Happy Saturday!

It's time for another reader Q&A.

Each week, I answer all of the most interesting questions that land in my inbox.

As always, I can't provide personalized financial advice, but I'm happy to share my thoughts, research, and how I'm thinking about the market.

Let's get started.

Is it true that SpaceX can join the Nasdaq-100 after only 10 to 15 days instead of the 31 days previously required? And if this is true, what happens to my time to sell? – Christine

Yes, Christine! SpaceX could become eligible for the Nasdaq-100 as soon as 15 trading days after its IPO. It may also qualify for certain MSCI indexes roughly 10 trading days after going public.

Historically, newly public companies often had to wait six months to a year before joining major indexes.

Early inclusion should be a positive for the stock because index funds don't get to choose whether they buy SpaceX.

If SpaceX is added to an index, funds that track that benchmark must purchase shares in order to mirror the index – regardless of price.

For more info, check out my article from Wednesday.

Wouldn’t it make sense to buy SpaceX before all the institutions have to buy it and then sell it after the run up and then repurchase shares again later after there’s a downturn? And if there’s no downturn, then you’re in good shape? – Barbara

Thanks for the question, Barbara. You’re on the right track.

There's a real argument for buying early and then selling into the wave of demand that could arrive around days 10 to 15 if SpaceX joins the major indexes.

After all, if billions of dollars of passive money suddenly needs to buy the stock, somebody has to sell shares to them.

The challenge is that markets rarely follow a script.

What looks obvious in hindsight is much harder to execute in real time.

Maybe the stock jumps 30% and then pulls back.

Maybe it doubles and never gives you a second chance.

Nobody knows.

Personally, I'm betting investors will eventually get a better entry point as insider shares begin unlocking and the initial excitement fades.

I like your analogy, and if you don't mind, I'm borrowing it. – Dana

I believe you’re talking about my analogy from Wednesday’s article. Use it as much as you please! I’m glad it resonated.

Imagine your spouse sends you to the grocery store with a hyper-specific shopping list.

Rule #1 of your marriage is that you cannot deviate from the list.

You must buy every item exactly as written.

You walk into the produce section and see that Honeycrisp apples are suddenly selling for $450 per pound.

A rational shopper laughs, shakes his head, and buys bananas instead.

But you don't have that option.

The list says Honeycrisp apples.

So you sigh, pull out your wallet, and pay $450 per pound.

Believe it or not, this is exactly how trillions of dollars are invested every day – without the slightest thought given to the price paid.

Thank you for your advice once again. I purchased EchoStar (SATS) for exposure to SpaceX, but as SpaceX can now be purchased directly, when would be a good time to sell SATS in your opinion? – Don

Hey Don, I looked at SATS yesterday and was shocked to see the stock trading down 8%.

The company owns 262 million shares of SpaceX. And as I type… SpaceX is trading at $165/share.

That’s a $43 billion stake!

Yet EchoStar’s market cap is just $34 billion.

Yes, the company has a large debt load… and the underlying business is in decline.

But there’s an opportunity here.

Let me dig in more. But as of now… I’m not selling SATS.

I am 95 years old and a regular reader of your newsletter. I am preparing my family members to take over my portfolios soon. I would like to have them be able to receive copies of your newsletter. How can I do that? – Duane

Thanks for the question, Duane.

First, congratulations on actively managing your investments at 95. That's impressive.

The easiest solution is to have your family members subscribe via the Million Mission website.

That way they'll receive every issue directly in their inbox and won't have to rely on forwarded copies.

Feel free to send them this link: https://million-mission.com/

And thank you for being a longtime reader. I appreciate your support and wish you and your family all the best.

Do you recommend a crypto trading platform? And are there any 2x or 3x leveraged crypto ETFs you recommend? – Peachboy

Thanks for the questions! I recommend Coinbase or Robinhood.

Both are easy to use, offer access to the major cryptocurrencies, and make it simple to get started.

As for leveraged crypto ETFs, I generally avoid them.

A 2x or 3x leveraged ETF can be useful for short-term traders who are actively monitoring positions, but they're usually poor long-term investments because the daily rebalancing can erode returns over time.

Personally, I'd rather own Bitcoin or Ethereum directly than try to amplify returns with leverage.

Important Update: The Million Mission website is live!

I’ve gotten plenty of feedback regarding where to find previous alerts. Well, The Million Mission website is finally live and you can check out archived alerts here.

Portfolio Overview

Here’s what I’m currently holding in The Million Mission portfolio:

Fannie Mae (FNMA) – 2,500 shares @ $7.25/share

Uber Technologies (UBER) – 200 shares @ $80/share

Nvidia (NVDA) – 200 shares @ $179/share