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by rapind
1 day ago
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I think there is now so much passive investing that wall street and tech bros are gaming it, and it's no longer based in reality (fundamentals). I mean Elon's deal to get SPCX short listed with NASDAQ was directly targeted at 401(k)s. Not sure how it's all going to play out, but this ginormous increase in passive investing over the past decade or so, mainly in S&P 500, seems like a vulnerability. Small cap might be a better (non-sexy) target long term. |
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Yes, they are supposed to! And they are supposed to compete for the privilege. That's how index funds can add and remove stuff from the index so cheaply.
I agree that the S&P500 is not an optimal index. I picked something (VWRA) that's more diversified and less picky about who to admit.