Comment on Is the AI Conveyor Belt of Capital About to Stop?
RagingRobot@lemmy.world 15 hours agoI think you should only be scared if you own AI stocks and I would guess not a whole lot of common people can even afford to invest in stock. Let those rich idiots lose their money. Maybe they will learn a lesson
yakko@feddit.uk 15 hours ago
Unfortunately, stocks tend to move in sympathy with each other due to various factors, such as large ETFs and algorithmic trading. Natural price action is kind of broken at the moment.
Zink@programming.dev 15 hours ago
Absolutely, plus since index funds are cap weighted, ordinary retirement fund investing folks are very much vulnerable to it.
If I pull up VTSAX (vanguard total stock market index fund) what I find is…
Sectors: Technology is 38% of the fund and I see 11 sectors listed.
Top 10equity holdings, in order from the top:
NVDA MSFT AAPL AMZN META AVGO (Broadcom) GOOGL TSLA GOOG BRK.B (Almost like its own index fund)
This is fine!!