Your 401K Is Their Exit Strategy (SpaceX, Anthropic, OpenAI)
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Top Comments (10)
Just a heads up: S&P ended up rejecting the proposed fast-track IPO rule. Under the current rules, a company like SpaceX would still need to be public for at least 12 months and meet the existing profitability and liquidity requirements before it can join the S&P 500. That means S&P 500 index funds held in many 401(k)s and retirement accounts (FXAIX, VOO, SPY, TSP C Fund, etc.) would not be forced to buy SpaceX immediately after an IPO.
I listen to a lot of horror fiction and true crime on YouTube. But this channel is fast becoming the scariest one I listen to.
The older I get and the more I learn about the world, the more baffled I become by the complacency of the public
It is not a bubble, it is outright fraud and robbery!
This will be common: “I worked 30 years and someone stole my retirement”
basically rich people passing on a time-bomb to the little guys… they exit the market while everyone else goes to hell…
“The economy” is just 7 companies and a handful of families sending fiat to one another back and forth over and over again at this point.
The genius of this setup is the ultimate wealth transfer. They sell us the top at these insane valuations, crash the economy to force us into panic selling, and then buy back the same assets for pennies on the dollar. They end up with ALL the cash AND the ownership.
It's a big club, and you ain't in it. - George Carlin
Andrei, this is the most intellectually honest analysis I've seen about current market conditions. And you made it accessible to the main street. Thanks for this. Great stuff.
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Top Comments (10)
Just a heads up: S&P ended up rejecting the proposed fast-track IPO rule. Under the current rules, a company like SpaceX would still need to be public for at least 12 months and meet the existing profitability and liquidity requirements before it can join the S&P 500. That means S&P 500 index funds held in many 401(k)s and retirement accounts (FXAIX, VOO, SPY, TSP C Fund, etc.) would not be forced to buy SpaceX immediately after an IPO.
I listen to a lot of horror fiction and true crime on YouTube. But this channel is fast becoming the scariest one I listen to.
The older I get and the more I learn about the world, the more baffled I become by the complacency of the public
It is not a bubble, it is outright fraud and robbery!
This will be common: “I worked 30 years and someone stole my retirement”
basically rich people passing on a time-bomb to the little guys… they exit the market while everyone else goes to hell…
“The economy” is just 7 companies and a handful of families sending fiat to one another back and forth over and over again at this point.
The genius of this setup is the ultimate wealth transfer. They sell us the top at these insane valuations, crash the economy to force us into panic selling, and then buy back the same assets for pennies on the dollar. They end up with ALL the cash AND the ownership.
It's a big club, and you ain't in it. - George Carlin
Andrei, this is the most intellectually honest analysis I've seen about current market conditions. And you made it accessible to the main street. Thanks for this. Great stuff.