Comment by themgt
7 hours ago
I am upset that I am forced to either rebalance out of NASDAQ and incur significant tax consequences
Just to quantify, "The projected SpaceX weighting is around 0.6% of QQQ."
So if you have $100,000 invested in QQQ and SpaceX winds up say 4x overvalued, it may eventually wind up costing you as much as $450 (i.e. 1/5th as large a loss you experienced today in QQQ).
You are arguing I should be fine losing $500 so Elon can cash out? Because - and I hope this doesn't seem uncharitable - some sci-fi fantasy about space colonies?