C Wood says "Innovation is on sale!!" Time to buy. But I'm out of cash. I need to borrow some cash from Billy Hwang. For some reason I can't find Hwang's speed dial button. I can't see through my thick glasses....
Of course on big down day ARKK isn't going to fare very well but while major indices are -2% or so, ARKK is tripled that -6.52%
This has definitely been a bad year for ARKK. And by 'bad' that's pretty much an understatement. However, if you were an early bird and got in back in 2017, you are still up (for now) if you discount inflation, hehe. Let's see how much worse it gets when interest rates crank up. In 10 years, maybe some of those holdings like HOOD will finally turn a profit.
And some who bought AMZN, AAPL etc on their IPO debut are still up (and then some). Check ARKK's volume early years - like any highflyer big name hedge fund most of the big money chases the returns after word gets out.
She was buying ZM at a 60+ P:S Ratio. The average for the S&P is like 3. It would have to grow at 25%/year for the next 10 years just to get to that level (basically the rate that Amazon grew).
SARK https://www.cnbc.com/quotes/SARK Price action is all that matters. I'm getting back into SARK. not a recommendation.