSCI also has a World ex US index, it shouldn’t be too hard to find an ex US index tracking fund at a reputable brokerage of your choice
A lot of their direct competition is not in the S&P 500 because they are not American companies.
Lots of foreign companies are traded on American stock exchanges. Even one you cited as examples. Toyota is on the Nasdaq. Honda is as well.
I’m fine with that, if Tesla keeps sinking the S&P will have to drop it from the index.
Most people have money in the SP500 through their 401(k), sadly.
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.
So you’re saying a price-to-earnings ratio of ~90x over the last five years is a reasonable valuation… when their competitors are historically closer to… 6x?
an integral part of our society
It’s an overvalued meme stonk pushed by Tim Urban’s 2015 Musk propaganda pieces and WSB, supercharged by Twitter Muskapades during the very strange COVID-induced market wildfires.
The price is fueled by retail gambling, with the cult of personality and [false] idealism of the company lending it stamina that finally seems to be ailing.
Tesla’s stratospheric P/E ratio is ridiculous.
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.
Edit: I just traded all my retirement shares of VTI for VTV. Fuck Tesla. And Facebook. And Amazon.
Sometimes you have to play the game even if you don’t like it.
I dont think I have to but its surely to my benefit. Classic case of greed vs values
“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.
Or start your own. I mean this entire thread is just reeking of obvious demand for a very easy to administer mutual fund
Shorts over the last month would have been profitable
For now…
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.
Why is the car company the catalyst? I’m seriously asking, not trolling. Is the boring company and space x also?
The vast majority of Musk’s wealth is in the form of Tesla stock.
It’s a major supporter for Musk, allowing him to fund things via loans against stock. Not sure how much SpaceX pays Musk (I don’t think it’s a public company?)
I don’t know much about boring
You can buy a share or two of TSLQ to hedge against TSLA while still holding your index funds
For now anyhow…
American is kind of a central point for the market. Sure there are plenty of non American exchanges but if you want to do business with the “big boys” it is in New York.
One of the reasons I prefer something like the Russell 2000
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