Key insights
- The author expresses concerns about a potential market downturn and the integrity of the SP500/NASDAQ 100 due to expedited SpaceX inclusion. They chose Berkshire Hathaway (BRK) as a defensive play, citing its index-like performance, exclusion of SpaceX, and large cash reserves to capitalize on market dips. This reflects a cautious sentiment towards US equities.
Recently there's been a lot of stress on here about a potential dip / recession. Not to mention some questions regarding the integrity of the SP500 / NASDAQ 100 for the expedited inclusion of SpaceX when it IPOs.
As someone who isn't the most deft active trader, I opted to go for BRK instead. BRK performs similarly to an index fund, but I don't expect they will be touching SpaceX. They also have a lot of money on hand to make purchases if the market does end up dipping.
Just wanted to share my thoughts with people who might be stressing right now about current market conditions, hope it can be helpful to some people and allow them to worry a bit less.