• normalexit@lemmy.world
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    1 year ago

    I have money in some standard retirement ETFs and quite a few include TSLA. It is so easy to indirectly send money his way even though I try to avoid it

    • br3d@lemmy.world
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      1 year ago

      Given Tesla stock is very clearly an overvalued bubble, you have to ask questions about how gullible those fund managers are…

      • Resolved3874@lemdro.id
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        1 year ago

        A lot of times the ETF won’t have a choice in what it buys. They just buy X amount of Y stock when it hits a certain level.

        • jarfil@lemmy.world
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          1 year ago

          And thus, the myth of “stock owners have anything to say” gets dispelled: you put money on a retirement fund, that buys ETFs, that buy TSLA, that does whatever Musk wants… and you can do nothing about it.

          “Vote with you wallet”, except someone took it from you 😖

          • Resolved3874@lemdro.id
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            1 year ago

            More like “you have it away” than then taking it from you. But otherwise yeah pretty much. You can take some splice in the fact that unless you have a whole lot invested in those ETFs you aren’t giving much to him.

            $SPY only has like a 2% stake in Tesla so for every dollar you put in $SPY Tesla only gets a couple pennies