I'm a Cathie Wood fan. You need out of the box conviction if you really want to outperform. I remember watching her on CNBC a few years ago where she explained her TESLA thesis while many others were talking about eventual liquidation or acquisition. No investment style can work all the time, because if it did it would be duplicated or arbitraged and end up not working at all. If you want a 100% plus up year you need to accept 30% down some time. I am slowly picking up shares in ARKK and ARKG.

Just curious, when did you start buying ARKK and ARKG? Is it for a trade or a long term portfolio holding?
I did buy a little bit of ARKK yesterday. I am not putting any money into ARKK that I can not afford to lose. This is not Cathy's first rodeo but I do not see any trophies from past rodeos.

Off about $37.00 following a similar drop yesterday. Under $1800 again. Miners off over 3% today following a nasty day yesterday.
Not a recommendation!
Today’s prices

@Hank, I don't own it; did own HSTRX about 12 years ago for a while. A friend owns HSAFX now and isn't too unhappy with it, but you know what they say about a stopped clock.
But then the best I did yesterday was zero from NVHAX, EIXIX, and PQTAX.

Jerome Dodson was the PARWX manager from inception (04/29/2005) until he retired on 12/31/2020.
Billy Hwan became a comanager on 05/01/2018 and the sole manager at the start of 2021.
Mr. Dodson took a contrarian approach which resulted in an elevated risk profile.
Mr. Hwan takes a relative value approach and wants to bring the fund's beta (vs. S&P 500) down.
Taking this into consideration, past PARWX performance may not be very indicative of future performance.

@msf yes thought it was likely a CG issue. I sold post div. Found this Jan 2021 article informative on the topic of Funds/ETF's that soar more than 100% in a given year: https://www.morningstar.com/articles/1017292/what-to-expect-from-funds-after-they-gain-100-or-more-in-a-year-trouble-mostly

M* charts show that MSEGX (Morgan Stanley Inst Growth fund) is down nearly 30% but stock charts show it is down 25% from its recent high on November 16.

To no great surprise, the discrepancy dates to Dec 15, when a cap gain of $18.005 (per Yahoo) was distributed. The price on Dec 10 (Fri) was $89.20, and the price on Dec 13, post div, was $69.57. Back of the envelope [($69.57 + $18)/$89.20] says the fund lost about 1.8%. That's what M* says. Stockcharts reports a gain of 4.4%.
The Morgan Stanley site shows the divs, but doesn't yet report the true gain for December.
https://www.morganstanley.com/im/en-us/registered-investment-advisor/product-and-performance/mutual-funds/us-equity/growth-portfolio.shareClass.A.html
The $18.005 div bought 0.2588 shares at the ex-dive price of $69.57. Perhaps Stockchart took those shares and valued them at the old price of $89.20, coming up with a "new distribution" of $23.085.
Now the same calculation as before, using this new distribution amount, comes to:
($69.57 + 23.09)/$89.20 = 1.038%, or a 3.8% increase. Not all the way up to 4.4%, but that's all I can coax out of bad arithmetic.

I'm a Cathie Wood fan. You need out of the box conviction if you really want to outperform. I remember watching her on CNBC a few years ago where she explained her TESLA thesis while many others were talking about eventual liquidation or acquisition. No investment style can work all the time, because if it did it would be duplicated or arbitraged and end up not working at all. If you want a 100% plus up year you need to accept 30% down some time. I am slowly picking up shares in ARKK and ARKG.

For those interested, T-Mobile money (FDIC insured) is paying 1% on all balances.

@wxman123 -- Bank MM funds yield around 0.4 to 0.5%. FDIC insured so 100% risk free. Are you expecting your near cash holdings to provide a higher return?

