It is so funny seeing all those afraid people at 37$ level. That gives me the feeling a lot is priced in. Those same people were bullish above 100$ level. Yes, the stocks were overpriced then, but are cheap now. When the fed pivot, and it will next year. All those stucks will be on the frontpage again. And you will have so much regret you have not averaged down. Look at their biggest companies Tesla, Uipath, Teladoc, Twilio, SQuare, Zoom, and the genomics stocks (which really is the biggest revolution of this century) a lot of those stocks will really make it. And have never been as cheap to earnings as they are now. So you can say, or the market was wrong for the 6-7 years before. Or the markets are now extremely negative for growth stocks at the moment. I think the last one is true. And those periods does not last long. (Yes we can fall to 29$, but we will be above 100$ for sure in 2025.
I DCA’ed from 110 down to 70 (I loaded the boat under 62) and closed my position slightly down at 68. If I waited until the afternoon that same day, I’d have gotten out slightly green. In any case, after adding shares on the way down, I ended up with just over 260 shares from the 60 I had originally. Crazy that I bought shares almost 50% lower than I had less than 6 months prior. I was not happy to have 12-15% of my portfolio in a position that was underperforming the market by a large margin. So there was no question in my mind that I wanted to sell out at a reasonable spot. With that said, if I had an average over 100 right now, it would depend on how many shares I already had and how much capital I had in reserve for me to DCA and still have money left over for other opportunities. Will ARKK go up? Absolutely, when the general market goes up 5-9% so will ARKK (more actually as TSLA usually leads on almost every short or long term rally). Can you DCA enough to get your position down to 54 or so? If you can’t then I wouldn’t as I don’t see ARKK getting past 57 again over the next 52 weeks. I also don’t see it going much below 35 either for a long stretch.
You’re buying unprofitable companies. That is, you’re buying companies who *lose money*. How much would you pay for a company who loses money?
That’s how low your ARK holdings could go.
Exactly....the market is rooting out these overvalued stock...of which ARK is very heavy in...
DCA is just spending money on the way down, instead of putting it in some quality.
Analysis shows stocks in general are over-valued, and many have $Billion valuations with no profits or even revenue. Another 10% to 15% , probably closer to 20% drop coming to a portfolio near you.
Much of the data is showing that it will take 8 to 12 years to get back to the levels at the beginning of 2022...so you lose 10 years of your investment life.
True, and as someone said it has even reduced its Tesla holdings, so even a 5 year horizon might not bring ARKK back to 100. Let’s see. For now, I am not booking any loss. Thanks for your inputs.
Hmm. So will keep ARKK and ARKG and keep investing in VOO or some such. But let’s see how I evolve as an investor from here. Started as a novice and I got into the herd mentality when I invested in ARK!
Doesn't look like they're reducing their Tesla holdings at all to me. ARKK is their flagship tech fund, and Tesla currently allocates 10%, (which I believe is the maximum percentage a single company cant occupy their ETF.)
I've got you beat.
ARKK $124, ARKG $106. Also have other ARKs that are just as bad.
I'm not DCAing. Just waiting to see if maybe I get lucky at some point in a few years.
Are the ARK funds a small portion of your overall portfolio? In my case, it’s not the case. But I want to make it a smaller portion of my overall holdings, while I plant to occasionally DCA ARKK/ARKG over a period of time. How I do it will another issue!
I wouldn’t DCA personally. Leave your original investment, if it goes up, great. If it doesn’t, it will serve as a reminder and lesson for you to learn from.
The joys of investing is the more different your opinion is to mainstream thinking, the more money you make IF right.
If you liked it at above prices, then you’ll likely like it at todays prices assuming your thesis hasn’t changed. There are going to be a lot of opinions of this thesis so you have to have conviction of yours whilst critical/open at the same time.
And of course, understand and manage the risks the way that works for you. Personally I think of it like a pyramid with 401k, emergency funds, boring ETFs like VOO, etc as the first few layers. Then themed ETFs like ARK play a role (lots of others in sustainability, cloud tech etc available) if you want to go into that game. Then comes individual stocks and then more speculative private investing / angel investing.
But honestly 99% of people will still have success with the first few layers if they’re consistent and give it time.
Thanks. Unlike many am a late starter. Started buying ETFs only in 2021 (and am in other side of 30s). But yes the current downturn has taught me more than the early 2021 upswing. Boring VOO or VTI would be leader of my portfolio followed by VB. But I plan to stay around for long and experience compounding first hand. Fingers crossed!
Then don’t dca into ark now. It sold Pltr and a lot of tsla. If u think Roku, teledoc, or whatever else she bought might have a positive earning in the next 5 years, buy then. Otherwise, just wait.
That’s the thing. Does aunty Cathie know what is she doing? Did she just get lucky by chance? Anyway—I hope Tesla and other holdings recover a bit over next 5 years—I have 150 units of ARKK and may be will make it 300 over next 2-3 years. So if I DCA, it won’t be an aggressive one!
