Author Topic: Any ARKK/ARKW ETF holders?  (Read 17606 times)

ice_beard

  • Bristles
  • ***
  • Posts: 251
  • Location: East Bay, CA
Re: Any ARKK/ARKW ETF holders?
« Reply #50 on: May 20, 2021, 10:50:52 AM »
Closed my ARKK positions on the up day.  Was able to take a small profit, but a sliver of what it was up back in Feb.  I chalk this up to a great learning experience with the following learning points..
 
A.  Don't be afraid to take profits.  If something looks too good to be true, it probably is.

Related to this... I could really use a strategy to follow regarding profit taking.  I'm tax averse and feel that holding for a year to reduce tax rates is a huge thing, but isn't everything.  But honestly, taxes weren't even part of my thought process when it came to buying these shares.  They were supposed to be part of my long term buy and hold portfolio.  Obviously this thinking has changed which leads into the second learning point.

B.  Don't stray too far from your investing thesis.  I was influenced by a good friend at work who is a big Tesla bull.  I admit to being lured by those obscene sp increases and wanted in on the action but didn't really want to buy TSLA itself because it's so woefully overvalued.   ARKK was my opportunity. 
I still believe TSLA is driven by near cult-like following of Lord Musk and once Cathie was attached to him by her bullish stance it spread to the rest of her holdings.  I do still hold ARKF positions, so I'm not out of ARK entirely. 

hodedofome

  • Handlebar Stache
  • *****
  • Posts: 1456
  • Age: 42
  • Location: Texas
Re: Any ARKK/ARKW ETF holders?
« Reply #51 on: May 20, 2021, 08:46:35 PM »
Just started a new 401k at work. Iím putting in 1/2 ARKW and 1/2 FNGU on this pullback.

These are only something to hold in a bull market. A bear market like 1970s, 2000 or 2008 will wipe these out. Hoping I can time the top well. I think we have several more years.

Rdy2Fire

  • Bristles
  • ***
  • Posts: 435
Re: Any ARKK/ARKW ETF holders?
« Reply #52 on: May 21, 2021, 06:01:43 AM »
I finally bought into ARK but neither the ARKK or ARKW.. I went with a small position in ARKX as I think that should see some great growth over time.

I get Cathy was the darling for 2020 and now people are questioning that and these funds but honestly in you're in it for the long haul you should see some good returns in any of these funds. The return on the ARK funds for 2020 were an anomaly but so was 2020 in general. I bought my 1st position in an unknown ETF way back when called QQQ, look at that now.

GreenEggs

  • Handlebar Stache
  • *****
  • Posts: 1401
  • Location: Here & There
Re: Any ARKK/ARKW ETF holders?
« Reply #53 on: May 21, 2021, 08:40:00 AM »
I finally bought into ARK but neither the ARKK or ARKW.. I went with a small position in ARKX as I think that should see some great growth over time.

I get Cathy was the darling for 2020 and now people are questioning that and these funds but honestly in you're in it for the long haul you should see some good returns in any of these funds. The return on the ARK funds for 2020 were an anomaly but so was 2020 in general. I bought my 1st position in an unknown ETF way back when called QQQ, look at that now.


ARKX held its ground from its IPO while the other ARKs fell sharply.  I agree that ARKX "should" climb steadily over time, but the other ARKs "should" recover relatively quickly towards their ATH's.  I think you just have to realize that these are all high risk & accept that they will move a lot more than safer investments. 

Rdy2Fire

  • Bristles
  • ***
  • Posts: 435
Re: Any ARKK/ARKW ETF holders?
« Reply #54 on: May 22, 2021, 08:03:02 AM »
I finally bought into ARK but neither the ARKK or ARKW.. I went with a small position in ARKX as I think that should see some great growth over time.

I get Cathy was the darling for 2020 and now people are questioning that and these funds but honestly in you're in it for the long haul you should see some good returns in any of these funds. The return on the ARK funds for 2020 were an anomaly but so was 2020 in general. I bought my 1st position in an unknown ETF way back when called QQQ, look at that now.


ARKX held its ground from its IPO while the other ARKs fell sharply.  I agree that ARKX "should" climb steadily over time, but the other ARKs "should" recover relatively quickly towards their ATH's.  I think you just have to realize that these are all high risk & accept that they will move a lot more than safer investments.

Totally agree. If in it for the long haul it will all be fine, if you want to watch it daily and day trade it you will have extreme highs and lows like the fund :)

vand

  • Handlebar Stache
  • *****
  • Posts: 1866
  • Location: UK
Re: Any ARKK/ARKW ETF holders?
« Reply #55 on: May 23, 2021, 04:07:39 AM »
I finally bought into ARK but neither the ARKK or ARKW.. I went with a small position in ARKX as I think that should see some great growth over time.

I get Cathy was the darling for 2020 and now people are questioning that and these funds but honestly in you're in it for the long haul you should see some good returns in any of these funds. The return on the ARK funds for 2020 were an anomaly but so was 2020 in general. I bought my 1st position in an unknown ETF way back when called QQQ, look at that now.


ARKX held its ground from its IPO while the other ARKs fell sharply.  I agree that ARKX "should" climb steadily over time, but the other ARKs "should" recover relatively quickly towards their ATH's.  I think you just have to realize that these are all high risk & accept that they will move a lot more than safer investments.

You really think companies operating in the "Space Travel & Innovation" sector are going to be low risk, cash generative, reliable steady earners that will consistently grow earnings year on year?


Rdy2Fire

  • Bristles
  • ***
  • Posts: 435
Re: Any ARKK/ARKW ETF holders?
« Reply #56 on: May 23, 2021, 06:26:35 AM »
I finally bought into ARK but neither the ARKK or ARKW.. I went with a small position in ARKX as I think that should see some great growth over time.

I get Cathy was the darling for 2020 and now people are questioning that and these funds but honestly in you're in it for the long haul you should see some good returns in any of these funds. The return on the ARK funds for 2020 were an anomaly but so was 2020 in general. I bought my 1st position in an unknown ETF way back when called QQQ, look at that now.


ARKX held its ground from its IPO while the other ARKs fell sharply.  I agree that ARKX "should" climb steadily over time, but the other ARKs "should" recover relatively quickly towards their ATH's.  I think you just have to realize that these are all high risk & accept that they will move a lot more than safer investments.

You really think companies operating in the "Space Travel & Innovation" sector are going to be low risk, cash generative, reliable steady earners that will consistently grow earnings year on year?