Yes, that would be the objective but doesn't always work out. Over the longer term, these "near cash" vehicles should outperform high yield FDIC insured bank accounts, but that's not generally how I use them. I mainly use them in retirement accounts where the only viable, comparable option is near zero MM funds. Over the last 3 years VNLA has earned a total return of 2.39% with very little heartburn. I don't think you could have gotten that even in the highest yielding fully liquid bank accounts.

I would probably opt for STIP for short-term TIP exposure, lower fees 0.05% versus 0.15% and shorter maturity bonds--0-5 years--so less sensitive to rising rates. VTIP also has lower fees. But TIPS in general look pricey right now.

Still not phrasing my question well, evidently.
Higher fee notwithstanding, TIPX has outperformed those other two competitors handily for 9/5/3/2y, but has trailed, nontrivially but perhaps unimportantly, 1y and less, meaning recently. Was wondering about any informed thoughts as to that, and longer-term prospects for any of them.

M* charts show that MSEGX (Morgan Stanley Inst Growth fund) is down nearly 30% but stock charts show it is down 25% from its recent high on November 16. Either way, it is in a bear market. I think there are other MS funds that are more aggressive growth funds than MSEGX. So, it is not just ARKK losing money.

RIO +1.76% / TAIL +.45%

XLE was down barely, only 0.02%, which means a bunch of its constituents would be positive and they are. Probably same with XLU, XLP, & XLB - all down less than 0.10. For a tough day in equities, VIX rose only 2.82 and closed < 20.

I was up in my PFIE(1.75%) and DLA(0.63%) positions but down more than 5% in FC in which I have a sizable stake for an individual stock.

It was a good day to be long value and short growth. BIVRX was up 4.1%.

Please elaborate on your alt funds. VARAX QGITX BAMBX my best performers all ended flat.

FLAT was good today. Congrats!
4 funds comprise my ALTS. The group lost .75% today - nearly as much as my growth portfolio which lost .80%. I do not consider the ALTS “defensive.” But they exhibit potentially lower volatility than my growth funds as a group. And, as a group, they often diverge among themselves, further reducing daily volatility.
#1 TMSRX fell .60% today. #2 ABRZX fell .62%. This one isn’t well known. I got into it because I have some $$ directly with Invesco. It doesn’t score well at the rating services. But watching it for a long time, it does seem very uncorrelated to most funds from day to day. So I’m seeing (and liking) something in its daily behavior that’s not evident from a broader perspective. #3 PRPFX fell .82% today. #4 QED is new. I moved some $$ from TMSRX into it a few weeks ago. This company seems to have a decent bunch of ETFs which track various styles of hedge funds thru its own propriatorey indexes. Each fund offering has a different risk & reward profile. This one, QED, attempts to track “event driven” hedge funds and appears to have low to moderate risk / reward. It fell an uncharacteristic .97% today.
I also have a 7-8% “speculative” sleeve which can be used for just about anything. Currently, it is mostly in TAIL. This fund is designed to run opposite equity markets & stands up particularly well when equities are under stress. It is not a viable long term investment as you would lose $$ over longer periods. Therefore, I cannot recommend it to others. But, it did gain .45% today. I recently added a very small amount of GLDB to the spec sleeve. This etf’s inception was just in May. Very small AUM. It’s a hybrid investment grade bond fund that also invests in gold futures as a hedge. It’s too new and untested to recommend to anyone else. Lost .20% today.
Happy investing!

MRK up 1.46%

+1 Please elaborate on your alt funds. VARAX QGITX BAMBX my best performers all ended flat.

NICHX up 0.04% I own BRK.B and LSYN which was up 13.76%. But yea lotsa red in my portfolio too.

Purchased some PARWX LY and have been happy with it. It was up 31 percent in 2021. Up 4.7 to peers, low Ulcer, good Martin and Sharpe…
Wondering why it’s a MFO 3 Rating for 1 yr. I think I may need a re-education on ratings. Can anyone shed some light? Referring to 1 yr rating on this fund as all other periods are 5 rating. TIA.
Edit/Add: Is it an overriding category issue?