ACTION: Call your financial manager about SpaceX IPO ASAP
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ACTION: Call your financial manager about SpaceX IPO ASAP
Background: SpaceX has filed to go public at a grossly overvalued $1.8 Trillion. The fundamentals in no way justify inclusion in index funds, BUT NASDAQ rules were CHANGED so that it will be included. As a result 401Ks and IRAs will AUTOMATICALLY buy the stock, giving this worthless company your money. It is the greatest grift of all time.
To Do: Contact your financial firm immediately. More below...
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@mastodonmigration thanks for putting this together, will need to stop hyperventilating before proceeding
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@mastodonmigration thanks for putting this together, will need to stop hyperventilating before proceeding
Agreed. It is one thing to understand what they are up to. Another thing entirely to figure out what, if anything, to do in response.
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More Background: Gizmodo | Wall Street Is Already Bending Its Rules to Suck More People Into SpaceX’s IPO
SpaceX [will get] added to major indexes shortly after its IPO... [giving] regular people exposure to Musk’s currently unprofitable company through their retirement accounts...
That is a huge shift from how IPOs have traditionally been handled...
After the dot-com crash, index administrators started putting guardrails in place...
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More Background: Gold and Geopolitics | Honest Graft
"Right. So. The Nasdaq-100 used to require a seasoning period - newly listed companies waited anywhere from three months to a year before getting swept into the index. The idea being: let the price actually get discovered. Let float build. Don’t force $527 billion in ETF assets to mechanically pile into something that went public last Tuesday... That rule? *poof* Gone with the wind"
https://no01.substack.com/p/honest-graft
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ACTION: Call your financial manager about SpaceX IPO ASAP
Background: SpaceX has filed to go public at a grossly overvalued $1.8 Trillion. The fundamentals in no way justify inclusion in index funds, BUT NASDAQ rules were CHANGED so that it will be included. As a result 401Ks and IRAs will AUTOMATICALLY buy the stock, giving this worthless company your money. It is the greatest grift of all time.
To Do: Contact your financial firm immediately. More below...
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@mastodonmigration I pulled all our money out of our traditional IRA and put it in a 401k CD at our bank. I was also able to roll over my pension fund. Thank goodness. Staying in stocks and index funds etc was too risky for me.
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@mastodonmigration I pulled all our money out of our traditional IRA and put it in a 401k CD at our bank. I was also able to roll over my pension fund. Thank goodness. Staying in stocks and index funds etc was too risky for me.
@Beachbum @mastodonmigration
I did that also back in the early 2000s when everything was so volatile. The stock market is just gambling, IMO. -
More Background: Gold and Geopolitics | Honest Graft
"Right. So. The Nasdaq-100 used to require a seasoning period - newly listed companies waited anywhere from three months to a year before getting swept into the index. The idea being: let the price actually get discovered. Let float build. Don’t force $527 billion in ETF assets to mechanically pile into something that went public last Tuesday... That rule? *poof* Gone with the wind"
https://no01.substack.com/p/honest-graft
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More Background: Even Fortune dumps on this thievery
When you have lost Fortune magazine, you know it is a stinker.
https://mastodon.online/@mastodonmigration/116681835985808606
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Paid for by... your retirement savings.
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More Background: Even Fortune dumps on this thievery
When you have lost Fortune magazine, you know it is a stinker.
https://mastodon.online/@mastodonmigration/116681835985808606
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More Background: Morningstar says valuation is $780 billion, less than half the target $1.75 trillion.
https://mastodon.online/@mastodonmigration/116683005845733083
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More Background: Morningstar says valuation is $780 billion, less than half the target $1.75 trillion.
https://mastodon.online/@mastodonmigration/116683005845733083
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@mastodonmigration enough musk bullshit
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More Background: Morningstar says valuation is $780 billion, less than half the target $1.75 trillion.
https://mastodon.online/@mastodonmigration/116683005845733083
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@mastodonmigration Husk: "This is some woke conspiracy"
