Y’all, we need to talk about upcoming #IPOs, and the insane rule changes that #nasdaq has just announced.

[weekend_editor@mathstodon.xyz]

@CassandraVert

Some kinds of index funds; not all.

That's why I use a total market index fund which is allowed to sample based on float.

Also "tilt" index funds, specializing in small-cap value and international small, to get away from the Magnificent 7 that dominate US markets.

All index funds, just not subject to this kind of shenanigans.

Defending the Weekend Portfolio Even More

Trump continues to antagonize the world at large, and weaken America’s fiscal posture with destructive tax cuts. Some international leaders are threatening a sell-off in US Treasury bonds. Here’s our (small) defensive reaction in the Weekend Portfolio.

(www.someweekendreading.blog)

[cassandravert@indieweb.social]

Index funds buy stock in proportion to market cap. The larger companies are supposed to be established and stable, but clearly not here.
If I were a fund manager, I would keep the 3 month waiting period as a rule for my fund even if the index doesn't.

[cassandravert@indieweb.social]

That's good.

[jamesmdonohoe@sfba.social]

@MissConstrue
Article from Oct/2025 focused on S&P 500 but raising the same/additional concerns. Goes into a bit more detail that I found interesting and kinda alarming.

[1337@techhub.social]

@shredder7579 @MissConstrue my 401k allows me to allocate funds to a "capital preservation fund" (or something like that) that basically tries to stay flat. I.e. you would lose out in any gains elsewhere in the market, but not take losses (hopefully?). I doubt it's typically recommended, but it is an option. Any funds that track stuff like the SP 500 or Nasdaq 100 will have you indirectly allocating a significant proportion of your funds to all these companies heavily dependent on AI (these indexes are very top heavy, but they historically perform the best; likely because monopolies are more profitable).

[troy_frizzell@mstdn.social]

@MissConstrue

I think one of the USAs most important but unspoken problems is the entire Financial industry. There’s nothing there that adds actual value for everyday people.

I’d be perfectly fine with that entire system burning to the ground and never being rebuilt. It’s a creation of, by, and for the lazy rich. It doesn’t help anyone who isn’t rich.

Wreck it all.

[chuckmcmanis@chaos.social]

@MissConstrue My expectation is that this is going to backfire on them in spectacular fashion. Specifically, when these "early entries" re-price once the market understands them (usually 90 - 180 days after entry) if they are as weak as they seem, they are going to take the indexes down double digit percentages. That will confuse the rubes who conflate the market with the economy and now both signals the market and inflation will say the economy is bad. Not good for anyone in elected office.

[guillotine_jones@beige.party]

@MissConstrue @shredder7579
"For a company valued at 1000x earnings. [Musk's SpaceX is] A company that has never made a profit. It’s bugfuck insane. It’s pure grift."
In other words, Capitalism2026.

[bltpizza@mastodon.social]

@MissConstrue I have no control over my 401k because the company that bought out my former company has completely screwed up everything regarding the transfer of our accounts from Principal to the new fund. It's been 7 months.
I have no idea how to protect my account from this kind of criminal activity

[netraven@hear-me.social]

@MissConstrue what a quaint idea, retirement.

[amelanchiertree@mstdn.social]

@MissConstrue Thank you for posting the info. I hadn't heard about this. Here is another story on the rule changes from Reuters. https://www.reuters.com/business/new-nasdaq-rules-include-fast-entry-new-listings-benchmark-index-2026-03-30/

[fd93@fosstodon.org]

@MissConstrue Worth noting that not all indexes track the S&P 500, VT tracks the FTSE Global All Cap Index, while VTI tracks the CRSP US Total Market Index.

I am not a financial expert but surely this only affects funds indexed against the NASDAQ specifically?

[snarklestiltzkin@c.im]

@MissConstrue corruption like this is what pushed me toward international stock and bond funds along with XMAG.

But the way things are going, it may be time to reconsider individual stocks again... Tired of the dual class shares, the corrupt, self-serving oligarchs, the impotent FTC, I could go on...

What the US needs at this point is a Lina Khan-T800 hybrid....

[pier@infosec.exchange]

@violetmadder @RaymondPierreL3 @MissConstrue A significant portion of Iran, Lebanon and Palestine would disagree with you. Not to mention Ukraine and all the wars we never hear about because there aren’t any white people involved.

[kevinashworth@mastodon.social]

@MissConstrue @shredder7579
Ah, I remember back before, to a simpler time when I never understood why the French used those guillotines.

[beggarmidas@mastodon.social]

@MissConstrue Eh, closer to the bone to say forcing you to invest your retirement on risky financial gambles.

...But there is an answer. You call up your broker and specify you don't want your stock portfolio invested in specified companies, individually or by index fund. Enough people do that? Suddenly the next big reserve of wealth they're depending on to unnaturally value their inflated stocks goes bye bye.

It's not theft so much as an attempt to forestall the bubble pop.

[beggarmidas@mastodon.social]

@MissConstrue If people DON'T start pushing back hard, just between the irrational & astronomical over-valuated crypto & AI bubble bubble pop will suddenly become a fiscal black hole dropping a healthy percentage of total WORLD GDP down a gravity well. The resultant depression will be unparalleled in magnitude, depth, reach, and length. The only people making money will be those who track down & publish the location of cheerleaders & ringleaders for an angry mob to tear apart barehanded.

[missconstrue@mefi.social]

@fd93 It might be contained to nasdaq, but the other exchanges have made noises about doing the same, because billionaires have gravity in the financial world.

I wanna say the article I linked mentioned it, if not it was bloomberg or wsj.

[missconstrue@mefi.social]

@Beggarmidas Ok, now I want to get the Yes Men to create a pitch deck for that app to present to a vulture capital incubator.

[fd93@fosstodon.org]

@MissConstrue Seems FTSE is 'considering' it but hasn't yet made a rule change. As they would fall under the UK regulator - which operates rather differently to US regulators - who knows what they'll do. Most likely they would be less bullish than the NASDAQ in any case.

US Market | FTSE Russell proposes rule tweaks to capture blockbuster IPO wave

FTSE Russell is considering fast-entry rules for IPOs as the US gears up for a blockbuster listing cycle in 2026. With anticipated debuts from giants like SpaceX, OpenAI and Anthropic, index providers are revising float and voting-rights criteria to ensure major newcomers are swiftly reflected in benchmark indexes.

The Economic Times (economictimes.indiatimes.com)