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re: The ARKK’s about to take on water?

Posted on 3/4/21 at 1:23 pm to
Posted by wiltznucs
Apollo Beach, FL
Member since Sep 2005
9392 posts
Posted on 3/4/21 at 1:23 pm to
Still sliding; down another 7% today to $117...
Posted by truthbetold
Member since Aug 2008
7637 posts
Posted on 3/4/21 at 2:08 pm to
If it keeps sliding, really be really interesting to see what happens at 100
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11958 posts
Posted on 3/4/21 at 2:27 pm to
Lol there's no liquidity below $100
Posted by Triple Bogey
19th Green
Member since May 2017
6769 posts
Posted on 3/5/21 at 1:44 pm to
I capitulated this morning.
Posted by buckeye_vol
Member since Jul 2014
35379 posts
Posted on 3/5/21 at 2:09 pm to
quote:

but, the fact is the companies in much of ARK’s portfolios are not profitable. Many aren’t even earning revenue at all.
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.

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+.
Posted by CajunTiger92
Member since Dec 2007
2868 posts
Posted on 3/7/21 at 10:38 am to
A 50% correction in a fund that’s taken off like this one is certainly possible, that would be at around $80. For long term investment, $100ish probably isn’t a bad place to buy. I wouldn’t expect it to get back to the 150-160 range as fast as it got there though.
Posted by wiltznucs
Apollo Beach, FL
Member since Sep 2005
9392 posts
Posted on 3/8/21 at 4:41 pm to
Down another 7% to $110 today...
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11958 posts
Posted on 3/8/21 at 5:39 pm to
I'm not really sure why any of y'all use her funds TBH. Just buy the securities she's exposed to yourself. You don't have the added redemption risk that weak handed Cathie/Tesla cultists do. Passive liquidity issues work in both directions.
Posted by wiltznucs
Apollo Beach, FL
Member since Sep 2005
9392 posts
Posted on 3/8/21 at 6:17 pm to
quote:

I'm not really sure why any of y'all use her funds TBH. Just buy the securities she's exposed to yourself. You don't have the added redemption risk that weak handed Cathie/Tesla cultists do. Passive liquidity issues work in both directions.



There’s value in index investing. It allows you to invest in a group of stocks at a much lower price point than buying shares individually.

I also believe that there’s value in paying a premium to a portfolio ran by talented fund manager. Especially one that through talent or luck happens to outperform the market by some instinct or knowledge of future events.

Alas, therein lies the problem. History shows that as a species humans are terrible at predicting the future. Three decades ago the media was sure that we were heading into another ice age. Now they are convinced that the Earth is going to meltdown. For decades it was widely thought that the US’s geographic location and immigration system would prevent international terrorism. Then three airliners were flown into NYC and DC on 9/11.

There’s been numerous hot fund managers throughout history. Unfortunately; the data shows most of them return to the median and in many cases crash and burn.

Only time will tell where Woods falls into all of this.
This post was edited on 3/8/21 at 6:19 pm
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11958 posts
Posted on 3/8/21 at 6:46 pm to
You're falling for multiple fallacys about passive investing and indexing. You even admit to two of them in your reply.
Posted by Spawn
Berlin
Member since Oct 2006
8137 posts
Posted on 3/8/21 at 7:08 pm to
Posted by Ooh Wee Ooh
Member since Nov 2008
1519 posts
Posted on 3/8/21 at 7:14 pm to
Posted by Spawn
Berlin
Member since Oct 2006
8137 posts
Posted on 3/8/21 at 7:25 pm to
I put a little bit into the Israel Innovative Technology Fund just to see how it does.

WIX is basically a front company for the Mossad. They aren’t going anywhere.


WAPO Link
This post was edited on 3/8/21 at 7:32 pm
Posted by thelawnwranglers
Member since Sep 2007
42301 posts
Posted on 3/8/21 at 10:39 pm to
I keep buying in

Long term hold so everything is fine meme lol
Posted by Barrister
Member since Jul 2012
5293 posts
Posted on 3/9/21 at 6:51 am to
I'm continuing to average down. Cannot beleive I am getting ARKK at these prices.
Posted by Old Money
LSU
Member since Sep 2012
41751 posts
Posted on 3/9/21 at 11:36 am to
I ran out of $$ to average down, but I averaged down a good bit which is great.
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 3/9/21 at 1:02 pm to
Got in today also
Posted by GREENHEAD22
Member since Nov 2009
20831 posts
Posted on 3/9/21 at 1:27 pm to
Did the same.
Posted by truthbetold
Member since Aug 2008
7637 posts
Posted on 3/9/21 at 1:38 pm to
I reloaded 120 also. Glad I didn't wait for 100.
This post was edited on 3/9/21 at 1:40 pm
Posted by slackster
Houston
Member since Mar 2009
91837 posts
Posted on 3/9/21 at 2:04 pm to
quote:

I'm continuing to average down. Cannot beleive I am getting ARKK at these prices.


I know what you’re saying given the run up in mid February, but you’re getting ARKK at early December 2020 prices when it was already up 133% for the year. It’s a discount from some pretty incredible highs.

That being said, I picked up TSLA at 595 on Friday. I don’t feel great about it, but it’s working out so far.
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