To the people who are telling others "don't worry about your 401(k) because SpaceX is only going to be just 1% of your holdings"

Luckily I do s&p and they didn't get pushed over

Silence bot

That’s true for the S&P 500 also. They have guidelines but still have to vote on each company added or removed. Tesla wasn’t added for years after meeting the criteria.

Yep. I’m glad they stuck to their waiting period and profitability rules, unlike Nasdaq who bent over for the cash grab.

Who has a 401k with QQQ in it? I want that unicorn plan.

What you should be worried about is how the government will bail out the stock market with tax payer money when it tanks. Id rather be on the side getting bailed out.

Then buy a different fund with a different rule set. Just because you’re passively investing doesn’t mean you can’t ever reorganize your portfolio

Can’t fix stupid…

Well, actually you can. With education. But we’ve systematically defunded that, so…

Screw both parties. Get rid of all of them. Start fresh.

It’s getting to the point where actual revolution would be the only viable option.

But to your point: you don’t necessarily have to \cut\ spending, you need to \reallocate it.\ Public isn’t inherently bad if you’re investing in the right things that enable a prosperous population. The way we’ve been doing it has been to invest in making the rich richer at the expense of everyone else.

Lower egg and gas voters who just really did not like her laugh and idea of new wars be like: “well we ain’t got shit in our 401k and have negative equity on our homes and cars broda, fuck you too I suppose”

You’re right, but I also said it started with Reagan and never mentioned anything about party, so we’re in agreement here

So our deficit is 2 trillion and the top 10% have 4 trillion available to tax? We don’t even need to go for the top 20%? Incredible news, thanks for your help. Who would have thought the deficit would be so easy to solve.

Im almost 40. My kid is 2. Ideally I would have a 9/11 year old but infertility sucks. Most millennials I know, and definitely everyone my age I went to school with, has children 6 and under.

I literally only know 1 millennial with an older kid, 16, because bad life choices and all that.

I don't think that determining an index's components should fall under the SEC's supervision.

Is spacex grossly overvalued and does it suck to ETF holders who are not part of The Cult? Yes. But minute rules such as 'should the company make a profit before being integrated to nasdaq-100' should definitely not fall under SEC supervision.

Once the SEC greenlight a listing and therefore there's a reasonable assumption that the company is not an absolute scam , index committees should have a broad discretionary power in determining the components of their index. Except for cases where there's a blatant deviation from the index stated goal (like including a rocket company in a pharmaceutical index). But including an overvalued space / ai / telecom company in the Nasdaq is not a gross deviation from the Nasdaq-100 stated goals.

The vast majority of “bureaucrats” are just civil servants doing a job to make sure the country runs. They’re average people going to work and doing a job created through the process of law. They’re not trying to remake the government to their own personal agenda.

Elon was a political appointee who seized power he by no right had. No law created his position or delegated him with authority. By all means, lick Elon’s boot.

There were plenty of “modern” tech companies back then (within the context of the era). For example, we were well into chips at that point for a decade or more, big giant established firms. The web/internet was just the newest shiny object in tech, much like Ai is today. Setting aside things like actual revenue and profits for a sec, I’m sure this will play out similarly from the perspective of this being real tech with real value and there’s going to be a few real companies that become the leaders, etc. But it’s also just as likely the initial valuations come down to reality eventually, and that all sorts of, other firms disappear or get consolidated and there will be lots of pain until it stabilizes into something more like an ongoing tech (becomes “modern”, widely adopted, integrated everywhere).

First they came for the 1%, and I said nothing because I only had 99% left.

Then they came for the next 1%… and another… and another…

Passive index investing used to be 'own the market.' Now it's 'own the VC exit

It’ll actually be less than 1% because of this little thing called float…

It’s going to be zero in the S&P 500 until it has four successive quarters of profit. Even SapceX says that won’t be before 2030. So you’re half a decade away from any exposure in your s&p500 funds.

Nasdaq, however, changed their rules. There you will be FULLY exposed in under 15 days.

If you didn’t live through it, go back and look at 1999/2000. The Nasdaq index lost over two thirds of its value and wiped people out for decades. The s&p did far, far better. All those losing dotcoms were in the Nasdaq, but not the 500

jesus. following this stuff from the outside is pretty jarring.

Your submission was automatically removed because it contains a keyword not suitable for /r/investing. Common slang prevalent on meme subreddits, low effort platitudes, or derogatory political slang are not appropriate here. I am a bot and sometimes not the smartest so if you feel your comment was removed in error please message the moderators.

I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/investing) if you have any questions or concerns.

Yeah, I've seen that first blog post. He dismisses that solar's better in space than on the ground, which is kind of insane. Anyone who's run a solar array on the ground can tell you that

you don't lose that much power through the atmosphere, so intuition about the area needed transfers pretty well

is nonsense. On the best days, you don't lose much, but you're trying to run your GPUs non-stop, and on a cloudy day, you can lose 80-90% of your power generation. During the winter, the days are short, and you can have cloudy weeks on end. There's no way to include enough batteries to overcome that, so you need to deploy many times the amount of solar. Also, nighttime.

The focus on radiators is also a bit strange, ISS had to keep humans alive, these things can run at 85 C. You can make the radiators like 1/3 the size of the solar array. It's not the driving factor.

The whole ballgame is whether SpaceX can get starship per kg launch costs low enough to make it viable.