Elon basically gaslighted retail investors, and managers for your retirement funds, into transferring wealth directly to Elon Musk.
Other index funds were forced to buy SpaceX at the IPO price. They literally had no choice, even if they knew they’d lose money. And this includes any overseas ones with exposure to US indices.
This is not something to celebrate. We all just got conned, even if you didn’t buy SpaceX directly.
I pulled my retirement funds from the market over a year ago when the market was clearly detatching from reality. They are in a cash account earning modest interest for now.
Jokes on you, I nor any of the people I know, have a retirement fund lmao. This will overwhelmingly hit boomers and upper middle class yuppies in corporate jobs, and tbh fuck em both. If you work for a corporation and chose to be a stooge, you’re also part of the problem.
I dunno why yall are celebrating this.
Elon basically gaslighted retail investors, and managers for your retirement funds, into transferring wealth directly to Elon Musk.
Other index funds were forced to buy SpaceX at the IPO price. They literally had no choice, even if they knew they’d lose money. And this includes any overseas ones with exposure to US indices.
This is not something to celebrate. We all just got conned, even if you didn’t buy SpaceX directly.
I pulled my retirement funds from the market over a year ago when the market was clearly detatching from reality. They are in a cash account earning modest interest for now.
I don’t let fools in a stupor play with my money.
Yeah, I mean you’re preaching to the choir here.
I’m in individual stocks (that I think are sane) or assets everywhere I can be.
Jokes on you, I nor any of the people I know, have a retirement fund lmao. This will overwhelmingly hit boomers and upper middle class yuppies in corporate jobs, and tbh fuck em both. If you work for a corporation and chose to be a stooge, you’re also part of the problem.
This whole comment screams projection to me. Having a retirement fund is fairly normal, even if you aren’t making the most money in the world.