this post was submitted on 16 Mar 2025
139 points (92.1% liked)

Showerthoughts

32553 readers
1008 users here now

A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The most popular seem to be lighthearted clever little truths, hidden in daily life.

Here are some examples to inspire your own showerthoughts:

Rules

  1. All posts must be showerthoughts
  2. The entire showerthought must be in the title
  3. No politics
    • If your topic is in a grey area, please phrase it to emphasize the fascinating aspects, not the dramatic aspects. You can do this by avoiding overly politicized terms such as "capitalism" and "communism". If you must make comparisons, you can say something is different without saying something is better/worse.
    • A good place for politics is c/politicaldiscussion
  4. Posts must be original/unique
  5. Adhere to Lemmy's Code of Conduct and the TOS

If you made it this far, showerthoughts is accepting new mods. This community is generally tame so its not a lot of work, but having a few more mods would help reports get addressed a little sooner.

Whats it like to be a mod? Reports just show up as messages in your Lemmy inbox, and if a different mod has already addressed the report, the message goes away and you never worry about it.

founded 2 years ago
MODERATORS
 

Title. It occurred to me that despite not wanting to support musk or some other American businesses because of their recent change in policies, I'm still holding a stake in those companies.

all 44 comments
sorted by: hot top controversial new old
[–] KingThrillgore@lemmy.ml 8 points 7 hours ago

I'm fine with that, if Tesla keeps sinking the S&P will have to drop it from the index.

[–] canihasaccount@lemmy.world 8 points 16 hours ago

You can buy a share or two of TSLQ to hedge against TSLA while still holding your index funds

[–] slazer2au@lemmy.world 61 points 1 day ago (1 children)

Yes, that is how index funds work. Tesla is apart of the index so you indirectly own shares in every S&P500.

You also have indirect shares in a host of other dodgy companies like Google, Meta, Amazon, Coco Cola, McDonalds, Pepsi, Disney

https://en.wikipedia.org/wiki/List_of_S%26P_500_companies

[–] atro_city@fedia.io 8 points 22 hours ago (1 children)

A longer way of saying what OP said.

[–] fushuan@lemm.ee 19 points 13 hours ago (1 children)

Yes, that's is how addendums work. They elaborate on what has been said to repeat what was said in a more complete manner, sometimes with examples.

[–] intensely_human@lemm.ee 3 points 5 hours ago (1 children)

Basically just defining addendums here

[–] fushuan@lemm.ee 4 points 5 hours ago (1 children)

If it wasn't obvious I was trying to make a joke by imitating the tempo and the content of what the first comment said, but about addendums.

Not sure if the joke was conveyed correctly.

[–] My_IFAKs___gone@lemmy.world 2 points 2 hours ago

Yup, that's how jokes work. Sometimes the best ones are too subtle for many to identify as a joke and the humor is tragically lost on them.

[–] radix@lemmy.world 42 points 1 day ago (2 children)

If it makes you feel better, you probably also hold a stake in their direct competition.

[–] Sconrad122@lemmy.world 2 points 5 hours ago (1 children)

A lot of their direct competition is not in the S&P 500 because they are not American companies. Hyundai, Volkswagen, Toyota, Nissan, BYD, etc. American automakers let the EV market languish so long that they are only now becoming legitimate competitors in that space

[–] My_IFAKs___gone@lemmy.world 2 points 2 hours ago (1 children)

VXUS might be a viable avenue to support Tesla's competition.

[–] Sconrad122@lemmy.world 1 points 11 minutes ago

Yep, or any other etf or fund that tracks an ex US index, if folks don't want to give their money/share votes to Vanguard. I'm unfortunately not well versed in brokerages outside the US, so no fund suggestions, but VXUS tracks the FTSE Global All Cap Ex US index, MSCI also has a World ex US index, it shouldn't be too hard to find an ex US index tracking fund at a reputable brokerage of your choice

[–] Fondots@lemmy.world 25 points 1 day ago (2 children)

Didn't know that you could own stock in antifa and Luigi Mangione

[–] KingThrillgore@lemmy.ml 2 points 7 hours ago* (last edited 7 hours ago)

Well to buy Luigicoin, its really simple: You go to a 50501 Protest, you give in your community, you join a community network, and you try to reduce your business with Amazon and other companies helping Trump.

[–] superglue@lemmy.dbzer0.com 5 points 22 hours ago (1 children)

I'm sure there will be a Luigi coin any day now dont worry

[–] DarkDarkHouse@lemmy.sdf.org 4 points 21 hours ago (1 children)

There’s been once since last year

[–] My_IFAKs___gone@lemmy.world 1 points 2 hours ago

It's oddly shaped like a cartridge

[–] Crashumbc@lemmy.world 10 points 22 hours ago

For now....

