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u/cherrypoplar

r/literaciafinanceira r/singapore r/SingaporeRaw r/finansije r/investing
▲ 21 r/SingaporeRaw

AI is Singapore's new pseudoreligion

So many hallmarks of religion are present.

  1. Heaven/Hell: "If you have faith and use AI, you will be rewarded with riches. If you're an unbeliever, then it's damnation (no job) for you. You'd better join us."
  2. Miracles: "Look at all these amazing things that other people can do with AI! Just don't ask for evidence or an actual demonstration of value."
  3. Apocalypse: "The end of white-collar jobs is nigh. Just give it one more year. Don't ask me about my exact same prediction last year."
  4. Deification: "AI is the most powerful tool in human history and it will usher in the Fourth Industrial Revolution. Just wait till we hit AGI/ASI/A?I, any second now."
  5. Priesthood: "Dario Amodei just warned us that his new AI model is so powerful that it's dangerous to release. He must be right, he'd have no reason to lie to us."
reddit.com
u/cherrypoplar — 21 days ago
▲ 1.9k r/investing

To the people who are telling others "don't worry about your 401(k) because SpaceX is only going to be just 1% of your holdings"

You do realise that, after the rule changes made by the index controllers (like NASDAQ and FTSE), SpaceX is not going to be the only cash-burning company to suck exit liquidity from passive funds, right?

We already have OpenAI and Anthropic waiting in the pipelines (and who knows how many other unprofitable companies whose insiders need to cash out), preparing to use the exact same playbook that SpaceX is now trying.

How many "just 1%" hits should people be expected to tolerate for their investment and retirement funds?

reddit.com
u/cherrypoplar — 24 days ago
▲ 347 r/finansije+2 crossposts

The FTSE index has changed its rules to accelerate forced buying of SpaceX shares, which means that VWRA investors are now part of the exit liquidity.

https://www.channelnewsasia.com/business/spacex-set-fast-entry-us-global-indexes-under-new-ftse-rules-6143421

New rules are:

(1) IPOs are eligible even with less than 5% free float, as long as the free float meets the minimum requirement within 12 months after IPO

(2) IPOs with large market capitalisations will be included on the index (and bought by index funds) in 5 trading days after listing, under its "fast entry" rule.

This follows NASDAQ that has already changed its index rules. Watch as S&P follows suit.

u/BasLedeni — 1 month ago
▲ 23 r/singapore

Singamas shares plunge after US DOJ allegations against CEO Teo Siong Seng

One thing the article does not mention is that Pacific International Lines (which is the parent company of Singamas) is a Singapore company. But Pacific International Lines is not a listed company. Teo Siong Seng is also the executive chairman of Pacific International Lines.

straitstimes.com
u/cherrypoplar — 2 months ago
▲ 1.3k r/investing

Pension funds are (rightly) beginning to scrutinise the SpaceX IPO. They will likely take action to shield their funds from automatically buying SpaceX shares. Elon Musk's plan to turn passive investment funds into his bagholders is probably not going to work.

https://www.reuters.com/legal/government/investor-group-urges-sec-scrutinize-spacex-ipo-filing-avoid-conflicts-2026-05-06/

An investor group (SOC Investment Group) that advises pension funds said this: "We are specifically concerned that SpaceX's IPO will expose numerous investors – many ​unwillingly – to a company whose value may decline once its financial disclosures can ​be independently assessed and verified".

This indicates that institutions are now paying attention to the SpaceX IPO, and will likely take steps to protect their funds and their customers' funds from become SpaceX exit liquidity.

u/cherrypoplar — 2 months ago
▲ 532 r/singapore

Getting a lot of mixed messages from the media these days.

On one side we have the LinkedIn crowd saying that young people need to be "hungry" and work longer hours for less pay. Then on the other side we have the government urging us to have more babies sooner. But we only have 24 hours in a day, 365 days in a year.

So are we supposed to make more tax dollars or more kids?

reddit.com
u/cherrypoplar — 2 months ago