Uber Joins the S&P 500

Re:Uber Joins the S&P 500 by zzleeper on Friday December 01, 2023 @07:30PM (#38494517)

I wish there would be a way to just buy sp500 minus a list of firms, so I could invest in a diversified way without going into Uber and friends (or any other firms that make profits on paper without the cash flow to back it)

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Re:Uber Joins the S&P 500 by neilv on Friday December 01, 2023 @08:04PM (#38494740)

https://pebble.finance/

(Disclosure: The CEO is an acquaintance, but I have no financial interest.)

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Re:Uber Joins the S&P 500 by koolba on Friday December 01, 2023 @08:17PM (#38494819)

So buy SPY and short Uber?

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Re:Uber Joins the S&P 500 by zzleeper on Saturday December 02, 2023 @03:05PM (#38501537)

Can you do this easily? Without paying $$ in transaction costs due to shorting (plus margin)

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Re:Uber Joins the S&P 500 by afterburner on Friday December 01, 2023 @08:25PM (#38494878)

There's at least one ETF that tracks the top 50.

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Re:Uber Joins the S&P 500 by AdamJacobMuller on Friday December 01, 2023 @07:38PM (#38494571)

Most trading APIs are fairly simple, TD for example is very easy to use and very accessible. IBKR is a bit weirder in both protocol and access, but, works very well.

You can pretty trivially DIY that.

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Re:Uber Joins the S&P 500 by mynameishere on Friday December 01, 2023 @08:51PM (#38495040)

Fractional shares would work, if you don't want the expense and unreliability of shorting.

Simplest thing would be to find an actively-managed mutual fund that focuses on what you want. (Warning: What you want is probably to lose money compared to the rest of the market.)

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Re:Uber Joins the S&P 500 by JumpCrisscross on Friday December 01, 2023 @08:59PM (#38495104)

> firms that make profits on paper without the cash flow to back it

Uber is cash-flow positive [1].

Due to stock-based compensation, many profitable tech firms hit this metric before GAAP. Put another way, if you owned the entire business, you could sustainably extract those profits.

[1] https://s23.q4cdn.com/407969754/files/doc_earnings/2023/q3/e...

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Re:Uber Joins the S&P 500 by starcraft2wol on Friday December 01, 2023 @10:15PM (#38495548)

Be careful. The indexers might hear this and reassure you that the S&P is only optimal with Uber included at exactly the date it did and the fund will fail otherwise.

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Re:Uber Joins the S&P 500 by lolbase on Saturday December 02, 2023 @02:07AM (#38496604)

You can do this with most direct indexing solutions.

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