[outside2344]

If 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.

[kakflelajf74]

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).

[Hendrikto]

> Of course this happens to be a bad time to sell

I mean… it is still up 63% over the last 5 years. It’s not a bad time at all.

[SilverElfin]

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?

[xhrpost]

I still want to be long in the market so my initial thought is switching to equal weight funds.

[rendang]

If equal-weight funds got more popular, couldn't they end up distorting the price of the smaller-cap companies within an index

[xhrpost]

It's a good point, maybe? Even the smallest market cap is $22B though, hard to say.

[wing-_-nuts]

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

[dweez]

If it's any consolation , VTI is free-float weighted so won't pick up very much SpaceX initially.

[lokar]

I sent a note to my rep at Vanguard warning that they better not change the VTI rules to buy into this scam.

[xhrpost]

VTI is market cap free-float weighted, as is VOO and SPY. So what ETFs would this IPO be an issue with if not these?

[silotis]

So far only the Nasdaq-100 has gone along with SpaceX's special weighting chicanery. The biggest fund which tracks the Nasdaq-100 is QQQ. Suffice to say, if you have money in QQQ you should be re-considering that position.