Not me; I contacted my pension fund last week to move it entirely out of equities and into bonds & cash.
Which is no guarantee, but… I’m not close enough to retirement that this would normally be sensible, but I know I’m close enough that I’d never earn back the losses from the mother of all crashes that is riding into view on the back of these IPOs (and the “I can’t believe it’s not a crime!” changes to index rules to fast track this nonsense into trackers, guaranteeing that pension funds and the like will be left holding the bag.)
If you have a retirement account or an index fund you are one of those cunts
I’m too poor to have any kind of financial stability! Fuck me, right?
Not yet, the S&P backed off their fast-track and it won’t be able to go into their index funds for 90 days. But Tesla is already in there, so 🤷
Not me; I contacted my pension fund last week to move it entirely out of equities and into bonds & cash.
Which is no guarantee, but… I’m not close enough to retirement that this would normally be sensible, but I know I’m close enough that I’d never earn back the losses from the mother of all crashes that is riding into view on the back of these IPOs (and the “I can’t believe it’s not a crime!” changes to index rules to fast track this nonsense into trackers, guaranteeing that pension funds and the like will be left holding the bag.)