Total market ETFs are about to become exit liquidity for mega upcoming IPOs like spaceX and openAI
Passive investing is about to get ugly. Everyone acts like buying total market indexes such as VTI is low-risk, but we are walking into a massive trap with these upcoming mega IPOs. In the past, when companies like Amazon or Google IPOed at reasonable valuations of hundreds of millions or a couple of billion, the index funds bought in cheap and captured the ride up to trillions. The public got the growth. Now? Companies like OpenAI and SpaceX are staying private until they are massive. OpenAI