Yes because if you look at the holdings they really are more about innovation that can be applied to space then space travel. If you take a look there are companies like Boeing, Deere, Airbus, Netflix, chip makers etc. I saw an interview with Woods and they asked why Netflix in there. Her answer was related to how with more satellites being launched eventually a billion people without Netflix will be able to get it where there is no cable or options. My point is if you just think about it as companies like Virgin Galactic then I would think it's probably not a good investment currently but if you check out the holding I think it is. Of course I could be totally wrong but that's the gamble of the stock market right :) 

** Just went to find Top 10 holdings (attached)
« Last Edit: May 23, 2021, 06:29:19 AM by Rdy2Fire »

EliteZags

  • Stubble
  • **
  • Posts: 171
  • Location: Newport Beach, CA
Re: Any ARKK/ARKW ETF holders?
« Reply #57 on: June 08, 2021, 02:59:54 AM »
Closed my ARKK positions on the up day.  Was able to take a small profit, but a sliver of what it was up back in Feb.  I chalk this up to a great learning experience with the following learning points..
 
A.  Don't be afraid to take profits.  If something looks too good to be true, it probably is.

Related to this... I could really use a strategy to follow regarding profit taking.  I'm tax averse and feel that holding for a year to reduce tax rates is a huge thing, but isn't everything.  But honestly, taxes weren't even part of my thought process when it came to buying these shares.  They were supposed to be part of my long term buy and hold portfolio.  Obviously this thinking has changed which leads into the second learning point.

B.  Don't stray too far from your investing thesis.  I was influenced by a good friend at work who is a big Tesla bull.  I admit to being lured by those obscene sp increases and wanted in on the action but didn't really want to buy TSLA itself because it's so woefully overvalued.   ARKK was my opportunity. 
I still believe TSLA is driven by near cult-like following of Lord Musk and once Cathie was attached to him by her bullish stance it spread to the rest of her holdings.  I do still hold ARKF positions, so I'm not out of ARK entirely.


was part of your learning experience knowingly selling near a YTD low in the midst of a tech pullback prior to recovery?

joe189man

  • Pencil Stache
  • ****
  • Posts: 658
Re: Any ARKK/ARKW ETF holders?
« Reply #58 on: June 08, 2021, 09:23:11 AM »
I recently bought in around $104-105, i just opened my brokerage account back in March and fully admit i dont really know what i am doing. i am all sp500 and the like in my 401k, my brokerage account is ~1-2% of my 401k. i am using it to buy a random assortment of things like ARKK, Gold miners, AVUV, and VTI, just to get my feet wet and learn till it grows to where i need to be more serious with it.

ChpBstrd

  • Magnum Stache
  • ******
  • Posts: 4110
Re: Any ARKK/ARKW ETF holders?
« Reply #59 on: June 08, 2021, 10:21:14 AM »
Closed my ARKK positions on the up day.  Was able to take a small profit, but a sliver of what it was up back in Feb.  I chalk this up to a great learning experience with the following learning points..
 
A.  Don't be afraid to take profits.  If something looks too good to be true, it probably is.

Related to this... I could really use a strategy to follow regarding profit taking.  I'm tax averse and feel that holding for a year to reduce tax rates is a huge thing, but isn't everything.  But honestly, taxes weren't even part of my thought process when it came to buying these shares.  They were supposed to be part of my long term buy and hold portfolio.  Obviously this thinking has changed which leads into the second learning point.

B.  Don't stray too far from your investing thesis.  I was influenced by a good friend at work who is a big Tesla bull.  I admit to being lured by those obscene sp increases and wanted in on the action but didn't really want to buy TSLA itself because it's so woefully overvalued.   ARKK was my opportunity. 
I still believe TSLA is driven by near cult-like following of Lord Musk and once Cathie was attached to him by her bullish stance it spread to the rest of her holdings.  I do still hold ARKF positions, so I'm not out of ARK entirely.


was part of your learning experience knowingly selling near a YTD low in the midst of a tech pullback prior to recovery?

Tell us more about how you got the timing right.

vand

  • Handlebar Stache
  • *****
  • Posts: 1866
  • Location: UK
Re: Any ARKK/ARKW ETF holders?
« Reply #60 on: December 04, 2021, 01:34:47 AM »
The johnny come lately hot money chasers are now well and truly losing their shirts as last year's star performer becomes this year's turkey.

ARKK fund now down -31% YTD.

Normally I wouldn't say that was terrible in a high risk fund, bit it takes some doing in a year when the QQQ is up 20+%.
« Last Edit: December 04, 2021, 01:37:54 AM by vand »

goodmoneygoodlife

  • 5 O'Clock Shadow
  • *
  • Posts: 54
    • Good Money Good Life
Re: Any ARKK/ARKW ETF holders?
« Reply #61 on: December 05, 2021, 11:40:22 AM »
I don't know that ARKK is as bad as everyone says in the past few posts.

ARKK is more concentrated and meant to be a very long term hold anyway. It's down -31% from peak but it's basically impossible to time the market, as you know.

The reason for ARKK's volatility is their heavy concentration on one sector which is technology, which has been a sector that's been volatile since the great depression, but also responsible for the most long-term gains.

But it's like just watch, if PLTR or some other tech company skyrockets and ARKK goes up by 80%, everyone'll be like "Cathy Wood's A Genius!"

Easy to call the game with today's results. Hard to call any firm's performance over the long term. Though, if you were to pick a random sample size of funds, you'll probably find that most funds will simply underperform the S&P over the long term.

At the end of the day, buying ARKK is just like buying any super tech-heavy funds. It'll be volatile, but if it moons, you get a lambo.

ColoradoTribe

  • Stubble
  • **
  • Posts: 206
Re: Any ARKK/ARKW ETF holders?
« Reply #62 on: December 06, 2021, 11:46:11 PM »
ARK funds invest in companies based on 5-year time horizons, so kinda silly to critique fund performance based on the past 6 months. Only lesson here is donít invest in ARK funds if youíre gonna need the funds near term. They have subject matter experts in house and donít care about quarterly results, a rarity these days.
« Last Edit: January 11, 2022, 10:38:27 PM by ColoradoTribe »

vand

  • Handlebar Stache
  • *****
  • Posts: 1866
  • Location: UK
Re: Any ARKK/ARKW ETF holders?
« Reply #63 on: December 07, 2021, 03:09:45 AM »
I don't know that ARKK is as bad as everyone says in the past few posts.

ARKK is more concentrated and meant to be a very long term hold anyway. It's down -31% from peak but it's basically impossible to time the market, as you know.

