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
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12-07-2021, 04:34 PM #1
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12-07-2021, 04:36 PM #2
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12-07-2021, 04:37 PM #3
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!!!
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12-07-2021, 04:37 PM #4
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12-07-2021, 04:40 PM #5
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12-07-2021, 04:42 PM #6
- Join Date: May 2007
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Imagine thinking you're a financial market genius when 80% of professional money managers still dont beat index funds.
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12-07-2021, 04:43 PM #7
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12-07-2021, 04:44 PM #8
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12-07-2021, 07:17 PM #9
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12-07-2021, 07:34 PM #10
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12-08-2021, 04:01 AM #11
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12-08-2021, 04:05 AM #12
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12-08-2021, 04:06 AM #13
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12-08-2021, 06:50 AM #14
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.
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.http://stackingplates.com
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12-08-2021, 06:53 AM #15
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12-08-2021, 06:55 AM #16
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12-08-2021, 06:57 AM #17
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12-08-2021, 09:04 AM #18
This Brazilian ecommerce site?
https://www.marketwatch.com/investin...od=over_search
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12-08-2021, 09:54 AM #19
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.
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12-08-2021, 09:56 AM #20
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12-08-2021, 11:51 AM #21
- Join Date: Jul 2015
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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
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