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Just about everyone with retirement savings or a pension is a shareholder, usually via index funds. I’m not sure if you can access your voting rights for those shares, or if they’re handled by the index fund manager (who for sure is voting for profit at all costs)
Technically speaking you’re not the shareholder, but the fund is. You cannot get voting rights from owning ETFs.
Well, you’re a shareholder in that fund. The fund is a shareholder in the end companies.
In practice, this means Vanguard/Fidelity/Schwab/etc have people whose job it is to research and vote in shareholder meetings for the companies where the fund has significant ownership. That’s a big part of what the fund’s expense ratio is paying for.
The fund is a product
Typically, no. You don’t get to vote for an index or mutual fund.
I’ve found stocks to be a fun thing to kind of collect. That company seems fun and stocks are $34. Eh, I’ll buy one. And then just forget I have it. I don’t do day trading or anything like that. So it’s low stress and unless you are trying to buy a lot, relatively cheap. Occasionally you’ll even get 24 cents back!
No fr, just hang out at coffee shops and bars in financial districts, these people have no tact
They’re listed in the Epstein files
I’ve never quite understood, is a shareholder just someone with stock in a company or is it a level above that?
If it’s just stocks I theoretically own a few in Disney somewhere. It was a gift for being born.
You’re one of many minor shareholders. They give you in theory some say in the company, with one vote per share, but in practice you’re ignored. Then you have the major shareholders, owning millions in shares, and having some to big influence in the company. These are the people they invite to shareholder meetings. And then there is the special class of shareholders, think of Musk and Zuckerberg, that own now billions in shares that give them 10 votes per share for example so nobody can outvote them.
I never understood how special shares were legal. I mean, I do understand that it’s because the ownership class wants it that way, but it’s insane.
It’s literally letting people have their cake of controlling a company while eating it by selling the company off simultaneously.
Some special shares are cheaper, but you don’t get a vote. Those shares are for the sort that just wanna ride the corporate wave without any “guilt”.
I own 4 shares of IBM. A friend of my father’s bought one for me as a birth present, and it split twice since then.
at this pace you’ll own more shares than there are in the entire world by the time you’re 64
2 splits in 46 years is not that pace. But, nice ref.
Not sure if math joke or downfall of society joke.
Yes