The reason for ARKK's volatility is their heavy concentration on one sector which is technology, which has been a sector that's been volatile since the great depression, but also responsible for the most long-term gains.

But it's like just watch, if PLTR or some other tech company skyrockets and ARKK goes up by 80%, everyone'll be like "Cathy Wood's A Genius!"

Easy to call the game with today's results. Hard to call any firm's performance over the long term. Though, if you were to pick a random sample size of funds, you'll probably find that most funds will simply underperform the S&P over the long term.

At the end of the day, buying ARKK is just like buying any super tech-heavy funds. It'll be volatile, but if it moons, you get a lambo.

Most of my criticism is not really of ARKK or Cathie Wood, it's her so-called investors. It could just as easily be any fund and we'd have seen the same behaviour.

Look at the money flows into the fund early this year AFTER it had run up. All those people are now sitting on losses. Most of her investors are currently sitting on losses.

https://etfdb.com/etf/ARKK/#fund-flows

As I have said numerous times, its an open secret that most people who invest in stocks don't capture anything near the internal rate of return of the instrument they're investing in, because of sub optimal behaviour, buying high on FOMO and selling low on Panic. This is a classic real time example of that behaviour in action - your average ARK investor is just as stupid, emotional and driven by newsflow and as they have ever been.

ColoradoTribe

  • Stubble
  • **
  • Posts: 206
Re: Any ARKK/ARKW ETF holders?
« Reply #64 on: December 07, 2021, 07:22:24 AM »
I don't know that ARKK is as bad as everyone says in the past few posts.

ARKK is more concentrated and meant to be a very long term hold anyway. It's down -31% from peak but it's basically impossible to time the market, as you know.

The reason for ARKK's volatility is their heavy concentration on one sector which is technology, which has been a sector that's been volatile since the great depression, but also responsible for the most long-term gains.

But it's like just watch, if PLTR or some other tech company skyrockets and ARKK goes up by 80%, everyone'll be like "Cathy Wood's A Genius!"

Easy to call the game with today's results. Hard to call any firm's performance over the long term. Though, if you were to pick a random sample size of funds, you'll probably find that most funds will simply underperform the S&P over the long term.

At the end of the day, buying ARKK is just like buying any super tech-heavy funds. It'll be volatile, but if it moons, you get a lambo.

Most of my criticism is not really of ARKK or Cathie Wood, it's her so-called investors. It could just as easily be any fund and we'd have seen the same behaviour.

Look at the money flows into the fund early this year AFTER it had run up. All those people are now sitting on losses. Most of her investors are currently sitting on losses.

https://etfdb.com/etf/ARKK/#fund-flows

As I have said numerous times, its an open secret that most people who invest in stocks don't capture anything near the internal rate of return of the instrument they're investing in, because of sub optimal behaviour, buying high on FOMO and selling low on Panic. This is a classic real time example of that behaviour in action - your average ARK investor is just as stupid, emotional and driven by newsflow and as they have ever been.

Odd statement, you start by saying your issue is with ARK investors not ARK or Cathie, but then go on to admit that most investors in general are guilty of poor, emotional decision making, which begs the question, why single out ARK investors? Didnít buy at the peak, but Iíll admit to being underwater on two ARK funds that I purchased this year. Iím not worried in the slightest. I knew these are growth tech funds subject to high volatility. Kathy and crew invest based on a 5-year time horizon. I will hold these funds for that long or longer. Iíve held Tesla since 2013, so no stranger to volatility. I see the same type of special disdain that gets thrown at Tesla thrown at Cathie, which is ironic, since it seems its own form of emotional or illogical bias.

Bateaux

  • Handlebar Stache
  • *****
  • Posts: 2147
  • Location: Port Vincent
Re: Any ARKK/ARKW ETF holders?
« Reply #65 on: December 17, 2021, 09:11:22 AM »
I bought 200 shares of ARKK earlier this year at about the price it is now, 96 or 97 dollars.  I just put an order in for another 100 shares if it dios to 88 dollars.

vand

  • Handlebar Stache
  • *****
  • Posts: 1866
  • Location: UK
Re: Any ARKK/ARKW ETF holders?
« Reply #66 on: January 06, 2022, 05:49:37 AM »
As we all know, the deeper it falls, the harder it is just to get back.

Those investors who owned the peak and have ridden the -45% fall since then only need an 82% rally to get back. Let's call it 90% in real terms when you factor in all the inflation since then.

Yeah Cathie, you better be hitting those 30-40% returns you're forecasting...

« Last Edit: January 06, 2022, 05:51:53 AM by vand »

DaTrill

  • Bristles
  • ***
  • Posts: 297
Re: Any ARKK/ARKW ETF holders?
« Reply #67 on: January 06, 2022, 01:44:00 PM »
Broken clock is no longer correct.  The sooner ARK investors figure this out the better off they will be.  She is the Henry Blodgett of this era, will never learn and keep saying the same thing until she writes her tell-all book 10+ years from now. 

ColoradoTribe

  • Stubble
  • **
  • Posts: 206
Re: Any ARKK/ARKW ETF holders?
« Reply #68 on: January 06, 2022, 02:50:10 PM »
Broken clock is no longer correct.  The sooner ARK investors figure this out the better off they will be.  She is the Henry Blodgett of this era, will never learn and keep saying the same thing until she writes her tell-all book 10+ years from now.

People mocked her for her early on-board Tesla investment too. Sure, no guarantee of success going forward, but also way too early to say sheís selling snake oil. Her funds are down over the last six months, who cares, sheís very clear that ARK invests on a 5 year horizon. Tesla went mostly sideways for years....until it didnít. Those in then know that ignored the SP movement and focused on the companyís performance were rewarded. Thatís the nature of investing in disruptive technology. No need to argue it though, letís check back in a few years.

vand

  • Handlebar Stache
  • *****
  • Posts: 1866
  • Location: UK
Re: Any ARKK/ARKW ETF holders?
« Reply #69 on: January 07, 2022, 03:34:53 AM »
Broken clock is no longer correct.  The sooner ARK investors figure this out the better off they will be.  She is the Henry Blodgett of this era, will never learn and keep saying the same thing until she writes her tell-all book 10+ years from now.

People mocked her for her early on-board Tesla investment too. Sure, no guarantee of success going forward, but also way too early to say sheís selling snake oil. Her funds are down over the last six months, who cares, sheís very clear that ARK invests on a 5 year horizon. Tesla went mostly sideways for years....until it didnít. Those in then know that ignored the SP movement and focused on the companyís performance were rewarded. Thatís the nature of investing in disruptive technology. No need to argue it though, letís check back in a few years.

