• Owl@lemm.ee
    link
    fedilink
    English
    arrow-up
    4
    ·
    1 day ago

    as someone who is very far from retiring i have no idea about how people manage their retirement funds or how that whole system works. youre right, that would indeed be quite terrible

    • Jakeroxs@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      5
      ·
      1 day ago

      The majority of people with 401ks don’t actively manage them, it’s usually generic broad based index funds or similar, which at this point almost assuredly includes Tesla

      • bitjunkie@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        1 day ago

        How much better does the rest of the portfolio do after Musk is ruined and can’t buy elections, though?

      • Owl@lemm.ee
        link
        fedilink
        English
        arrow-up
        1
        ·
        24 hours ago

        seems pretty weird to me for them to include a volatile stock such as tesla

        • Jakeroxs@sh.itjust.works
          link
          fedilink
          English
          arrow-up
          2
          ·
          edit-2
          24 hours ago

          On a longer timescale, Tesla volatility was actually pretty low with a strong tend upwards.

          This is not financial advice yada yada but I’d recommend researching how ETFs, and broad based indices decide on what stocks to include.