Episode Details

SpaceX priced at $135 a share, raised $75 billion, and hit an all-time high of $225 within days — then fell to $107. Dr. Jimmy Turner and Justin Harvey CFP break down how index funds actually decide what gets included in the index, why the S&P 500 said no to SpaceX while CRSP and the Russell 1000 said yes, and what that means for the total stock market index fund in your 401(k).

What you'll learn:

• Why an index fund doesn't pick stocks — it follows 3 rules: seasoning, profitability, and float
• How Nasdaq, Russell 1000, and CRSP cut IPO seasoning for SpaceX
• Why your money in an IPO often funds the private investors cashing out on the other side
• What Dimensional's 12-month IPO exclusion says about buying at the offering
• How to handle FOMO before Anthropic and OpenAI potentially go public

Resources mentioned:

• Looking to lower your taxes? Check out Gelt, the tax team Jimmy uses: https://moneymeetsmedicine.com/CPA
• Juno — Looking for a lower interest rate on your student loans?  Use group negotiated rates from Juno here: moneymeetsmedicine.com/juno
• Every physician needs disability insurance. Get quotes from Money Meets Medicine Disability Insurance: https://moneymeetsmedicine.com/disability 
• The Physician Philosopher's Guide to Personal Finance — free book for physicians — moneymeetsmedicine.com/freebook

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