And that 5yr horizon is now a 4yr horizon since people piled in a year ago. 5 years is a very short period of time to setting expectations for your investors when most of your companies have never turned so much a a penny of profit.

On one hand you have Vanguard saying "do what we recommend and you should earn 3-4% for the next 10 years."

"On the other hand you have Cathie saying do what I recommend and you should earn 30-40% for the next 5 years."

Its possible both these could be accurate, but much more likely that one of them will be spectacularly wrong.

For all of Buffett and Munger's warts, they have never been stupid enough to start predicting their future performance, they always simply promise to do what best do is in their own power, which is to research and buy good companies at prices which provide a reasonable margin of safety based on the best estimate of the future cashflows of the business. They know how difficult it is to sustain even any positive excess return over time.

ColoradoTribe

  • Stubble
  • **
  • Posts: 206
Re: Any ARKK/ARKW ETF holders?
« Reply #70 on: January 07, 2022, 08:28:42 AM »
Broken clock is no longer correct.  The sooner ARK investors figure this out the better off they will be.  She is the Henry Blodgett of this era, will never learn and keep saying the same thing until she writes her tell-all book 10+ years from now.

People mocked her for her early on-board Tesla investment too. Sure, no guarantee of success going forward, but also way too early to say sheís selling snake oil. Her funds are down over the last six months, who cares, sheís very clear that ARK invests on a 5 year horizon. Tesla went mostly sideways for years....until it didnít. Those in then know that ignored the SP movement and focused on the companyís performance were rewarded. Thatís the nature of investing in disruptive technology. No need to argue it though, letís check back in a few years.

And that 5yr horizon is now a 4yr horizon since people piled in a year ago. 5 years is a very short period of time to setting expectations for your investors when most of your companies have never turned so much a a penny of profit.

On one hand you have Vanguard saying "do what we recommend and you should earn 3-4% for the next 10 years."

"On the other hand you have Cathie saying do what I recommend and you should earn 30-40% for the next 5 years."

Its possible both these could be accurate, but much more likely that one of them will be spectacularly wrong.

For all of Buffett and Munger's warts, they have never been stupid enough to start predicting their future performance, they always simply promise to do what best do is in their own power, which is to research and buy good companies at prices which provide a reasonable margin of safety based on the best estimate of the future cashflows of the business. They know how difficult it is to sustain even any positive excess return over time.

Someone who bought ARK-K Innovation Fund five years ago is up 390% on their investment. Thatís a 78% annual return even after the recent drop! Same for ARK-G, if you bought five years ago, youíre up 309% or 61% annual return. Remind me again of the problem here? Letís check in again in a few years because it's easy to kick ARK and Cathie when tech is dipping and ARK funds got overheated with new investors piling on. They were due for a retraction. Doesnít mean Cathie is a fraud. Past performance suggests Cathie and crew know what they're doing. Wall Street analysts set price targets all the time, usually one-year targets. Not sure why Cathie is getting singled out for offering guidance for a five-year horizon. Much like with Elon/Tesla, it comes off as personal somehow.

DaTrill

  • Bristles
  • ***
  • Posts: 297
Re: Any ARKK/ARKW ETF holders?
« Reply #71 on: January 07, 2022, 01:59:35 PM »
One can pick and choose start dates.  Nasdaq is benchmark and roughly flat given the additional risk over the life of the fund relative to this free index fund.  Her average dollar managed is down HUGE as she rode the Fed induced rip.  Now that this is ending, the tide is receding and showing her true investing skill.  Nobody can argue that she is enriching herself, but the majority of her investors are getting fleeced and drunk on her Kool-Aid.       
« Last Edit: January 07, 2022, 02:01:06 PM by DaTrill »

vand

  • Handlebar Stache
  • *****
  • Posts: 1866
  • Location: UK
Re: Any ARKK/ARKW ETF holders?
« Reply #72 on: January 07, 2022, 02:15:58 PM »
I have them all in my M1 taxable account. So far they are the 2nd best performers behind MSTR. I am for the most part a terrible stock picker and get nervous and sell at the wrong times and cannot stop tinkering. Realized some time ago that Cathy and crew do it much better then I and I will gladly pay them for the service. I tried being a value investor for over 10 years and got crushed over and over and over again. I have given up and joined the heard and sticking with innovation in my taxable account as I am tired of seeing everyone around me get rich while my portfolio stayed stagnant. I'm sure it will crash now that I have capitulated.

Without wishing to be unkind to @effigy98 , I think this post will mark the high watermark of the "Tech is the future, value is dead" trade, and the next few years will see a lot of mean reversion.

Agreed. The reversion has already started.

Couldn't really have called this one any better.

Since effergy98's post on 9th Feb 2021:

$10,000 invested in ARKK is worth about $6,500 today.
$10,000 invested in BRK.A is worth about $13,000 today.

So your investment would be worth twice as much today had you stuck with boring old Warren as it would have been with exciting Aunt Cathie - in under a year!

Yes, this is a cherry picked timeframe, but it's also an appropriate one, as it is from the peak frenzy when the inflows to the funds were going bananas, and everyone was proclaiming that "value is dead, innovation is the future!"

vand

  • Handlebar Stache
  • *****
  • Posts: 1866
  • Location: UK
Re: Any ARKK/ARKW ETF holders?
« Reply #73 on: January 07, 2022, 02:25:25 PM »
Broken clock is no longer correct.  The sooner ARK investors figure this out the better off they will be.  She is the Henry Blodgett of this era, will never learn and keep saying the same thing until she writes her tell-all book 10+ years from now.

People mocked her for her early on-board Tesla investment too. Sure, no guarantee of success going forward, but also way too early to say sheís selling snake oil. Her funds are down over the last six months, who cares, sheís very clear that ARK invests on a 5 year horizon. Tesla went mostly sideways for years....until it didnít. Those in then know that ignored the SP movement and focused on the companyís performance were rewarded. Thatís the nature of investing in disruptive technology. No need to argue it though, letís check back in a few years.

And that 5yr horizon is now a 4yr horizon since people piled in a year ago. 5 years is a very short period of time to setting expectations for your investors when most of your companies have never turned so much a a penny of profit.

On one hand you have Vanguard saying "do what we recommend and you should earn 3-4% for the next 10 years."

"On the other hand you have Cathie saying do what I recommend and you should earn 30-40% for the next 5 years."

Its possible both these could be accurate, but much more likely that one of them will be spectacularly wrong.

