This is all Trumps fault, I knew it! And now Elon musk is going to remove the cancel-culture on Dr. Seus as soon as he destroys America by allowing free-speech again. This will just destroy the next generation growing up. Soon we will have people believing in evil things like logic, reason, and science again.
More umm disruption: Teladoc implodes 48% after massive first-quarter loss, costing Cathie Wood's ARK more than $400 million https://www.yahoo.com/finance/news/teladoc-implodes-44-massive-first-130607231.html
Don't frown Cathie , Average down . Double up on your Teladoc position. How else are you going to give your investors 50%+ compounded returns for the next five years?
Cathie Wood is 21st-century fraud. I want to know what she is exactly owning in a day such today that everything is up 2%, ARRK is down 3% !!!!. I believe security should have a rule and not allow individuals with less than 10 years of a track record to invest more than 100M of people's money.
Read what SunTrader posted a few posts ago, Teladoc, one of her big positions in the ARKK fund is down almost 50% today.
I been wondering about that myself. Paypal is up to almost 12% just on the day alone today! She was quite bullish on it in the past, however I have heard rumors she was rotating out of PayPal in order to go heavily on Square. Well, maybe her dumping PayPal was why people thought it was ok to double-down on it finally. Ahah! Haven't looked at her holdings recently, she probably still holds some though. Last time I looked at her portfolio, I was surprised she held John Deere stocks as being innovative.
Another note: ARKK is not an individual stock that you can buy it at low. ARKK at 145 and ARKK at 49 are two different animals. The first one had A, B, C D as elements. The second one has H,K,J,Z.
Do you mean she is scrambling the market to find the next stock which will drop 70% in the next couple of days so she can add it to ARKK? The rule should be you can not $&%F with people's money. I am sure her own money is in 10-year treasury bills.
Her fund is highly speculative. Investors should expect 80%+ drawdowns in a fund like hers. The thing that gets her all the hate is that she is always pumping her fund hard, even through drawdowns and always talking about the upside side of things, never mentioning the fact that huge drawdowns should be expected in a fund like hers. Of course that is probably in the small print because it is legally required, so her ass is covered.