So you're traveling back in time now?? (asking for a friend). She's lost more divestor money than I can count. Life to date loser in gross $$. Same as Paulsen and many others. +200% on 1b and then -30% on 10b, yes that's a massive loss in gross $.
You brought up the looks of a 70yo. My guess is you have a grandma fetish. If you understand Wall Street you will understand ARKK. Arkk share price has doubled in the 8 years since it debuted. Being a closed end fund, I don’t know if they raised more capital/issued shares as the stock rallied in 2020/2021
%% SHE has had some great profit runs. Especially up to the time a local finance magzine put her on the cover; Even QQQ has[barely] underperformed SPY/ JAN - May 2024 close price today. QQQ may do better with larger swings, long term. Dont know if she sold all her crypto. Counting AUM, she is still better than average. Its not a random walk @ all; nor has anybody with sense called beating a benchmark like SPY easy, long term LOL
Even that Booyah fool ain't on the same page as Wood when it comes to the future of innovation: "...true believers are terrific but the problem is that there are no bids for the true believers. The only real buyer of some of this merchandise is kathy wood and you cannot create a market yourself. Nobody's that big. When I see her buying things I am shocked at what she buys and how she buys. She buys like someone who just started yesterday." — Jim Cramer on Cathy Wood DOW, Nasdaq and SP500, they all recovered their losses from 2022 bear market and made ATHs. Why hasn't ARKK made the same recovery? Why's it still hovering at the bottom? And you still think it will magically shoot back up to the top and regain its former glory?
it's absolutely NOT a closed end fund. Here's a chart of the shares outstanding. NOTHING BUT DOWN. https://www.marketscreener.com/quote/index/ARK-INNOVATION-ETF-SHARES-39466325/graphics/