For all of Buffett and Munger's warts, they have never been stupid enough to start predicting their future performance, they always simply promise to do what best do is in their own power, which is to research and buy good companies at prices which provide a reasonable margin of safety based on the best estimate of the future cashflows of the business. They know how difficult it is to sustain even any positive excess return over time.

Someone who bought ARK-K Innovation Fund five years ago is up 390% on their investment. Thatís a 78% annual return even after the recent drop! Same for ARK-G, if you bought five years ago, youíre up 309% or 61% annual return. Remind me again of the problem here? Letís check in again in a few years because it's easy to kick ARK and Cathie when tech is dipping and ARK funds got overheated with new investors piling on. They were due for a retraction. Doesnít mean Cathie is a fraud. Past performance suggests Cathie and crew know what they're doing. Wall Street analysts set price targets all the time, usually one-year targets. Not sure why Cathie is getting singled out for offering guidance for a five-year horizon. Much like with Elon/Tesla, it comes off as personal somehow.

According to MorningStar, ARKK's 5yr annualised return is 34.38%

Of course that's a fantastic return. Except that hands up anyone in the room who was invested with them back in Jan 2017? No? Didn't think so. It's easy to pick out fund AFTER they have grown and say "look how well the holders have done" but the reality is that nobody puts any sort of meaningful amount of money into a fund before it has had its stellar performance period. People pile into funds after they have had a massive run up.

ColoradoTribe

  • Stubble
  • **
  • Posts: 206
Re: Any ARKK/ARKW ETF holders?
« Reply #74 on: January 11, 2022, 10:52:44 PM »
Broken clock is no longer correct.  The sooner ARK investors figure this out the better off they will be.  She is the Henry Blodgett of this era, will never learn and keep saying the same thing until she writes her tell-all book 10+ years from now.

People mocked her for her early on-board Tesla investment too. Sure, no guarantee of success going forward, but also way too early to say sheís selling snake oil. Her funds are down over the last six months, who cares, sheís very clear that ARK invests on a 5 year horizon. Tesla went mostly sideways for years....until it didnít. Those in then know that ignored the SP movement and focused on the companyís performance were rewarded. Thatís the nature of investing in disruptive technology. No need to argue it though, letís check back in a few years.

And that 5yr horizon is now a 4yr horizon since people piled in a year ago. 5 years is a very short period of time to setting expectations for your investors when most of your companies have never turned so much a a penny of profit.

On one hand you have Vanguard saying "do what we recommend and you should earn 3-4% for the next 10 years."

"On the other hand you have Cathie saying do what I recommend and you should earn 30-40% for the next 5 years."

Its possible both these could be accurate, but much more likely that one of them will be spectacularly wrong.

For all of Buffett and Munger's warts, they have never been stupid enough to start predicting their future performance, they always simply promise to do what best do is in their own power, which is to research and buy good companies at prices which provide a reasonable margin of safety based on the best estimate of the future cashflows of the business. They know how difficult it is to sustain even any positive excess return over time.

Someone who bought ARK-K Innovation Fund five years ago is up 390% on their investment. Thatís a 78% annual return even after the recent drop! Same for ARK-G, if you bought five years ago, youíre up 309% or 61% annual return. Remind me again of the problem here? Letís check in again in a few years because it's easy to kick ARK and Cathie when tech is dipping and ARK funds got overheated with new investors piling on. They were due for a retraction. Doesnít mean Cathie is a fraud. Past performance suggests Cathie and crew know what they're doing. Wall Street analysts set price targets all the time, usually one-year targets. Not sure why Cathie is getting singled out for offering guidance for a five-year horizon. Much like with Elon/Tesla, it comes off as personal somehow.

According to MorningStar, ARKK's 5yr annualised return is 34.38%

Of course that's a fantastic return. Except that hands up anyone in the room who was invested with them back in Jan 2017? No? Didn't think so. It's easy to pick out fund AFTER they have grown and say "look how well the holders have done" but the reality is that nobody puts any sort of meaningful amount of money into a fund before it has had its stellar performance period. People pile into funds after they have had a massive run up.

ARK invests on a 5-year horizon. Folks who did invest 5 years ago have been richly rewarded. Letís check back in four years to see if folks who invested last year fare as well or not. The numbers are the numbers. Just think it odd everyone, including FIRE folks who are supposed to take the long view, are writing off a volatile technology/innovation fund after a six month pull back that has hammered a lot of technology stocks. Folks love to denigrate a stock/fund that they didnít catch the minute it pulls back.

DaTrill

  • Bristles
  • ***
  • Posts: 297
Re: Any ARKK/ARKW ETF holders?
« Reply #75 on: January 13, 2022, 01:07:58 PM »


ARK invests on a 5-year horizon. Folks who did invest 5 years ago have been richly rewarded. Letís check back in four years to see if folks who invested last year fare as well or not. The numbers are the numbers. Just think it odd everyone, including FIRE folks who are supposed to take the long view, are writing off a volatile technology/innovation fund after a six month pull back that has hammered a lot of technology stocks. Folks love to denigrate a stock/fund that they didnít catch the minute it pulls back.
[/quote]

Bernie Madoff also stressed his long-term horizon.  This is what all failing money managers stress "Look in the rearview mirror, DAMMIT".  ARKK has lost more money for investors and the market is at an all-time high, if/when the market tanks, how do you think ARKK will perform?  There are always dead cat bounces as market turns, but ARKK investors getting crushed, ARKK managers are getting rich and the market is still peaking.  It's pretty obvious why the media still champions Wood as a stock picking "genius" despite utter failure for most investors.           

ColoradoTribe

  • Stubble
  • **
  • Posts: 206
Re: Any ARKK/ARKW ETF holders?
« Reply #76 on: January 13, 2022, 09:13:51 PM »


ARK invests on a 5-year horizon. Folks who did invest 5 years ago have been richly rewarded. Letís check back in four years to see if folks who invested last year fare as well or not. The numbers are the numbers. Just think it odd everyone, including FIRE folks who are supposed to take the long view, are writing off a volatile technology/innovation fund after a six month pull back that has hammered a lot of technology stocks. Folks love to denigrate a stock/fund that they didnít catch the minute it pulls back.

