SpaceX · Elon Musk · Wall Street · FCC · The Verge
Index funds are touted as one of the safest ways to invest
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Index funds are touted as one of the safest ways to invest.
Key facts
- Can a $1.77 trillion IPO crater the retirement funds of regular people who would ordinarily have no interest in investing in Elon Musk’s meme stock
- An index fund is an investment vehicle that seeks to match a specific market benchmark, such as the S&P 500 or the Nasdaq-100 — It was popularized in part by Malkiel’s 1973 book A Random Walk Down Wall Street
- So what happens when a company like SpaceX, a giant gamble, and, in their opinion, terribly overpriced, is fast-tracked into the Nasdaq-100
Summary
Index funds are supposed to be the safest way to invest, does SpaceX change that? Can a $1.77 trillion IPO crater the retirement funds of regular people who would ordinarily have no interest in investing in Elon Musk’s meme stock? The answer has less to do with SpaceX and more to do with index funds, how they work, their history, and why they’ve been treated as one of the least risky ways to interact with the stock market. “If I were buying individual stocks, I would think twice about buying SpaceX, which is tremendously overhyped,” he tells me. An index fund is an investment vehicle that seeks to match a specific market benchmark, such as the S&P 500 or the Nasdaq-100.