alt Hacker NewsIf S&P change their rules, I am going to sell my index funds, taxes be damned.
Sadly, this is not the only trash that is going to be hoisted on us retirement investors. OpenAI is waiting in the wings as well.
I am sure I am not the only one. That doesn't seem like it will be good for the market.
Replies
I still want to be long in the market so my initial thought is switching to equal weight funds.
I'm invested in VTI, VXUS, and VT in various places, so I'm definitely going to be buying it whether I want to or not
There were extensive discussions previously about passive investors being taken for a ride:
https://news.ycombinator.com/item?id=47392550
And Michael Burry also wrote a long post about it:
https://x.com/michaeljburry/status/2032483200404992209
The question is what can we do about it? Nasdaq finalized these rule changes already. It seems like this got rammed through and now it is happening. And I don't expect Trump's corrupt SEC to do anything about it. Who else can we appeal to?
I am considering the same. Of course this happens to be a bad time to sell with the Iran war. Maybe we finally found the real reason for the war (only 90% sarcastic).