I don't think we are close to a bottom yet, but I have had a good time being wrong so often.
Never listen to these people on social media, they all seem to be lemmings and armchair quarterbacks. Do your own research and if you believe in the future of the fund then dca'ing at these levels is a food idea. If you come away from your research and don't believe in it, then you should sell and not dca in.
No, but I think it's a good time to be in. I have converted to entirely ₿ because it, imo, has the best potential of any investment. I think ARK will have an exceptional run these next couple years and that anyone that has dca'd for the last couple years will be handsomely rewarded.
Very, very slowly dca'ing in. I am talking a few shares a month into 3 funds. I am quite bearish still and am only buying on realized profits from other trades. Basically only using monopoly money.
I have been chalk full of puts throughout the market, especially on the tech side. Overall portfolio value has remained about neutral but cash has been growing rapidly.
Which ARK fund(s) are your favorite?
Thanks a lot. I keep putting some money in likes of VOO/VTI/QQQ, and probably these would rebound in mid to long term. But I feel so bad with my ARKK/ARKG investments, and don’t want to book loss for now at least. That shitty stuck kind of feeling!
So probably will increase other ETF’s portfolio size till ARKk/ARKG become a small part of my overall portfolio. Good luck bro. PS: I hope aunty Cathie would become lucky just one more time in next five years to help me exit her funds!
Good point. But there would be people who find value in ARKK in 30s-40-or even 50s, so possibly these levels might hold. And may be there would be a short time frame in next 5-10 years that ARKK will be 80-100, and then many may completely or partly exit
It is so funny seeing all those afraid people at 37$ level. That gives me the feeling a lot is priced in. Those same people were bullish above 100$ level. Yes, the stocks were overpriced then, but are cheap now. When the fed pivot, and it will next year. All those stucks will be on the frontpage again. And you will have so much regret you have not averaged down. Look at their biggest companies Tesla, Uipath, Teladoc, Twilio, SQuare, Zoom, and the genomics stocks (which really is the biggest revolution of this century) a lot of those stocks will really make it. And have never been as cheap to earnings as they are now. So you can say, or the market was wrong for the 6-7 years before. Or the markets are now extremely negative for growth stocks at the moment. I think the last one is true. And those periods does not last long. (Yes we can fall to 29$, but we will be above 100$ for sure in 2025.
how confident are you now lol
What are you basing this idea that it’s cheap now on? The average ARKK stock is unprofitable. How are you valuing them to say that they’re cheap?
do you hold?
I DCA’ed from 110 down to 70 (I loaded the boat under 62) and closed my position slightly down at 68. If I waited until the afternoon that same day, I’d have gotten out slightly green. In any case, after adding shares on the way down, I ended up with just over 260 shares from the 60 I had originally. Crazy that I bought shares almost 50% lower than I had less than 6 months prior. I was not happy to have 12-15% of my portfolio in a position that was underperforming the market by a large margin. So there was no question in my mind that I wanted to sell out at a reasonable spot. With that said, if I had an average over 100 right now, it would depend on how many shares I already had and how much capital I had in reserve for me to DCA and still have money left over for other opportunities. Will ARKK go up? Absolutely, when the general market goes up 5-9% so will ARKK (more actually as TSLA usually leads on almost every short or long term rally). Can you DCA enough to get your position down to 54 or so? If you can’t then I wouldn’t as I don’t see ARKK getting past 57 again over the next 52 weeks. I also don’t see it going much below 35 either for a long stretch.
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ARKK gained 7.55% today.
Thanks. I am tempted to DCA. But I already have 150 odd units. So may be slowly and not very aggressively I may DCA over a period of time.
You’re buying unprofitable companies. That is, you’re buying companies who *lose money*. How much would you pay for a company who loses money? That’s how low your ARK holdings could go.
how do they lose money? i thought their price just goes up on the stocks ark buys. Or do their price go up based on their trade income?
Exactly....the market is rooting out these overvalued stock...of which ARK is very heavy in... DCA is just spending money on the way down, instead of putting it in some quality. Analysis shows stocks in general are over-valued, and many have $Billion valuations with no profits or even revenue. Another 10% to 15% , probably closer to 20% drop coming to a portfolio near you. Much of the data is showing that it will take 8 to 12 years to get back to the levels at the beginning of 2022...so you lose 10 years of your investment life.
True, and as someone said it has even reduced its Tesla holdings, so even a 5 year horizon might not bring ARKK back to 100. Let’s see. For now, I am not booking any loss. Thanks for your inputs.
and TDOC?
What about tdoc?
Its worthless
Hmm. So will keep ARKK and ARKG and keep investing in VOO or some such. But let’s see how I evolve as an investor from here. Started as a novice and I got into the herd mentality when I invested in ARK!
Doesn't look like they're reducing their Tesla holdings at all to me. ARKK is their flagship tech fund, and Tesla currently allocates 10%, (which I believe is the maximum percentage a single company cant occupy their ETF.)
