<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>anonu</author><text>Garbage article. This sentence got me:&lt;p&gt;&lt;pre&gt;&lt;code&gt;  Since BlackRock is allowed to buy up its own ETFs, this 
  means that taxpayers will be eating losses that might 
  otherwise accrue to billionaire Larry Fink’s company and 
  investors
&lt;/code&gt;&lt;/pre&gt;
What? The sentence indicates a deep misunderstanding of the subject which the author writes about. BlackRock is (mostly) a fund manager: they earn money on assets under management and not (broadly speaking) when the market goes up or down. If the ETFs BlackRock are buying go down, it simply means they are propping up the underlying holdings - the actual corporate bonds. They will then &amp;quot;create&amp;quot; ETF shares and give them to the Fed. Think of the ETF simply as an IOU.&lt;p&gt;BlackRock has also said they will be waiving the ETF fund management fee.</text><parent_chain></parent_chain></comment><story><title>BlackRock Is Bailing Out Its ETFs with Fed Money and Taxpayers Eating Losses</title><url>https://wallstreetonparade.com/2020/06/blackrock-is-bailing-out-its-etfs-with-fed-money-and-taxpayers-eating-losses-its-also-the-sole-manager-for-335-billion-of-federal-employees-retirement-funds/</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>Etheryte</author><text>For those not familiar with the company name, BlackRock owns iShares, which manages the largest S&amp;amp;P 500 ETF tracked in EUR [1]. This and many other ETFs by their brands are commonly recommended as solid entry points for beginner investors [2].&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.justetf.com&amp;#x2F;en&amp;#x2F;how-to&amp;#x2F;sp-500-etfs.html&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.justetf.com&amp;#x2F;en&amp;#x2F;how-to&amp;#x2F;sp-500-etfs.html&lt;/a&gt;&lt;p&gt;[2] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.benzinga.com&amp;#x2F;money&amp;#x2F;best-sp-500-etfs&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.benzinga.com&amp;#x2F;money&amp;#x2F;best-sp-500-etfs&amp;#x2F;&lt;/a&gt;</text><parent_chain></parent_chain></comment><story><title>BlackRock Is Bailing Out Its ETFs with Fed Money and Taxpayers Eating Losses</title><url>https://wallstreetonparade.com/2020/06/blackrock-is-bailing-out-its-etfs-with-fed-money-and-taxpayers-eating-losses-its-also-the-sole-manager-for-335-billion-of-federal-employees-retirement-funds/</url></story>