People don’t realise that around 40% of the value of the S&P 500, and over 60% of the Nasdaq 100 (i.e. QQQM) is big tech companies.
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ryannathans@aussie.zone 2 days agoShareholders of these companies are likely you or I, as they are so big they are significant parts of index funds purchased by retirement funds and the like
dan@upvote.au 2 days ago
WhatAmLemmy@lemmy.world 2 days ago
Maybe our quality of life, livelihood, and retirements should not be bound to for-profit corporations?
dan@upvote.au 2 days ago
I agree, but unfortunately it’s a reality of a capitalist society.
NocturnalMorning@lemmy.world 1 day ago
Our retirement plans didn’t used to be tied to the stock market. So clearly there’s a way to have retirement plans that don’t tie the entire middle class to the success of every large corporation.
NocturnalMorning@lemmy.world 2 days ago
Maybe, I still hope the go belly up. My 401k isn’t worth supporting companies that spread deliberate disinformation. (Looking at you facebook). Hell, when the stock market took a nosedive over tarrifs, I pulled my entire 401k and put it into foreign investments to try to further the crash. Literally the only thing these dipsticks understand is money, and if they’re losing it, thats when they pay attention.