Ask HN: How to make the best of the Mega IPO/ Index fund debacle?

4 pointsby jppope7 hours ago1 comment

akerl_7 hours ago
Best approach here is to do nothing differently than any other day. Invest your money in index funds, don't move it around, wait.
- jppope7 hours ago
  Can you substantiate why that would work in this case? From a fundamental perspective it looks like the AI companies (and Spacex) are looking to take advantage of the fact that no one is paying attention to increase the price of the stock during the IPO. Its likely that the public will pay higher prices without knowing because the price won't have stabilized.
  - bdangubic6 hours ago
    never buy index funds. this is what wealthy will tell you but none of them own index funds. how many of sp500 companies are doing great these days, growing, profitable…? 5% maybe. my financial well-being has dramatically changed since I stopped buying index funds 9 years ago. bunch of “smart” people will tell you “oh this is risky, bla bla” and it sure might be but while you might end up “rich” with index funds you won’t get wealthy. I will never again spend a penny in index funds (I am self-employed and manage my own i401k)