Sector expertise It is possible say which fund families is relatively good at certain sectors. Funds performance are heavily rely on concept of fund manager. Unfortunately, mangers come and go, many lasted only 7-10 years. Of course, there are some last and become guru. For now, real estate sector, BREFX is the king in the last 5 years.
Digging into Ark Innovation's Portfolio ARKK is not for investors, it is a pure momentum play. Investor will identify a good stock with potential to put money in. Gambler will have to know when to get in and get out. I started getting into ADNPX managed by Cathie woods 8 months ago, made handsome of money. Eventually getting out and completely out yesterday. Tried to be investor with this fund but couldn't make it. I suspect this ARKK thing has lost momentum will be out of fashion for sometime. Will see. Lately, financial sector is in trend. ARKF (fintech ETF) peaked on 2/16/21 at 64.49, future as is of this moment 57.11)
Digging into Ark Innovation's Portfolio Better check your portfolio to ensure it doesn't hold any of the moonshot stocks. Per barron's ark funds hold over 26 stocks with more than 10% of the float. What happens when the sell off happens?
How come the genius portfolio manager didn't close these funds before they got so large? How does that work with ETFs?
Potential dumpster fire with these funds. So like the kaka funds in the late 90s. I'm up over hondo percent, smoking cigars, drinking high end tequila and riding around in limo's...oh....now I've lost over 2\3rds the monies I started with....sheet.
This ain't investing, it's gambling...
Good luck to all,
Baseball Fan
Digging into Ark Innovation's Portfolio 1) There were a lot of could's, possibly's and potential's in this analysis.
2) ARKK holds less tech stocks than the S&P 500
3) There is little doubt that the fund and possibly the fund manager are riding a wave. What will happen next is all speculation and guess work.
4) Weren't growth stocks supposed to be toast 1-2-3-4-5-6-7-8 (and maybe more) years running? Maybe this will be the year.
Digging into Ark Innovation's Portfolio Yes I noticed that today - luck vs. skill ... even some neg in FSEAX which was interesting. "but I will say almost every investment style comes in and goes out of favor' <-- so true. Logged into Fidelity today and they had a pop up espousing Will Danoff accumen - that he has beat the S&P for many years with a
13% avg. return since inception... need to look at that closer ... but interesting. I sold my remaining FCNTX early last year. If it's finally Value stocks time... I mean - I'm open to that but as Tom Jones would say -
Digging into Ark Innovation's Portfolio Good share and poignant quote: "Ark Innovation's stellar total returns attest to its ability to be in the right place at the right time and take advantage of emerging trends. But a closer look at the portfolio reveals plenty of potential risks. In fact, the portfolio's risk level ranks well above average on 10 of the 11 factors in Morningstar's Global Risk Model. And risk for liquidity (the 11th) may not be as low as it appears. Trading volumes can quickly dry up when valuations collapse or market darlings fall out of favor. If the fund experiences large redemptions, it could be difficult to liquidate some of the holdings where it has concentrated ownership. "
That said - (and I don't own ARK) - is it possible that she was that "lucky"? I mean ... Tesla, Square, CRSP, Roku, Spot etc?
Digging into Ark Innovation's Portfolio
Sector expertise +
1 @Mark I'm fund "family" agnostic - although if Fidelity has an exact equal - I might lean there for ER and convenience.
Did anybody receive 1099 form for IOFIX? Hey all... a bit off topic (sort of)... but I still own PONAX and IOFIX came across my radar and have read a lot of positive comments on this board about it. It's performing just fine or better than fine in 2021... but did anyone here have palpitations in 2020 when the 1 year return was -9.59%? with the ER at 1.68%? I'm not being snarky... just trying to understand the logic of why you believe in it LT. Reviewed FD's chart showing the fund's momentum and it was logical. #IStrugglewithBonds and understanding the ballast / importance if you ignore 2008-which, hard to believe, was 13 years ago.
IRS tax program updates info After doing some digging, I did find some old disks. It was prior to 2011. I used H&R Block TaxCut in 2008 and H&R Block AtHome in 2009. I learned my lesson; I will only purchase TurboTax from now on.
