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.
That’s the thing with americans and capitalist in general. You can’t claim moral highground when your savings are tied to how much fighter jet lockheed martin is selling this year. You’re just an asshole
You can buy a share or two of TSLQ to hedge against TSLA while still holding your index funds
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.
For now…
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
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
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.
If this bothers you, you can short an amount equivalent to your index fund’s holding. But you’d have to track and maintain parity against the proportional allocation of the index fund as Tesla’s market cap changed and you invested more into the index.
I’m not sure that works. I was under the impression that shorts were fixed-term contracts and the index funds holdings are longs.
You can’t “borrow” somebody’s long and sell it and then just… not return it. You are also (IIRC) paying a premium to be able to borrow the stock to sell.
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
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?
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
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.
For now anyhow…
One of the reasons I prefer something like the Russell 2000
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