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re: The ARKK’s about to take on water?
Posted on 3/3/21 at 2:40 pm to jchamil
Posted on 3/3/21 at 2:40 pm to jchamil
I’m a long term ETF Indexer. I like keeping things simple and diversified while preferring a passive investment style. With the sale of ARKK my portfolio is now literally 4 ETF’s. An S&P Index, a International Index, an mREIT ETF and a short term Corp Bond ETF.
Buying ARKK was a risk I took knowingly as I got lured into the quick returns; but, the fact is the companies in much of ARK’s portfolios are not profitable. Many aren’t even earning revenue at all.
Many of the companies they hold are also the fodder of places like Reddit/WSB which makes me increasingly uncomfortable. Seeing ARKK increase its exposure to the EV bubble (Tesla) enticed me to put in a stop loss order.
The more I look, the more I think Woods has capitalized on the internet private investor/CNBC watcher and has done a brilliant job marketing herself. I don’t think her choices are sustainable over the long term compared to the S&P Index. Sure, she’ll have some outperforming periods but when the bear market hits ARK’s gonna get hammered. JMHO...
I think ARKX will likely follow the same trajectory as their other offerings. Initial interest and hype will propel them forward. At some point, actual returns become an issue as we’re seeing now with ARKK.
Buying ARKK was a risk I took knowingly as I got lured into the quick returns; but, the fact is the companies in much of ARK’s portfolios are not profitable. Many aren’t even earning revenue at all.
Many of the companies they hold are also the fodder of places like Reddit/WSB which makes me increasingly uncomfortable. Seeing ARKK increase its exposure to the EV bubble (Tesla) enticed me to put in a stop loss order.
The more I look, the more I think Woods has capitalized on the internet private investor/CNBC watcher and has done a brilliant job marketing herself. I don’t think her choices are sustainable over the long term compared to the S&P Index. Sure, she’ll have some outperforming periods but when the bear market hits ARK’s gonna get hammered. JMHO...
I think ARKX will likely follow the same trajectory as their other offerings. Initial interest and hype will propel them forward. At some point, actual returns become an issue as we’re seeing now with ARKK.
3
Posted on 3/3/21 at 3:00 pm to wiltznucs
ARKX will probably be the worst because it will be overbought immediately
Posted on 3/3/21 at 3:26 pm to wiltznucs
ARK etfs aren't for short term investors. She literally says their time horizons on all of their positions are like 5-10 years out. I probably shouldn't, in this type of environment we're switching to, but I'll stick with it.
Posted on 3/5/21 at 2:09 pm to wiltznucs
quote:And I think it's one thing to not be profitable, or have a really high P/E ratio, it's another thing to have negative or barely positive cash flow and price to sales ratios that would be pretty high as P/E ratio.
but, the fact is the companies in much of ARK’s portfolios are not profitable. Many aren’t even earning revenue at all.
Looking at some her funds, Tesla, Teladoc, and sometimes both are the biggest holdings in the fund (like 10% each). I wouldn't be surprised if they are some of companies with the more reasonable valuations from a fundamental perspective, and they have P/S ratios at 20+ and P/FCF at 250+.
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