[–] ExtremeDullard@lemmy.sdf.org 15 points 1 day ago

Most people have money in the SP500 through their 401(k), sadly.

[–] expatriado@lemmy.world 13 points 1 day ago (1 children)

one of the reasons isn't tanking faster, comes bundled up in many institutional accounts, retirement accounts, etc

[–] intensely_human@lemm.ee -2 points 5 hours ago (2 children)

In other words, is an integral part of our society that we’ve all collectively invested a lot of money into, for a lot of benefit.

Almost as if the cars have value beyond a status symbol or signal of political allegiance.

[–] My_IFAKs___gone@lemmy.world 1 points 2 hours ago

an integral part of our society

It's an overvalued meme stonk pushed by Tim Urban's 2015 Musk propaganda pieces and WSB, supercharged by Twitter Muskapades during the very strange COVID-induced market wildfires.

The price is fueled by retail gambling, with the cult of personality and [false] idealism of the company lending it stamina that finally seems to be ailing.

Tesla's stratospheric P/E ratio is ridiculous.

[–] witten@lemmy.world 4 points 5 hours ago

So you're saying a price-to-earnings ratio of ~90x over the last five years is a reasonable valuation.. when their competitors are historically closer to... 6x?

[–] My_IFAKs___gone@lemmy.world 10 points 1 day ago* (last edited 2 hours ago)

If you'd like to hold a large cap blend that doesn't include Tesla, you might like VTV (Vanguard Large Cap Value ETF). I didn't see Tesla listed in it and I really doubt it's any of the 339 companies it holds.

Edit: I just traded all my retirement shares of VTI for VTV. Fuck Tesla. And Facebook. And Amazon.

[–] Brkdncr@lemmy.world 11 points 1 day ago (3 children)

Sometimes you have to play the game even if you don't like it.

[–] Wooki@lemmy.world 2 points 12 hours ago

Shorts over the last month would have been profitable

[–] atro_city@fedia.io 3 points 22 hours ago (1 children)

"You gotta do what you gotta do", says the person tipping his hangman.

"I knew I could vote for the mice, but the cat had the cheese", says the mouse.

[–] Brkdncr@lemmy.world 6 points 21 hours ago (1 children)

I’m too tired to manually index the s&p 499.

[–] atro_city@fedia.io 2 points 13 hours ago (1 children)

Or look for alternative index funds, apparently.

[–] intensely_human@lemm.ee 0 points 5 hours ago

Or start your own. I mean this entire thread is just reeking of obvious demand for a very easy to administer mutual fund

[–] Brodysseus@lemmy.dbzer0.com 5 points 1 day ago

I dont think I have to but its surely to my benefit. Classic case of greed vs values

[–] JubilantJaguar@lemmy.world 10 points 1 day ago (1 children)

And also in the oil giants, which are far worse for the world than Tesla.

[–] hddsx@lemmy.ca 9 points 1 day ago (1 children)

I’m going to have to disagree with you there. I might have agreed with you during the last American presidency, but at this point Tesla is a catalyst for fascism.

[–] ethman42@lemmy.world 3 points 17 hours ago (2 children)

Why is the car company the catalyst? I’m seriously asking, not trolling. Is the boring company and space x also?

[–] witten@lemmy.world 3 points 5 hours ago

The vast majority of Musk's wealth is in the form of Tesla stock.

[–] hddsx@lemmy.ca 2 points 10 hours ago

It’s a major supporter for Musk, allowing him to fund things via loans against stock. Not sure how much SpaceX pays Musk (I don’t think it’s a public company?)

I don’t know much about boring

[–] aubeynarf@lemmynsfw.com 9 points 1 day ago (1 children)

If this bothers you, you can short an amount equivalent to your index fund’s holding. But you’d have to track and maintain parity against the proportional allocation of the index fund as Tesla’s market cap changed and you invested more into the index.

[–] hddsx@lemmy.ca 7 points 1 day ago

I’m not sure that works. I was under the impression that shorts were fixed-term contracts and the index funds holdings are longs.

You can’t “borrow” somebody’s long and sell it and then just… not return it. You are also (IIRC) paying a premium to be able to borrow the stock to sell.

[–] FartsWithAnAccent@fedia.io 7 points 1 day ago

For now anyhow...

[–] possiblylinux127@lemmy.zip 5 points 1 day ago

American is kind of a central point for the market. Sure there are plenty of non American exchanges but if you want to do business with the "big boys" it is in New York.

[–] JohnDClay@sh.itjust.works 2 points 1 day ago

One of the reasons I prefer something like the Russell 2000