Hacker News new | ask | show | jobs
by igor47 15 days ago
I'm pretty mad about the blatant manipulation of index funds by spacex, and I looked into how to avoid the IPO. If you're like me, the amount of unrealized gains from index funds over the past few years mean the tax penalty of exiting these funds is just too big (the majority of my money is not in tax advantage accounts like a 401k). If not for the tax reasons, I would probably go with a direct index. Vanguard and Fidelity both have em. But honestly even at inflated float ratios this stock makes a very small part of the overall index. What I hate is forcibly being made party to such blatant manipulation, but like any other "concentrated benefits, diffuse costs" situation, it's probably too low a real cost for most people to deal with.