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This is designed for gullible people who think Inverse Cramer will beat the market Hint: It won't Hint: Inverse ARK is down 25% YTD and down 40% from peak. t
by deltree7 4y ago
This is designed for gullible people who think Inverse Cramer will beat the market
Hint: It won't
Hint: Inverse ARK is down 25% YTD and down 40% from peak.
tl;dr Memes are not the way to base your investment decision on
- BoorishBears 4y agoSARK seems to have outperformed ARK regardless unless I'm reading the wrong graph (which I might be to be fair) But honestly these meme ETFs aren't meant to be held long term, they're intraday funds. If you read their prospectus, they're charging you a lot to hold it with an expense ratio of 1.06% (compare that to VTSAX at .04%)
- AustinDev 4y agoARK started in 2020 SARK started near ARK's peak so the numbers will appear to favor SARK
- BoorishBears 4y agoSARK was a bet that ARK was overvalued, so they wouldn't have waited for ARK's massive gains to fully evaporate
- deltree7 4y agoIf it were a bet that it was overvalued, the minute it reached fair valuation, the ETF should have been dissolved and distributed the funds. The fact that it still exists means, they are happy to collect fees from gullible people who are pro/anti large-internet-personalities.
- paulpauper 4y agoyup that is why buying inverse funds is a bad idea they decay exponentially if you want to bet against Cramer, short the 1x funds or buy puts