It's misleading. Yes, they are adding it to its index (and perhaps they shouldn't, arguably IPO/new stocks shouldn't be added to the index for a while, many tend to crash, see Facebook IPO for instance), but it's such a tiny fraction it's unlikely to have any real tangible impact for 99.9% of investors.
Instead of returning 9.85% your portfolio will return 9.84%. And Space X IPO will rekindle the tech market and cause every stock to soar anyway
To be clear, Space X will 100% crash post-IPO. Doesn't really matter unless you are dumb enough to buy the IPO lol. Also, it will recover. His buddy Trump will invent some BS contract for sattelite surveillance or whatever and give him a trillion over 10 years or something, and the stock will soar.
In a world where it is illegal to act against stockholders' interests, .01 percent is still a crime. It's just never a crime if big people do it to small people.
It's misleading. Yes, they are adding it to its index (and perhaps they shouldn't, arguably IPO/new stocks shouldn't be added to the index for a while, many tend to crash, see Facebook IPO for instance), but it's such a tiny fraction it's unlikely to have any real tangible impact for 99.9% of investors.
Instead of returning 9.85% your portfolio will return 9.84%. And Space X IPO will rekindle the tech market and cause every stock to soar anyway
To be clear, Space X will 100% crash post-IPO. Doesn't really matter unless you are dumb enough to buy the IPO lol. Also, it will recover. His buddy Trump will invent some BS contract for sattelite surveillance or whatever and give him a trillion over 10 years or something, and the stock will soar.
In a world where it is illegal to act against stockholders' interests, .01 percent is still a crime. It's just never a crime if big people do it to small people.