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.
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.
Basically just defining addendums here
If it wasn’t obvious I was trying to make a joke by imitating the tempo and the content of what the first comment said, but about addendums.
Not sure if the joke was conveyed correctly.
Yup, that’s how jokes work. Sometimes the best ones are too subtle for many to identify as a joke and the humor is tragically lost on them.
A lengthier way of saying what OP said.
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
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.
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.
Sometimes you have to play the game even if you don’t like it.
“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.
You can buy a share or two of TSLQ to hedge against TSLA while still holding your index funds
