I came across this today - where do you think Cathie will be heading long term? 🤔
"Once the largest actively managed ETF, $ARK $ARKK with nearly $30 billion under management has shrunk to about $9 billion, mostly due to investment losses."
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Looks like a kind of "covid hype ETF", I probably wouldn't go for that :)
This etf has a chance to be back in the limelight, but for me it has more risks than potential upside.
So the FOMO from mid 2020/2021 and the subsequent slump have been brutal. But those companies still exist and it will be enough even if only a few succeed. I think a return to the former highs may not take that long. 33% in the last 6 months is not bad.
Just an opinion, no recommendation🙂
Let's be surprised. I don't really trust the stock pick, but people obviously do 🤷♂️
It goes from ten to five