▲ 752 ▼ SpaceX stock drops to a new low and loses $1 trillion in value in a month (www.businessinsider.com) submitted 1 month ago by sanitation@lemmy.today to c/technology@lemmy.world 137 comments fedilink hide all child comments
[–] Eheran@lemmy.world 2 points 1 month ago (6 children) ? permalink fedilink source parent hideshow 6 child comments replies: [–] naught101@lemmy.world 22 points 1 month ago (5 children) Your money in savings and insurance and superannuation funds is often reinvested in shit like this. It's worth dropping yours an email and asking whether they do or not.. permalink fedilink source parent hideshow 5 child comments replies: [–] Kr4u7@discuss.tchncs.de 6 points 1 month ago (2 children) The 401k that americans use also automatically invested in it if they didnt opt out iirc permalink fedilink source parent hideshow 2 child comments replies: [–] pishadoot@sh.itjust.works 3 points 1 month ago There isn't a single 401k that Americans use. 401k is an index fund, an investment vehicle. I'm sure many included SpaceX but plenty did not. And as an individual you can't really "opt out" of individual stocks in the fund. You could roll all of your investment into a different fund that doesn't include the stock you don't want, but I don't know of any broker that allows people to pick and choose which stocks they want to use in their 401k. You give them money, they manage the fund, that's how it goes. permalink fedilink source parent [–] naught101@lemmy.world 1 point 1 month ago Oh, I hadn't clocked until now that 401(k)s are a pension fund. I guess that means they are basically the same as superannuation. permalink fedilink source parent [–] HerbGrower@slrpnk.net 2 points 1 month ago (1 child) Mine is invested in the UK with a focus towards sustainability and green energy, so I am safe. Plus I don't really care much if it doesn't go negative. Just want to pay off my mortgage and then stop working much. permalink fedilink source parent hideshow 1 child comment replies: [–] naught101@lemmy.world 2 points 1 month ago Mine is also in a nominally ethical fund, but they still invest in e.g. nvidia. Not sure about spaceX though permalink fedilink source parent
[–] naught101@lemmy.world 22 points 1 month ago (5 children) Your money in savings and insurance and superannuation funds is often reinvested in shit like this. It's worth dropping yours an email and asking whether they do or not.. permalink fedilink source parent hideshow 5 child comments replies: [–] Kr4u7@discuss.tchncs.de 6 points 1 month ago (2 children) The 401k that americans use also automatically invested in it if they didnt opt out iirc permalink fedilink source parent hideshow 2 child comments replies: [–] pishadoot@sh.itjust.works 3 points 1 month ago There isn't a single 401k that Americans use. 401k is an index fund, an investment vehicle. I'm sure many included SpaceX but plenty did not. And as an individual you can't really "opt out" of individual stocks in the fund. You could roll all of your investment into a different fund that doesn't include the stock you don't want, but I don't know of any broker that allows people to pick and choose which stocks they want to use in their 401k. You give them money, they manage the fund, that's how it goes. permalink fedilink source parent [–] naught101@lemmy.world 1 point 1 month ago Oh, I hadn't clocked until now that 401(k)s are a pension fund. I guess that means they are basically the same as superannuation. permalink fedilink source parent [–] HerbGrower@slrpnk.net 2 points 1 month ago (1 child) Mine is invested in the UK with a focus towards sustainability and green energy, so I am safe. Plus I don't really care much if it doesn't go negative. Just want to pay off my mortgage and then stop working much. permalink fedilink source parent hideshow 1 child comment replies: [–] naught101@lemmy.world 2 points 1 month ago Mine is also in a nominally ethical fund, but they still invest in e.g. nvidia. Not sure about spaceX though permalink fedilink source parent
[–] Kr4u7@discuss.tchncs.de 6 points 1 month ago (2 children) The 401k that americans use also automatically invested in it if they didnt opt out iirc permalink fedilink source parent hideshow 2 child comments replies: [–] pishadoot@sh.itjust.works 3 points 1 month ago There isn't a single 401k that Americans use. 401k is an index fund, an investment vehicle. I'm sure many included SpaceX but plenty did not. And as an individual you can't really "opt out" of individual stocks in the fund. You could roll all of your investment into a different fund that doesn't include the stock you don't want, but I don't know of any broker that allows people to pick and choose which stocks they want to use in their 401k. You give them money, they manage the fund, that's how it goes. permalink fedilink source parent [–] naught101@lemmy.world 1 point 1 month ago Oh, I hadn't clocked until now that 401(k)s are a pension fund. I guess that means they are basically the same as superannuation. permalink fedilink source parent
[–] pishadoot@sh.itjust.works 3 points 1 month ago There isn't a single 401k that Americans use. 401k is an index fund, an investment vehicle. I'm sure many included SpaceX but plenty did not. And as an individual you can't really "opt out" of individual stocks in the fund. You could roll all of your investment into a different fund that doesn't include the stock you don't want, but I don't know of any broker that allows people to pick and choose which stocks they want to use in their 401k. You give them money, they manage the fund, that's how it goes. permalink fedilink source parent
[–] naught101@lemmy.world 1 point 1 month ago Oh, I hadn't clocked until now that 401(k)s are a pension fund. I guess that means they are basically the same as superannuation. permalink fedilink source parent
[–] HerbGrower@slrpnk.net 2 points 1 month ago (1 child) Mine is invested in the UK with a focus towards sustainability and green energy, so I am safe. Plus I don't really care much if it doesn't go negative. Just want to pay off my mortgage and then stop working much. permalink fedilink source parent hideshow 1 child comment replies: [–] naught101@lemmy.world 2 points 1 month ago Mine is also in a nominally ethical fund, but they still invest in e.g. nvidia. Not sure about spaceX though permalink fedilink source parent
[–] naught101@lemmy.world 2 points 1 month ago Mine is also in a nominally ethical fund, but they still invest in e.g. nvidia. Not sure about spaceX though permalink fedilink source parent