this post was submitted on 16 Mar 2025
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Showerthoughts

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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.

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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.

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[–] KingThrillgore@lemmy.ml 6 points 3 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 7 points 13 hours ago

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

[–] nomoesyankho@lemmy.wtf 0 points 6 hours ago* (last edited 5 hours ago) (1 children)

That's the thing with americans and capitalist in general. You can't claim moral highground when your savings are tied to how much fighter jet lockheed martin is selling this year. You're just an asshole

yep! if you want to have a future in hell world, if you are invested in having a future in hell world, you are a piece of shit, and you have invested in being a piece of shit.

sorry. I didn't make it this way, I'm just not being paid enough to lie and go down on you about it.

[–] slazer2au@lemmy.world 59 points 23 hours 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 18 hours ago (1 children)

A longer way of saying what OP said.

[–] fushuan@lemm.ee 15 points 9 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 2 hours ago (1 children)

Basically just defining addendums here

[–] fushuan@lemm.ee 3 points 1 hour ago

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.

[–] radix@lemmy.world 40 points 23 hours ago (2 children)

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

[–] Sconrad122@lemmy.world 1 points 1 hour ago

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

[–] Fondots@lemmy.world 24 points 23 hours ago (2 children)

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

[–] KingThrillgore@lemmy.ml 2 points 3 hours ago* (last edited 3 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 19 hours ago (1 children)

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

[–] DarkDarkHouse@lemmy.sdf.org 4 points 18 hours ago

There’s been once since last year

[–] Crashumbc@lemmy.world 10 points 18 hours ago

For now....

[–] ExtremeDullard@lemmy.sdf.org 15 points 23 hours ago

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

[–] expatriado@lemmy.world 12 points 23 hours 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 -1 points 2 hours ago (1 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.

[–] witten@lemmy.world 2 points 2 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 22 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.

[–] Brkdncr@lemmy.world 11 points 23 hours ago (3 children)

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

[–] Wooki@lemmy.world 1 points 8 hours ago

Shorts over the last month would have been profitable

[–] Brodysseus@lemmy.dbzer0.com 5 points 22 hours ago

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

[–] atro_city@fedia.io 2 points 18 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 17 hours ago (1 children)

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

[–] atro_city@fedia.io 2 points 9 hours ago (1 children)

Or look for alternative index funds, apparently.

[–] intensely_human@lemm.ee 0 points 2 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

[–] JubilantJaguar@lemmy.world 10 points 23 hours ago (1 children)

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

[–] hddsx@lemmy.ca 8 points 20 hours 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 13 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 2 points 2 hours ago

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

[–] hddsx@lemmy.ca 1 points 6 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 23 hours 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 6 points 21 hours 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.

[–] possiblylinux127@lemmy.zip 5 points 22 hours 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.

[–] FartsWithAnAccent@fedia.io 6 points 23 hours ago

For now anyhow...

[–] JohnDClay@sh.itjust.works 2 points 21 hours ago

One of the reasons I prefer something like the Russell 2000