Bernie Madoff also stressed his long-term horizon.  This is what all failing money managers stress "Look in the rearview mirror, DAMMIT".  ARKK has lost more money for investors and the market is at an all-time high, if/when the market tanks, how do you think ARKK will perform?  There are always dead cat bounces as market turns, but ARKK investors getting crushed, ARKK managers are getting rich and the market is still peaking.  It's pretty obvious why the media still champions Wood as a stock picking "genius" despite utter failure for most investors.           
[/quote]

You lost me at Bernie Madoff.

vand

  • Handlebar Stache
  • *****
  • Posts: 1866
  • Location: UK
Re: Any ARKK/ARKW ETF holders?
« Reply #77 on: January 14, 2022, 12:10:00 PM »
To my point about ARKK being one of those notorious hype funds where everyone jumps in at the top and a major reason why it's not a good idea to invest in higher risk funds - because although sometimes they do sometimes manage to generate higher returns, for the average investor this is nearly always negated by their volatility which engenders massively suboptimal investor behaviour.

https://www.morningstar.com/articles/1071658/arkk-an-object-lesson-in-how-not-to-invest

Quote
Over the past five years, for example, the fundís 41.3% annualized return places it among the top five best-performing U.S. equity funds and ETFs, and it trounced the S&P 500 (the benchmark listed in its prospectus) by more than 15 percentage points per year. After the adjusting for the timing of cash inflows and outflows, though, we estimate that investors earned less than a fourth of that return. ARKKís estimated 9.9% investor return over the past five years lagged its benchmark by about 8 percentage points per year.


Blender Bender

  • Stubble
  • **
  • Posts: 139
  • Location: Vancouver, BC
Re: Any ARKK/ARKW ETF holders?
« Reply #78 on: January 14, 2022, 01:45:58 PM »
Well, I am an individual of a low faith. I don't have faith in churches, bitcoins, any Woods, or any religions like that. I trust science.   

I don't believe in some "Easy Buttons". Buying crypto, ARK to get rich seems to me too easy to be true. Meaning my brain says "false prophets", turn away.

Thus I only stick to passive major indexes.

But in general i think that in the longer term US market, technology (as a major component) is the place to be.

I wish i could be more a person of faith, but i'm too inferior somehow.

Maybe if i could join some "religion", it would make me very rich and very happy?
Any pointers how to become a persons of faith would be welcomed; maybe i'm losing something (that i'm not aware of)?
« Last Edit: January 14, 2022, 02:08:13 PM by ArnoldK »

vand

  • Handlebar Stache
  • *****
  • Posts: 1866
  • Location: UK
Re: Any ARKK/ARKW ETF holders?
« Reply #79 on: January 18, 2022, 03:11:00 PM »
And the air continues to escape from these money burning turkey funds.

At todayís closing price the ARKK fund needs to more than double to get back to the peak price it was at only 11 months ago. Some of the other ETFs bandied about in this thread like the next rocket ship have fared even worse.

This was a ďdisruptive techĒ bubble propelled by hype and hope that is now popping. Just as with dotcom stocks, a few of the companies in these funds may one day become viable long term businesses, but all of them already trade at eyewatering valuations, and the vast majority of them will never turn a profit and go bust.

It doesnít matter how clever or disruptive a company is, or even how fast it is growing. If you overpay for it then your results will be mediocre.

DaTrill

  • Bristles
  • ***
  • Posts: 297
Re: Any ARKK/ARKW ETF holders?
« Reply #80 on: January 18, 2022, 10:56:35 PM »
The situation at ARK is quite complex as they received a ton of new money last year, ran up low float securities and are now stuck.  Every redemption causes more sales, which causes more redemptions. The exact opposite of what happened last year when more new money resulted in buying more, higher prices, more money, buying more.  Their only hope is some kind of merger where ARK redemptions could be offset in house.

ARK managers are CRUSHING it, but investors are getting fleeced, with no end in sight.     

vand

  • Handlebar Stache
  • *****
  • Posts: 1866
  • Location: UK
Re: Any ARKK/ARKW ETF holders?
« Reply #81 on: January 19, 2022, 12:00:01 AM »
The situation at ARK is quite complex as they received a ton of new money last year, ran up low float securities and are now stuck.  Every redemption causes more sales, which causes more redemptions. The exact opposite of what happened last year when more new money resulted in buying more, higher prices, more money, buying more.  Their only hope is some kind of merger where ARK redemptions could be offset in house.

ARK managers are CRUSHING it, but investors are getting fleeced, with no end in sight.     

It was also a marketing gimmick to set up the funds under ETF structure. These are high fee actively managed funds.

One of the reasons Buffett set up Berkshire as a close ended company was so that he would never come under pressure to sell to meet redemptions when stocks were falling.

Ben Carlson & Michael Batnick discuss ARKK and a lot of the points that I've highlighted in my last few posts, mainly about cashflows and how the money always pours in after the big move. https://awealthofcommonsense.com/2022/01/animal-spirits-25-million-new-brokerage-accounts/
« Last Edit: January 19, 2022, 10:21:44 AM by vand »

DaTrill

  • Bristles
  • ***
  • Posts: 297
Re: Any ARKK/ARKW ETF holders?
« Reply #82 on: January 19, 2022, 06:54:18 PM »
The situation at ARK is quite complex as they received a ton of new money last year, ran up low float securities and are now stuck.  Every redemption causes more sales, which causes more redemptions. The exact opposite of what happened last year when more new money resulted in buying more, higher prices, more money, buying more.  Their only hope is some kind of merger where ARK redemptions could be offset in house.

ARK managers are CRUSHING it, but investors are getting fleeced, with no end in sight.     

It was also a marketing gimmick to set up the funds under ETF structure. These are high fee actively managed funds.

One of the reasons Buffett set up Berkshire as a close ended company was so that he would never come under pressure to sell to meet redemptions when stocks were falling.

Ben Carlson & Michael Batnick discuss ARKK and a lot of the points that I've highlighted in my last few posts, mainly about cashflows and how the money always pours in after the big move. https://awealthofcommonsense.com/2022/01/animal-spirits-25-million-new-brokerage-accounts/

Yep.  One has to assume ARK was either devious in purposedly setting up the fund to gain from running up illiquid securities, showing performance and gaining AUM, without care if the investor makes money or they are total idiots chasing performance and will end much like when a dog finally catches up to the car.  You can't have it both ways.   

I'm sure there is a more eloquent name, but these could be called "one-way strategies" where nobody can get out.  This is similar to the perma-buy analyst, it looks good while the company is doing well, but only works one way.  ARK will come out with more "We will make 40% for the next five years" delusions when they are crushing the average ARK investor (down 27% as of below calculation). 

Weighted by when inflows occurred, the average investor in five ARK ETFs is sitting on a 27% loss, Bespoke Investment Group wrote in a Tuesday note. The firm monitors a slew of the firmís funds as a proxy for market risk appetite.

