I'm fine with that, if Tesla keeps sinking the S&P will have to drop it from the index.
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.
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
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.
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
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
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.
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
You can buy a share or two of TSLQ to hedge against TSLA while still holding your index funds
Most people have money in the SP500 through their 401(k), sadly.
For now....
one of the reasons isn't tanking faster, comes bundled up in many institutional accounts, retirement accounts, etc
Sometimes you have to play the game even if you don't like it.
Shorts over the last month would have been profitable
"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.
I dont think I have to but its surely to my benefit. Classic case of greed vs values
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.
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
A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The most popular seem to be lighthearted clever little truths, hidden in daily life.
Here are some examples to inspire your own showerthoughts:
If you made it this far, showerthoughts is accepting new mods. This community is generally tame so its not a lot of work, but having a few more mods would help reports get addressed a little sooner.
Whats it like to be a mod? Reports just show up as messages in your Lemmy inbox, and if a different mod has already addressed the report, the message goes away and you never worry about it.