Comment by DaedalusII

1 day ago

you should have a look at proxy firms. you would be surprised

Could you explain to me how an investor owning SPY shares gets to control the proxy vote?

Oh, don't worry. I already know the answer. I'm asking if YOU can tell me the answer.

  • You can buy IVV instead and get the same exposure but this time you get to vote. Or you could just not own spy and buy the shares individually.

    • What 401k program do you or your peers have that allows you to buy funds outside of the few, selected by the 401k manager?

      I certainly can't buy individual shares in my 401k program. And very, very few programs I'm aware of ever offered that as an option.

      4 replies →

  • that what i mean. where do all those votes go? someone controls them. and those interests are bought and paid for

    • In practice?

      To Elon Musk and Mark Zuckerberg. Who have crafted companies who have virtually no voting rights but get purchased up by the masses through passive index funds.