Read more at: https://www.bloombergquint.com/markets/cathie-wood-s-famous-outperformance-versus-the-s-p-500-is-fading
Copyright © BloombergQuint       

RobertFromTX

  • 5 O'Clock Shadow
  • *
  • Posts: 81
Re: Any ARKK/ARKW ETF holders?
« Reply #83 on: January 19, 2022, 07:40:17 PM »
Prior to Ark, didn't Cathie's other funds also have a bottle-rocket type trajectory?

Also, if she was telling everyone she invests on a 5 year time frame, and ARKK is 5 years old last year... wasn't she basically telling you to get out?

Abe

  • Handlebar Stache
  • *****
  • Posts: 2472
Re: Any ARKK/ARKW ETF holders?
« Reply #84 on: January 19, 2022, 07:49:30 PM »
So was ark basically a ponzi scheme? Or just the standard active investment fad nonsense?

RobertFromTX

  • 5 O'Clock Shadow
  • *
  • Posts: 81
Re: Any ARKK/ARKW ETF holders?
« Reply #85 on: January 19, 2022, 08:05:52 PM »
So was ark basically a ponzi scheme? Or just the standard active investment fad nonsense?

Back in the day the were called pump and dump schemes.

Abe

  • Handlebar Stache
  • *****
  • Posts: 2472
Re: Any ARKK/ARKW ETF holders?
« Reply #86 on: January 19, 2022, 08:12:08 PM »
So was ark basically a ponzi scheme? Or just the standard active investment fad nonsense?

Back in the day the were called pump and dump schemes.

Ah yeah, thatís the term I was thinking! Thanks!

vand

  • Handlebar Stache
  • *****
  • Posts: 1866
  • Location: UK
Re: Any ARKK/ARKW ETF holders?
« Reply #87 on: January 20, 2022, 02:31:33 AM »
The situation at ARK is quite complex as they received a ton of new money last year, ran up low float securities and are now stuck.  Every redemption causes more sales, which causes more redemptions. The exact opposite of what happened last year when more new money resulted in buying more, higher prices, more money, buying more.  Their only hope is some kind of merger where ARK redemptions could be offset in house.

ARK managers are CRUSHING it, but investors are getting fleeced, with no end in sight.     

It was also a marketing gimmick to set up the funds under ETF structure. These are high fee actively managed funds.

One of the reasons Buffett set up Berkshire as a close ended company was so that he would never come under pressure to sell to meet redemptions when stocks were falling.

Ben Carlson & Michael Batnick discuss ARKK and a lot of the points that I've highlighted in my last few posts, mainly about cashflows and how the money always pours in after the big move. https://awealthofcommonsense.com/2022/01/animal-spirits-25-million-new-brokerage-accounts/

Yep.  One has to assume ARK was either devious in purposedly setting up the fund to gain from running up illiquid securities, showing performance and gaining AUM, without care if the investor makes money or they are total idiots chasing performance and will end much like when a dog finally catches up to the car.  You can't have it both ways.   

I'm sure there is a more eloquent name, but these could be called "one-way strategies" where nobody can get out.  This is similar to the perma-buy analyst, it looks good while the company is doing well, but only works one way.  ARK will come out with more "We will make 40% for the next five years" delusions when they are crushing the average ARK investor (down 27% as of below calculation). 

Weighted by when inflows occurred, the average investor in five ARK ETFs is sitting on a 27% loss, Bespoke Investment Group wrote in a Tuesday note. The firm monitors a slew of the firmís funds as a proxy for market risk appetite.

Read more at: https://www.bloombergquint.com/markets/cathie-wood-s-famous-outperformance-versus-the-s-p-500-is-fading
Copyright © BloombergQuint       


We haven't even come close to a panic selling bottom yet, as most investors are grimly hanging on and trying to convince themselves that the story is much better than the reality.  If you think the current falls are savage, just wait until investors have head to the fire exit and these funds become forced sellers to meet redemptions.

Quote
Still, ARK and Wood manage to command remarkable investor loyalty. The latest data showed an inflow of about $193 million into ARKK. And almost all of the more than $15 billion drop in assets managed by the fund has come from underperformance rather than outflows.

We're somewhere around the "denial" stage


bacchi

  • Walrus Stache
  • *******
  • Posts: 6156
Re: Any ARKK/ARKW ETF holders?
« Reply #88 on: January 20, 2022, 01:28:17 PM »
ARKK is destined to be a survivorship bias example.

DaTrill

  • Bristles
  • ***
  • Posts: 297
Re: Any ARKK/ARKW ETF holders?
« Reply #89 on: January 20, 2022, 06:59:44 PM »
Could get ugly for ARK and other investors who are looking 5 years forward.  No new buyers, bottom is a long way down. 

DaTrill

  • Bristles
  • ***
  • Posts: 297
Re: Any ARKK/ARKW ETF holders?
« Reply #90 on: January 20, 2022, 07:28:40 PM »
So was ark basically a ponzi scheme? Or just the standard active investment fad nonsense?

This appears to be more of a market manipulation as ARK appeared to target illiquid stocks, run them up to report performance, increase AUM and let the fees enrich the managers.  There is no plan for any redemptions and why even small redemptions cause major losses for shareholders.  It's similar to AMC/GME where nobody thinks the companies are worth anything but ran them up to squeeze shorts.     

Another more scathing article. 

https://www.ft.com/content/07d9b3c3-9c8a-4d0f-bf25-a9e419d5b949?shareType=nongift 

DaTrill

  • Bristles
  • ***
  • Posts: 297
Re: Any ARKK/ARKW ETF holders?
« Reply #91 on: January 21, 2022, 11:29:40 AM »
Margin calls involving ARK holdings will start today or Monday and just crush the strategy.  As bad as it looks now, the margin calls will make this look like a pleasant market dip.  Every firm is different, but most give a few days to meet calls, and then start selling everything. 

mistymoney

  • Handlebar Stache
  • *****
  • Posts: 1156
Re: Any ARKK/ARKW ETF holders?
« Reply #92 on: January 21, 2022, 01:04:32 PM »

I don't understand why there'd be margin calls in particular on ark funds.


Is ark a leveraged ETF? Even so, if you buy a leveraged fund, doesn't that mean you just magnify your gains/loses, not that you yourself are actually on margin?


If not, it's just a managed fund that has lost a lot of money recently. Are there figures on how many holders are on margin? I do see there is a bit of short interest in ARKK.

DaTrill

  • Bristles
  • ***
  • Posts: 297
Re: Any ARKK/ARKW ETF holders?
« Reply #93 on: January 21, 2022, 04:48:14 PM »

I don't understand why there'd be margin calls in particular on ark funds.


