▲ 590 ▼ SpaceX Stock Plunge Wipes Out $600 Billion After Cursor Deal Spooks Investors (www.forbes.com) submitted 4 months ago by sanitation@lemmy.today to c/technology@lemmy.world 138 comments fedilink hide all child comments
[–] WildPalmTree@lemmy.world 8 points 4 months ago (4 children) Narrator: He was wrong. permalink fedilink source parent hideshow 4 child comments replies: [–] whoisearth@lemmy.ca 2 points 4 months ago (3 children) Disagree with my pension and my RRSP I do have options for how I want to distribute my investments for example focusing on Canada or Europe or BRIC for investments or even dumping your money into a less risky but more stable money market. They're pretty diverse now. permalink fedilink source parent hideshow 3 child comments replies: [–] wampus@lemmy.ca 3 points 4 months ago (2 children) Other guys comment, and the note about pension funds, is more about how things like the CPP will invest in SpaceX -- as will many ETF/bundled type 'funds' that people use. Things practically outside your control. Yes, you and others can invest your personal wealth into whatever you want. But your gov old age stuff will invest into stuff like SpaceX regardless, and be exposed to potential risks should things collapse catastrophically. permalink fedilink source parent hideshow 2 child comments replies: [–] whoisearth@lemmy.ca 2 points 4 months ago (1 child) CPP is mandated to make a set return for the Canadian people and it's pretty loose on now they do that. I agree it's concerning them looking at morally questionable companies but money wants to make money and I would argue Canadians care more about having money for their retirement than they do the companies they're investing in. Case in point since Trump 45 we should have been collectively divesting in America yes we haven't. American companies even hostile ones still have a huge economic edge. I expect the CPP to be pragmatic and not invest based on their morals all the time. That makes for bad finances. Sucks but sadly this is the world. permalink fedilink source parent hideshow 1 child comment replies: [–] WildPalmTree@lemmy.world 1 point 4 months ago So the narrator was correct? permalink fedilink source parent
[–] whoisearth@lemmy.ca 2 points 4 months ago (3 children) Disagree with my pension and my RRSP I do have options for how I want to distribute my investments for example focusing on Canada or Europe or BRIC for investments or even dumping your money into a less risky but more stable money market. They're pretty diverse now. permalink fedilink source parent hideshow 3 child comments replies: [–] wampus@lemmy.ca 3 points 4 months ago (2 children) Other guys comment, and the note about pension funds, is more about how things like the CPP will invest in SpaceX -- as will many ETF/bundled type 'funds' that people use. Things practically outside your control. Yes, you and others can invest your personal wealth into whatever you want. But your gov old age stuff will invest into stuff like SpaceX regardless, and be exposed to potential risks should things collapse catastrophically. permalink fedilink source parent hideshow 2 child comments replies: [–] whoisearth@lemmy.ca 2 points 4 months ago (1 child) CPP is mandated to make a set return for the Canadian people and it's pretty loose on now they do that. I agree it's concerning them looking at morally questionable companies but money wants to make money and I would argue Canadians care more about having money for their retirement than they do the companies they're investing in. Case in point since Trump 45 we should have been collectively divesting in America yes we haven't. American companies even hostile ones still have a huge economic edge. I expect the CPP to be pragmatic and not invest based on their morals all the time. That makes for bad finances. Sucks but sadly this is the world. permalink fedilink source parent hideshow 1 child comment replies: [–] WildPalmTree@lemmy.world 1 point 4 months ago So the narrator was correct? permalink fedilink source parent
[–] wampus@lemmy.ca 3 points 4 months ago (2 children) Other guys comment, and the note about pension funds, is more about how things like the CPP will invest in SpaceX -- as will many ETF/bundled type 'funds' that people use. Things practically outside your control. Yes, you and others can invest your personal wealth into whatever you want. But your gov old age stuff will invest into stuff like SpaceX regardless, and be exposed to potential risks should things collapse catastrophically. permalink fedilink source parent hideshow 2 child comments replies: [–] whoisearth@lemmy.ca 2 points 4 months ago (1 child) CPP is mandated to make a set return for the Canadian people and it's pretty loose on now they do that. I agree it's concerning them looking at morally questionable companies but money wants to make money and I would argue Canadians care more about having money for their retirement than they do the companies they're investing in. Case in point since Trump 45 we should have been collectively divesting in America yes we haven't. American companies even hostile ones still have a huge economic edge. I expect the CPP to be pragmatic and not invest based on their morals all the time. That makes for bad finances. Sucks but sadly this is the world. permalink fedilink source parent hideshow 1 child comment replies: [–] WildPalmTree@lemmy.world 1 point 4 months ago So the narrator was correct? permalink fedilink source parent
[–] whoisearth@lemmy.ca 2 points 4 months ago (1 child) CPP is mandated to make a set return for the Canadian people and it's pretty loose on now they do that. I agree it's concerning them looking at morally questionable companies but money wants to make money and I would argue Canadians care more about having money for their retirement than they do the companies they're investing in. Case in point since Trump 45 we should have been collectively divesting in America yes we haven't. American companies even hostile ones still have a huge economic edge. I expect the CPP to be pragmatic and not invest based on their morals all the time. That makes for bad finances. Sucks but sadly this is the world. permalink fedilink source parent hideshow 1 child comment replies: [–] WildPalmTree@lemmy.world 1 point 4 months ago So the narrator was correct? permalink fedilink source parent
[–] WildPalmTree@lemmy.world 1 point 4 months ago So the narrator was correct? permalink fedilink source parent