Nvidia’s market cap is equal to over 17% of the US GDP.

[fencepost@infosec.exchange]

@jerry if Cheetolini is really jonesing for Putin autocratic energy then Jensen better stay away from high windows.

[divergentdave@infosec.exchange]

@jerry I recently invested in an ESG index fund, and I felt a little deflated upon seeing how much of it was in Magnificent 7 stocks

[sheep_overboard@infosec.exchange]

@jerry

I feel like 16% of that is in my fleet of towers

[t2r@infosec.exchange]

@jerry What's wild is it's gone up 452% for me since I invested in it.

[mhloppy@hachyderm.io]

@divergentdave A lot of ESG funds with simpler screening (..and therefore cheaper fees) tend to be as-or-more heavy on big tech as a broad market fund since big tech doesn't get caught in screenings for the usual coal / uranium / weapons / etc

If you want to reduce exposure you probably have to either (1) pay higher fees to a different fund using more stringent screening (..which gives more money to financial companies that are probably not your first preference for "who do I want my money to go to" either) and spend extra effort looking at the screening for all of the funds, or (2) tilt away by market cap with e.g., a small cap fund (or ESG small cap fund if you're willing to pay for two extra-cost fund features).

I guess you could also (3) go with a fund that intentionally targets low/no US exposure? (e.g., a European or ex-US fund), but the ratio of baby:bathwater thrown out is a bit rough.

@jerry

[simonzerafa@infosec.exchange]

@jerry

That funds a lot of crocodile skin jackets, crocodile tears and corporate techno fascism.

🤨‍️

[masek@infosec.exchange]

@jerry I was there, Gandalf. I was there three thousand 26 years ago. I was there the day the strength of dotcon failed.

[infosecstuc@infosec.exchange]

@jerry what could possibly go wrong?

[fedops@fosstodon.org]

@jerry built almost entirely on circular investments. No way for that all to come crumbling down and take 30% of the GDP with it.

[jernej__s@infosec.exchange]

@jerry 🫧

[daveflater@infosec.exchange]

@jerry their market value OTOH is shrinking as China seeks technological independence from arbitrary US trade barriers

[gary_alderson@infosec.exchange]

@fedops @jerry my view is that some of it will crash and burn but over a longer period it will do fine and a lot of companies are going to do well but what do you trade now for hedging your bets - probably diversified portfolio, bonds, cash and buy after next correction, it could be a while. the real question is are you going to bet on tech when it is running the entire mkt so disproportionately

[silvermoon82@wandering.shop]

@fedops @jerry
Right? Almost all of their revenue is totally imaginary.

There is no way this situation could have a negative outcome.

[aakl@infosec.exchange]

@jerry That's risky.