I mean you choose your investments for your 401(k). Maybe it is time to learn about which funds you’re invested in and make sure they’re appropriate for your time horizon and risk tolerance.
It’s not like it’s stocks. It’s index funds and you can get a list of the funds offered. I don’t think I’ve ever seen an index fund that included SpaceX
I’m not even American and even I know that the level of corruption involved in the SpaceX IPO means that even people who want nothing to do with SpaceX had their investments tied up in SpaceX.
I mean you choose your investments for your 401(k). Maybe it is time to learn about which funds you’re invested in and make sure they’re appropriate for your time horizon and risk tolerance.
Hey you condescending asshole, they literally changed the rules to allow this into the indexes.
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401(k) is managed by the employer and you can only pick from the funds they have selected. That really doesn’t leave much choice for most people.
That’s why people should consider doing a rollover into IRA anytime they have a job change and not just rollover into the new employer’s 401(k).
It’s not like it’s stocks. It’s index funds and you can get a list of the funds offered. I don’t think I’ve ever seen an index fund that included SpaceX
Broad-market funds like the Vanguard Total Stock Market ETF (VTI) and the iShares Core S&P Total U.S. Stock Market ETF (ITOT) include SpaceX.
SpaceX was added to the Nasdaq-100, meaning funds that track it, such as the Invesco QQQ ETF, hold the stock.
Benchmarks like the Russell 1000 also hold SpaceX, automatically populating funds like the iShares Russell 1000 ETF (IWB)
https://www.investopedia.com/spacex-stock-joins-major-index-funds-what-regular-investors-need-to-know-spcx-ipo-vanguard-blackrock-vti-itot-12004764
I’m not even American and even I know that the level of corruption involved in the SpaceX IPO means that even people who want nothing to do with SpaceX had their investments tied up in SpaceX.