this post was submitted on 17 Jun 2026
587 points (99.2% liked)

Curated Tumblr

7412 readers
84 users here now

For preserving the least toxic and most culturally relevant Tumblr heritage posts.

Here are some OCR tools to assist you in transcribing posts:

Don't be mean. I promise to do my best to judge that fairly.

founded 3 years ago
MODERATORS
Apytele@sh.itjust.works
ethaver@kbin.earth
587
The elusive shareholder (lemmy.world)
submitted 2 months ago by The_Picard_Maneuver@lemmy.world to c/curatedtumblr@sh.itjust.works
27 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] outstanding_bond@mander.xyz 49 points 2 months ago (3 children)

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)

[–] Tommelot@lemmy.world 27 points 2 months ago (2 children)

Technically speaking you're not the shareholder, but the fund is. You cannot get voting rights from owning ETFs.

[–] Bassman1805@lemmy.world 8 points 2 months ago (1 children)

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.

[–] diabetic_porcupine@lemmy.world 1 points 2 months ago

The fund is a product

[–] ParlimentOfDoom@piefed.zip 0 points 2 months ago

Many of them do, in fact, extend the ability to vote for your weighted portion to you.

[–] brygphilomena@lemmy.dbzer0.com 11 points 2 months ago

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!

[–] a_non_monotonic_function@lemmy.world 0 points 2 months ago

Lol, Imma call the CEO of index funds.