this post was submitted on 16 Mar 2025
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Showerthoughts

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A "Showerthought" is a simple term used to describe the thoughts that pop into your head while you're doing everyday things like taking a shower, driving, or just daydreaming. The most popular seem to be lighthearted clever little truths, hidden in daily life.

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Title. It occurred to me that despite not wanting to support musk or some other American businesses because of their recent change in policies, I'm still holding a stake in those companies.

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[–] [email protected] 3 points 18 hours ago

To clarify, that’s if you own SPY or SPX

[–] [email protected] 15 points 1 day ago

I'm fine with that, if Tesla keeps sinking the S&P will have to drop it from the index.

[–] slazer2au 70 points 1 day ago (1 children)

Yes, that is how index funds work. Tesla is apart of the index so you indirectly own shares in every S&P500.

You also have indirect shares in a host of other dodgy companies like Google, Meta, Amazon, Coco Cola, McDonalds, Pepsi, Disney

https://en.wikipedia.org/wiki/List_of_S%26P_500_companies

[–] [email protected] 11 points 1 day ago (1 children)

A longer way of saying what OP said.

[–] [email protected] 26 points 1 day ago (1 children)

Yes, that's is how addendums work. They elaborate on what has been said to repeat what was said in a more complete manner, sometimes with examples.

[–] [email protected] 5 points 1 day ago (1 children)

Basically just defining addendums here

[–] [email protected] 6 points 1 day ago (1 children)

If it wasn't obvious I was trying to make a joke by imitating the tempo and the content of what the first comment said, but about addendums.

Not sure if the joke was conveyed correctly.

[–] My_IFAKs___gone 4 points 21 hours ago (1 children)

Yup, that's how jokes work. Sometimes the best ones are too subtle for many to identify as a joke and the humor is tragically lost on them.

[–] JustZ 3 points 17 hours ago

A lengthier way of saying what OP said.

[–] radix 46 points 1 day ago (2 children)

If it makes you feel better, you probably also hold a stake in their direct competition.

[–] Sconrad122 3 points 1 day ago (1 children)

A lot of their direct competition is not in the S&P 500 because they are not American companies. Hyundai, Volkswagen, Toyota, Nissan, BYD, etc. American automakers let the EV market languish so long that they are only now becoming legitimate competitors in that space

[–] My_IFAKs___gone 2 points 21 hours ago (1 children)

VXUS might be a viable avenue to support Tesla's competition.

[–] Sconrad122 3 points 19 hours ago

Yep, or any other etf or fund that tracks an ex US index, if folks don't want to give their money/share votes to Vanguard. I'm unfortunately not well versed in brokerages outside the US, so no fund suggestions, but VXUS tracks the FTSE Global All Cap Ex US index, MSCI also has a World ex US index, it shouldn't be too hard to find an ex US index tracking fund at a reputable brokerage of your choice

[–] Fondots 27 points 1 day ago (2 children)

Didn't know that you could own stock in antifa and Luigi Mangione

[–] [email protected] 2 points 1 day ago* (last edited 1 day ago)

Well to buy Luigicoin, its really simple: You go to a 50501 Protest, you give in your community, you join a community network, and you try to reduce your business with Amazon and other companies helping Trump.

[–] [email protected] 5 points 1 day ago (1 children)

I'm sure there will be a Luigi coin any day now dont worry

[–] [email protected] 4 points 1 day ago (1 children)

There’s been once since last year

[–] My_IFAKs___gone 1 points 21 hours ago

It's oddly shaped like a cartridge

[–] canihasaccount 10 points 1 day ago

You can buy a share or two of TSLQ to hedge against TSLA while still holding your index funds

[–] Crashumbc 10 points 1 day ago

For now....

[–] [email protected] 16 points 1 day ago

Most people have money in the SP500 through their 401(k), sadly.