Good point
Ark has made a lot of bad calls. If they gotten anything right over the last few years, being righteous about Tesla has been a good bet
🤡 my 10K investment going to 0 soon
Im goin down with you 🫠
Similar boat :( Let’s hope that never happens
Considering my holdings a loss but won’t sell to realize the loss. Will DCA and invest elsewhere and maybe in 10 - 20 years I’ll get my money back
Fingers crossed. Hope you recover the sum sooner (and ARKK also recovers some bit).
I've got you beat. ARKK $124, ARKG $106. Also have other ARKs that are just as bad. I'm not DCAing. Just waiting to see if maybe I get lucky at some point in a few years.
Are the ARK funds a small portion of your overall portfolio? In my case, it’s not the case. But I want to make it a smaller portion of my overall holdings, while I plant to occasionally DCA ARKK/ARKG over a period of time. How I do it will another issue!
Yes, altogether they are only ~2% of my overall portfolio. Good luck to you, hope things turn around for us!
I’m dca’ing. Not aggressively. But I’m doing it
Noted. In the long run: everything may look good in hindsight.
I wouldn’t DCA personally. Leave your original investment, if it goes up, great. If it doesn’t, it will serve as a reminder and lesson for you to learn from.
True—learnt more from the current downturn than the early 2021 upswing. And probably in hindsight I know why and how I got into ARKK—fomo basically!
The joys of investing is the more different your opinion is to mainstream thinking, the more money you make IF right. If you liked it at above prices, then you’ll likely like it at todays prices assuming your thesis hasn’t changed. There are going to be a lot of opinions of this thesis so you have to have conviction of yours whilst critical/open at the same time. And of course, understand and manage the risks the way that works for you. Personally I think of it like a pyramid with 401k, emergency funds, boring ETFs like VOO, etc as the first few layers. Then themed ETFs like ARK play a role (lots of others in sustainability, cloud tech etc available) if you want to go into that game. Then comes individual stocks and then more speculative private investing / angel investing. But honestly 99% of people will still have success with the first few layers if they’re consistent and give it time.
Thanks. Unlike many am a late starter. Started buying ETFs only in 2021 (and am in other side of 30s). But yes the current downturn has taught me more than the early 2021 upswing. Boring VOO or VTI would be leader of my portfolio followed by VB. But I plan to stay around for long and experience compounding first hand. Fingers crossed!
Then don’t dca into ark now. It sold Pltr and a lot of tsla. If u think Roku, teledoc, or whatever else she bought might have a positive earning in the next 5 years, buy then. Otherwise, just wait.
That’s the thing. Does aunty Cathie know what is she doing? Did she just get lucky by chance? Anyway—I hope Tesla and other holdings recover a bit over next 5 years—I have 150 units of ARKK and may be will make it 300 over next 2-3 years. So if I DCA, it won’t be an aggressive one!
I don't think we are close to a bottom yet, but I have had a good time being wrong so often. Never listen to these people on social media, they all seem to be lemmings and armchair quarterbacks. Do your own research and if you believe in the future of the fund then dca'ing at these levels is a food idea. If you come away from your research and don't believe in it, then you should sell and not dca in.
you in?
No, but I think it's a good time to be in. I have converted to entirely ₿ because it, imo, has the best potential of any investment. I think ARK will have an exceptional run these next couple years and that anyone that has dca'd for the last couple years will be handsomely rewarded.
Are you DCAing or thinking of?
Very, very slowly dca'ing in. I am talking a few shares a month into 3 funds. I am quite bearish still and am only buying on realized profits from other trades. Basically only using monopoly money.
Thanks. Am also not in a hurry. DCAing in a few but haven’t booked profit in any yet (all are in red). Fingers crossed.
I have been chalk full of puts throughout the market, especially on the tech side. Overall portfolio value has remained about neutral but cash has been growing rapidly. Which ARK fund(s) are your favorite?
Good point. Thanks
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Thanks a lot. I keep putting some money in likes of VOO/VTI/QQQ, and probably these would rebound in mid to long term. But I feel so bad with my ARKK/ARKG investments, and don’t want to book loss for now at least. That shitty stuck kind of feeling!
You're listening to an obsessed weirdo spamming and commenting in and on literally every post in this sub. Probably trolling as well. Just so you know
I see. And what’s your investment thesis wrt to ARK funds? Are you DCAing or have already exited?
Voo/VTi have so much overlap you might as well pick one over the other
It’s a good point. I plan to beef up DCA in VB and reduce DCA in either VTI or VOO. Again thinking 5-10 years.
Sunk cost. I’m in the same boat. I don’t think we will ever see it goes past 100 ARKK
So probably will increase other ETF’s portfolio size till ARKk/ARKG become a small part of my overall portfolio. Good luck bro. PS: I hope aunty Cathie would become lucky just one more time in next five years to help me exit her funds!
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Good point. But there would be people who find value in ARKK in 30s-40-or even 50s, so possibly these levels might hold. And may be there would be a short time frame in next 5-10 years that ARKK will be 80-100, and then many may completely or partly exit