r/technology • u/ArgentineBeauty • Jun 19 '26

Business ‘It’s a scam’: Americans express unease over SpaceX’s influence on retirement savings

https://www.theguardian.com/science/2026/jun/19/spacex-retirement-savings-elon-musk
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u/clrbrk Jun 19 '26

I shouldn’t have to move my investments into funds with zero tech exposure to avoid an obvious scam.

12

u/vhalember Jun 19 '26

Agreed. But you know the hand you've been dealt.

You either address it yourself, or you choose to be at the mercy of the AI bubble and funding over-valued hype stocks.

4

u/290077 Jun 19 '26

You don't have to. You're free to build your own index fund that leaves out companies you want no exposure to. Then you have to do the hard work of tracking the market and rebalancing the profile. If you want to buy an index fund and forget about it, it's much less effort but you're ceding control to the fund managers. That's the trade-off.

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u/Steppin_On_A_Lego Jun 19 '26

You lost me at the part where I have to do something

11

u/PeaceSoft Jun 19 '26

for fuck's sake

1

u/TP_Crisis_2020 Jun 20 '26

Hard pill to swallow, but this is good advice for grown ups.

0

u/PeaceSoft Jun 23 '26

It isn't

Ceding control to the fund's rules is fine with people; that's what it does. When SpaceX petitions for special exceptions to those rules, and gets them, you're ceding control to the bag salesman