4 ms·
I think people are very harsh on Cathie Wood. At the end of the day it is an ETF fund. She sets the % holdings and that's it. It trades by itself every millisec
by nbevans 4y ago
I think people are very harsh on Cathie Wood. At the end of the day it is an ETF fund. She sets the % holdings and that's it. It trades by itself every millisecond of every day to maintain those allocated %s. Of course it will rise and fall with the market, as it has done. Pretty much every tech/growth focused fund has done the same thing over the last two years.
It is very telling when people start writing "career obituaries" like this just because a stock is 50-70% down. What is it that Warren once said: If you can't stand your stock pick being 50% down then you shouldn't be doing stocks?
The macroeconomics is clear. Depopulation and digitisation are the major trends that will define the coming decades. If you're -50+% down on your tech/growth picks right now. It may be 1000%+ (gains) by the time you actually want to draw-down your investment during, say, retirement.