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this post was submitted on 05 Jun 2024
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This is bullshit. My EV ETF is not doing well and I'm losing my investment while this jagoff gets to sell his stocks ahead of the announcements and runs away with the money? Fuck that shit.
Shareholders should fucking sue if the government ain't gonna arrest him for insider trading.
I wish I knew money enough to actually understand your comment, but here we are, both hating Elon and wanting him dealt with. Its beautiful really.
An ETF is an investment fund made up of stocks from different companies. A fund based on electric vehicle market could include Tesla, Chevrolet, Toyota, Ford, Kia and various other companies building EV parts like BASF or Northvolt for batteries or chargers.
The fund could be composed of, say, 30% Tesla, 10% Chevrolet, 10% Kia, 5% Ford, etc.
You can invest in the fund by purchasing parts, which then give you a return based on how many parts you bought and the performance of the stocks in the fund.
Does that make sense?
It does. Thanks. Maybe one day i'll ve able to put it to use... 😅
You should check out Investopedia. They have a lot of information about this kind of stuff.
Also, ETF stands for "exchange-traded-fund". I like to know what the initial strand for
It is important. And in this case, it's even exactly what it says on the label. As long as you know what a fund and an exchange are.
If you're using the ETF as a long term investment and you believe EVs are key to our future then you shouldn't worry about this too much (unless the ETF is made up of mostly TSLA in which case I'd not be too happy).
You've not lost money until you take it out of your investment.
True.
And Tesla is in the top 10 stocks with the highest percentage in the ETF. But doesn't hold as much importance as it used to it seems.
I just went and looked again and now the #1 is Nvidia. It used to be Tesla. I guess whoever is managing the fund was good enough to see what was going on and modified the investments.
I believe that normally companies have restricted time windows for trading for people who may have access to information about the company.
kagis
https://corpgov.law.harvard.edu/2021/06/02/determinants-of-insider-trading-windows/
Normally, yes. Working in a couple of big corporations, we would be told when we can't trade because of internal announcements. We could potentially be accused of insider trading. Unless this read a timed trade that was already scheduled ahead of time.