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A comment on Bitcoin surpasses $50K as major companies jump into crypto. Parent comment

Re:Bitcoin surpasses $50K as major companies jump into crypto by the_giraffe on Tuesday February 16, 2021 @08:35PM (#26161517)
Did index funds exist 100 years ago? I'm pretty sure passive investing is a more recent phenomenon.
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Re:Bitcoin surpasses $50K as major companies jump into crypto by imtringued on Wednesday February 17, 2021 @06:01AM (#26165047)
>In 1926, it developed a 90-stock index, computed daily.

https://en.wikipedia.org/wiki/S%26P_500#History

This is just a technicality however. In practice you have to buy stocks according to the index yourself or invest into a fund that mirrors the index for you. The secret sauce in ETFs is that algorithms do the work of the fund manager and thus reduce costs.

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