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A comment on Robinhood S-1 IPO. Parent comment

Re:Robinhood S-1 IPO by 8note on Thursday July 01, 2021 @06:28PM (#27705658)
What do you mean when you say "democratized investing" ?

That people can get benefits from the stock markets? Or that investment/economic decisions van be made democratically?

Index funds rely on the the folks making the index to determine which stocks get bought -- who's on the s&P 500 is not a democratic process

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Re:Robinhood S-1 IPO by bidirectional on Friday July 02, 2021 @05:12AM (#27709405)
No, the contents of an index fund like SPY are determined by the prevailing market conditions. You're confusing index funds with actively managed funds. The market is a weighted voting machine so index funds are at least somewhat democratic.
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Re:Robinhood S-1 IPO by missedthecue on Friday July 02, 2021 @01:22AM (#27708052)
Board members are voted for by stockholders
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