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During lockdown I found that a bag of ‘meme stocks’, like Gamestop and AMC was outperforming the ARKK ETF, and still does so in the current downturn. I don’t qu
by Gatsky 4y ago
During lockdown I found that a bag of ‘meme stocks’, like Gamestop and AMC was outperforming the ARKK ETF, and still does so in the current downturn. I don’t quite get how a huge ETF could perform worse than an obviously stupid investing strategy…
- hamiltonians 4y agoyes, as if she chose the worst stocks ever
- onlyrealcuzzo 4y agoThere's lots of ETFs underperforming meme stocks at the moment. ARK is not the only one.
- Gatsky 4y agoYes, that's a good point... but I think ARK must have by far the worst performance/hype ratio.
- redisman 4y agoIt’s no wonder it was hyped. Even I held ARKF for a little bit when I saw the +150% YoY returns and started feeling fomo. Thankfully I soon realized they had ran out of gas at the end of last year and moved to safer funds
- etempleton 4y agoMichael Lewis talks about his time on Wallstreet in Liar’s Poker and in several interviews. His take was that he had no idea what he was doing and realized that he was far from alone. He just knew enough to know he knew nothing; many his colleagues fooled themselves. I don’t think Cathie Woods has ever read a single book on investing. If she has she ignored everything she read.
- mym1990 4y agoI wouldn't extrapolate on what she has or hasn't read haha, that's just silly, but it is clear that she is a hardcore believer in high tech and is willing to go down swinging. The sad thing is that she will just blame a recession, or the fed, or something else for the poor performance, close up shop, and go on to the next thing. But plenty of people that invested with her won't be so lucky.
- nr2x 4y agoThe article says she gets her advice from the Holy Ghost. Literally.
- Gatsky 4y agoNot quite... she says there was divine inspiration for starting ARK, not that she is getting stock picks from God. God would never suggest buying the unholy creation that is Zoom.
- MarcelOlsz 4y agoMaybe God is one of us? On a call like one of us...
- tonguez 4y ago“I wouldn't extrapolate on what she has or hasn't read haha, that's just silly” i cringed reading that
- brightball 4y agoStuff like this makes me appreciate boring dividend stocks even more.
- ripper1138 4y agoDividends are gold the next 2 years.
- 4y ago
- anm89 4y agoMeme stocks outperformed basically everything at their peak so I feel like this isnt really saying all that much.