Is ark a leveraged ETF? Even so, if you buy a leveraged fund, doesn't that mean you just magnify your gains/loses, not that you yourself are actually on margin?


If not, it's just a managed fund that has lost a lot of money recently. Are there figures on how many holders are on margin? I do see there is a bit of short interest in ARKK.

It's the underlying securities owned by ARK have been crushed and will trigger margin calls.  Anyone holding these (PTON, ROKU, ZM, PLTR, other junk tech) in a margin account will most likely have margin calls, ARK will go down when investors holding these individual securities have to sell, ARK lower, cascade lower, only significant new money can stop the cascade lower.  There is nothing wrong with ARK and Archegos, LTCM or other one way strategy as long as investors understand this is a lottery ticket and eventually it will be worthless and trade appropriately.   
« Last Edit: January 21, 2022, 04:49:52 PM by DaTrill »

vand

  • Handlebar Stache
  • *****
  • Posts: 1866
  • Location: UK
Re: Any ARKK/ARKW ETF holders?
« Reply #94 on: January 24, 2022, 05:45:18 AM »
sorry, I can't resist..


mistymoney

  • Handlebar Stache
  • *****
  • Posts: 1156
Re: Any ARKK/ARKW ETF holders?
« Reply #95 on: January 24, 2022, 10:12:40 AM »

I don't understand why there'd be margin calls in particular on ark funds.


Is ark a leveraged ETF? Even so, if you buy a leveraged fund, doesn't that mean you just magnify your gains/loses, not that you yourself are actually on margin?


If not, it's just a managed fund that has lost a lot of money recently. Are there figures on how many holders are on margin? I do see there is a bit of short interest in ARKK.

It's the underlying securities owned by ARK have been crushed and will trigger margin calls.  Anyone holding these (PTON, ROKU, ZM, PLTR, other junk tech) in a margin account will most likely have margin calls, ARK will go down when investors holding these individual securities have to sell, ARK lower, cascade lower, only significant new money can stop the cascade lower.  There is nothing wrong with ARK and Archegos, LTCM or other one way strategy as long as investors understand this is a lottery ticket and eventually it will be worthless and trade appropriately.

Thanks, this logic makes more sense to me on how that margin might effect it, but that is really true of any mutual or ETF then, and everyone is down today....so seems we are all hitting the domino effect.

In terms of ARK stocks being junk, I'm wondering why and how that is being determined? roku and zm seem like solid companies to me, I know pton is suddenly facing hurdles - but I don't see it listed for arkk

I just started looking into this with this thread and wondering if this is a good buying opportunity. 


habanero

  • Handlebar Stache
  • *****
  • Posts: 1067
Re: Any ARKK/ARKW ETF holders?
« Reply #96 on: January 24, 2022, 10:39:45 AM »
Thanks, this logic makes more sense to me on how that margin might effect it, but that is really true of any mutual or ETF then, and everyone is down today....so seems we are all hitting the domino effect.

ARK also has big positions in fairly small companies. So what works on the way up repeats on the way down, new inflow due to FOMO, more money to invest, bids up prices of these shares in the process, returns get even better which attracts more fresh money and so on. When it tanks, the same process works in reverse.

DaTrill

  • Bristles
  • ***
  • Posts: 297
Re: Any ARKK/ARKW ETF holders?
« Reply #97 on: January 24, 2022, 01:41:08 PM »

I don't understand why there'd be margin calls in particular on ark funds.


Is ark a leveraged ETF? Even so, if you buy a leveraged fund, doesn't that mean you just magnify your gains/loses, not that you yourself are actually on margin?


If not, it's just a managed fund that has lost a lot of money recently. Are there figures on how many holders are on margin? I do see there is a bit of short interest in ARKK.

It's the underlying securities owned by ARK have been crushed and will trigger margin calls.  Anyone holding these (PTON, ROKU, ZM, PLTR, other junk tech) in a margin account will most likely have margin calls, ARK will go down when investors holding these individual securities have to sell, ARK lower, cascade lower, only significant new money can stop the cascade lower.  There is nothing wrong with ARK and Archegos, LTCM or other one way strategy as long as investors understand this is a lottery ticket and eventually it will be worthless and trade appropriately.

Thanks, this logic makes more sense to me on how that margin might effect it, but that is really true of any mutual or ETF then, and everyone is down today....so seems we are all hitting the domino effect.

In terms of ARK stocks being junk, I'm wondering why and how that is being determined? roku and zm seem like solid companies to me, I know pton is suddenly facing hurdles - but I don't see it listed for arkk

I just started looking into this with this thread and wondering if this is a good buying opportunity.

Investors are not using WMT, PG, BAC, JPM, PFE, HD in margin accounts.  ARK purposedly bought companies with low liquidity to drive up the price.  Buying $1,000,000 of PLTR vs buying the same amount in MSFT is completely different.  ARK is a one-way trade, which will cut both ways. 

vand

  • Handlebar Stache
  • *****
  • Posts: 1866
  • Location: UK
Re: Any ARKK/ARKW ETF holders?
« Reply #98 on: January 28, 2022, 01:30:04 AM »
The slope of hope is eternal, and we are nowhere near capitulation yet.

People are not yet heading for the exits...Rather, the opposite is happening. People are piling INTO the fund even as it tanks - half a billion of net inflows in the last fortnight.
https://etfdb.com/etf/ARKK/#fund-flows

Perhaps this is the first time in history that the lemmings actually wisen up and buy at the bottom... or maybe its just a fresh injection of positive sentiment that will need to be crushed before the bottom is in.

DaTrill

  • Bristles
  • ***
  • Posts: 297
Re: Any ARKK/ARKW ETF holders?
« Reply #99 on: February 02, 2022, 05:33:43 PM »
The slope of hope is eternal, and we are nowhere near capitulation yet.

People are not yet heading for the exits...Rather, the opposite is happening. People are piling INTO the fund even as it tanks - half a billion of net inflows in the last fortnight.
https://etfdb.com/etf/ARKK/#fund-flows

Perhaps this is the first time in history that the lemmings actually wisen up and buy at the bottom... or maybe its just a fresh injection of positive sentiment that will need to be crushed before the bottom is in.

This is one of the more insidious legal investment schemes I've seen, as financial news is still pumping her as some kind of stock picking guru.  ARK is one of the worst performing public investment when evaluated on dollar return to investors and getting worse.  A few weeks ago the average dollar invested was down nearly 30% before the last two weeks of January.  There is no way to exit most trades as the stock ARK owns have low liquidity.  The sooner investors get out the better.