What’s my best exit strategy for ARKK funds? Srs

[MetroBrah]

It’s dragging down my portfolio bigly. Down 50% since I bought it
Really don’t want to sell for a loss, but I’ve lost faith in Cathie wood. Do I just keep holding in the hopes that it turn around? Or do I just say fuk it and cut my losses now

[OT2000]

You should have set up a stop loss bro. At this point it’s ride or die.

[GordonXXX]

It’s dragging down my portfolio bigly. Down 50% since I bought it
Really don’t want to sell for a loss, but I’ve lost faith in Cathie wood. Do I just keep holding in the hopes that it turn around? Or do I just say fuk it and cut my losses now

wow! that coont is down 50%????!!!!!! every day i saw nothing but glowing spam puff piece articles on how great that coont is and how brilliant she is on CNBC, Yahoo Finance, Fortune, Forbes, etc. i was so suspicious that she had a PR team paying them for these puff pieces in order to bring in the suckers to increase her AUM and fees. it looks like it worked!

i told you long ago to stick with VFIAX! sheep get slaughtered!!!

[nikonD70s]

average down and hope it goes up a lil and sell for a small loss/gain. Or if it's a small investment just hold.

[gainztrain818]

Lol @ covid tech/startups srs….


Meanwhile QQQ has returned what, like 50% this year if you just would have bought and held?


Godspeed OP srs…..

[backinbusiness]

Imagine thinking you're a financial market genius when 80% of professional money managers still dont beat index funds.

[joocyness]

average down and hope it goes up a lil and sell for a small loss/gain. Or if it's a small investment just hold.

Some truth here ARKK hit high 80s yesterday.

You can also sell calls at a strike price that you're okay taking a loss. This way you're capturing some income while you ride this out, ie covered call strategy


Best of luck brah we're all going to make it

[GordonXXX]

It’s dragging down my portfolio bigly. Down 50% since I bought it
Really don’t want to sell for a loss, but I’ve lost faith in Cathie wood. Do I just keep holding in the hopes that it turn around? Or do I just say fuk it and cut my losses now

how much money do you have in her fund? what percent is it of your entire portfolio?

[ikepen]

drop all on MELI

[MetroBrah]

average down and hope it goes up a lil and sell for a small loss/gain. Or if it's a small investment just hold.

how much money do you have in her fund? what percent is it of your entire portfolio?

Yea it's a small investment. A little less than 5% of my overall port so I'm probably just going to ride it out, but fuarkkk I hate losing money srs

Some truth here ARKK hit high 80s yesterday.

You can also sell calls at a strike price that you're okay taking a loss. This way you're capturing some income while you ride this out, ie covered call strategy


Best of luck brah we're all going to make it

Going to look into this. I've never sold calls before

[plebmaximus]

Ride it out, dont sell just to make the 'red' disappear from your portfolio. If you studied the fund and believe in their strategy, then do nothing - this is when newbies buy high and panic-sell at the first pump

[Lefticle]

drop all on MELI

This.

Or just buy more arkk

[badbart]

HODL! Buy more, in 5-10 years it will be up and you will regret selling. Think long term do not check your portfolio everyday. I've been in the markets since 1996, I always make a big money when I buy and ignore everything, check things every quarter to rebalance.

[StackingPlates]

HODL! Buy more, in 5-10 years it will be up and you will regret selling.

Will it though? ARK funds are far from ground breaking stuff, there have been other "disruptive" funds over the years that all wound up going under and/or changing the portfolio structure entirely. The Janus fund (JAVLX) is one that comes to mind and eerily similar so far.

Further, Cathie's prior performance at Alliance Bernstein where she first started experimenting with thematic oriented funds was far from great.

Think long term do not check your portfolio everyday. I've been in the markets since 1996, I always make a big money when I buy and ignore everything, check things every quarter to rebalance.

This is very solid advice overall, although there is also opportunity cost that must be considered when you are invested in a stock that has very little chance of ever regaining its footing. And at some point it winds up being better to cut losses but this is very hard to determine. If one believed in ARKK when purchased then why sell now? Has the overall belief in the technology changed or is it just panic selling because it is losing money?

Ultimately though, trying to beat the market is just very hard to do over any length of time and far more stressful.

[HMFIC_BROWSIN]

I'm personally down almost as much on my own stonk picks..... But I'm still miles ahead of the s&p500 ytd.

One of my biggest accounts was +172% at the end of sep. Serious. Lots more house money left to give back

Just hold.

[Schnitzl]

Ride it out, dont sell just to make the 'red' disappear from your portfolio. If you studied the fund and believe in their strategy, then do nothing - this is when newbies buy high and panic-sell at the first pump

This.

[OffwhiteBrah]

XRP will moon in 2022, get in now !!!!!!!!

[MetroBrah]

drop all on MELI

This.

Or just buy more arkk

This Brazilian ecommerce site?


https://www.marketwatch.com/investin...od=over_search

[Jms89]

I liquidated my position when she started buying companies at all time highs and grasping at straws with that JOKE of a space ETF. This woman is a fuking kunt. Shame on me for spending any money on her funds. Best you can do at this point is take the loss and use it as a tax loss harvest, or play with options if you have a full bag.

[Eterniity]

idk anything about that coin OP but some general advice.

Cut your losses after it reaches a threshold and then NEVER look at that coin again srs. Don't check the price, avoid news about it, just completely blacklist it out of your life.

[MotorCityCobra]

Cathie herself says her time horizon is a couple of years, if not 5 years if i remember correctly. holding for a year or under is nothing. also FYI many of us including myself am down -50% on many stock picks (huge chunk of portfolio) but am still in + YTD because i was in the original GME short squeeze