[–] expatriado 14 points 1 day ago (1 children)

one of the reasons isn't tanking faster, comes bundled up in many institutional accounts, retirement accounts, etc

[–] [email protected] -2 points 1 day ago (2 children)

In other words, is an integral part of our society that we’ve all collectively invested a lot of money into, for a lot of benefit.

Almost as if the cars have value beyond a status symbol or signal of political allegiance.

[–] witten 4 points 1 day ago

So you're saying a price-to-earnings ratio of ~90x over the last five years is a reasonable valuation.. when their competitors are historically closer to... 6x?

[–] My_IFAKs___gone 1 points 21 hours ago

an integral part of our society

It's an overvalued meme stonk pushed by Tim Urban's 2015 Musk propaganda pieces and WSB, supercharged by Twitter Muskapades during the very strange COVID-induced market wildfires.

The price is fueled by retail gambling, with the cult of personality and [false] idealism of the company lending it stamina that finally seems to be ailing.

Tesla's stratospheric P/E ratio is ridiculous.

[–] My_IFAKs___gone 10 points 1 day ago* (last edited 21 hours ago)

If you'd like to hold a large cap blend that doesn't include Tesla, you might like VTV (Vanguard Large Cap Value ETF). I didn't see Tesla listed in it and I really doubt it's any of the 339 companies it holds.

Edit: I just traded all my retirement shares of VTI for VTV. Fuck Tesla. And Facebook. And Amazon.

[–] Brkdncr 11 points 1 day ago (3 children)

Sometimes you have to play the game even if you don't like it.

[–] Wooki 2 points 1 day ago

Shorts over the last month would have been profitable

[–] [email protected] 5 points 1 day ago

I dont think I have to but its surely to my benefit. Classic case of greed vs values

[–] [email protected] 3 points 1 day ago (1 children)

"You gotta do what you gotta do", says the person tipping his hangman.

"I knew I could vote for the mice, but the cat had the cheese", says the mouse.

[–] Brkdncr 6 points 1 day ago (1 children)

I’m too tired to manually index the s&p 499.

[–] [email protected] 2 points 1 day ago (1 children)

Or look for alternative index funds, apparently.

[–] [email protected] 0 points 1 day ago

Or start your own. I mean this entire thread is just reeking of obvious demand for a very easy to administer mutual fund

[–] JubilantJaguar 10 points 1 day ago (1 children)

And also in the oil giants, which are far worse for the world than Tesla.

[–] [email protected] 10 points 1 day ago (1 children)

I’m going to have to disagree with you there. I might have agreed with you during the last American presidency, but at this point Tesla is a catalyst for fascism.

[–] ethman42 3 points 1 day ago (2 children)

Why is the car company the catalyst? I’m seriously asking, not trolling. Is the boring company and space x also?

[–] witten 4 points 1 day ago

The vast majority of Musk's wealth is in the form of Tesla stock.

[–] [email protected] 2 points 1 day ago

It’s a major supporter for Musk, allowing him to fund things via loans against stock. Not sure how much SpaceX pays Musk (I don’t think it’s a public company?)

I don’t know much about boring

[–] [email protected] 9 points 1 day ago (1 children)

If this bothers you, you can short an amount equivalent to your index fund’s holding. But you’d have to track and maintain parity against the proportional allocation of the index fund as Tesla’s market cap changed and you invested more into the index.

[–] [email protected] 8 points 1 day ago

I’m not sure that works. I was under the impression that shorts were fixed-term contracts and the index funds holdings are longs.

You can’t “borrow” somebody’s long and sell it and then just… not return it. You are also (IIRC) paying a premium to be able to borrow the stock to sell.

[–] [email protected] 7 points 1 day ago

For now anyhow...

[–] [email protected] 5 points 1 day ago

American is kind of a central point for the market. Sure there are plenty of non American exchanges but if you want to do business with the "big boys" it is in New York.

[–] [email protected] 2 points 1 day ago

One of the reasons I prefer something like the Russell 2000