alt Hacker NewsWhen index funds became such a default I knew they’d change the rules.
They’re taking everything thats not nailed down. A wealth tax is the only way, it cannot continue like this.
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ddp26 • today at 6:56 PM
Got a source on this? I didn't take into account in this forecast that public markets could be very inefficient in this way.
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gigatexal • today at 6:02 PM
Yeah imma get out of index and hold my basket and just rebalance. This is dumb. Why bend the rules for a trillionaire?
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gruez • today at 6:04 PM
Who's "they"? Billionaires? Wall st? SpaceX insiders and investors?
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Geez this comment is a melodramatic non sequitur.
There's no rule you have to own QQQ and indeed most people don't. There are thousands of low cost ETFs that provide passive exposure to the market. If this new rule bothers you, be like most people and buy one of those instead of QQQ. Problem solved.
Like sure, let's improve our tax systems (as an aside, I would say there are many more efficient and progressive options than a wealth tax, but whatever), but I don't see how there is even a tangential link between that topic and the NDX rule change.