I checked my savings account and found that a substantial portion of it was invested in something called "FIDELITY COVINGTON TRUST"1 that I did not recognize and that showed no history of me buying it.
I googled for it and found a less generic and more sinister name:
Fund: Fidelity® Metaverse ETF
Investment Objective
The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Metaverse Index.
Uhhhh.
As far as I can tell, years ago I invested in a very generic index fund, "Fidelity® Large Cap Core Enhanced Index Fund", because the wise thing to do with your savings is invest it in a generic index fund, instead of trying to make clever decisions in a market where lots of people are paid to be cleverer than you. And then the fund I invested in was closed down and replaced with the fucking "metaverse".
The new disclosure has stuff that also calls it "Fidelity Crypto Industry and Digital Payments ETF". Apparently its value went up as a result of this transfer, despite that crypto companies are losing huge court battles and nobody wants a metaverse. Money is stupid.
Anyway I panic-sold all of it. Did I just make profits off of cryptocurrency though. I don't want that. I never wanted that.
I bet some piece of snail mail they sent me told me this was going to happen but lol I don't read those
1 Whoever Covington is, I do not trust him in the slightest.
