From the next Warren Buffett to being called a scam, today we talk about Cathie Wood and the ARK ETF's and what we can learn from their struggles. Investing in a bear market is hard and this is a great example of how investing strategy needs to change.
Cathie Wood became an investing icon in the past 5 years. She was one of the largest bulls for Tesla during a time when Tesla stock (TSLA Stock) was really struggling. She would go on TV appearances and make claims that seemed rediculous at the time. But as Tesla stock took off and became one of the highest performing stocks overall, people started listening to Cathie Wood. She made claims that Bitcoin would reach $1 million. And then she released her ARK ETF's in 2014 that were focused on Innovation. It started with the flagship innovation fund ARKK (ARKK Stock) and has since expanded to 6 total ETF's. This includes:
ARK Innovation ETF - ARKK Stock
ARK Next Generation Internet ETF - ARKW Stock
ARK Genomic Revolution ETF - ARKG Stock
ARK Autonomous Tech and Robotics ATF - ARKQ Stock
ARK Fintech Innovation ETF - ARKF Stock
ARK Space Exploration and Innovation ETF - ARKX Stock
The 3D Printing ETF - PRNT Stock
ARK Israel Innovation Technology ETF - IZRL Stock
But after being touted as the next Warren Buffett, she's fallen from grace. So today we talk about the investing lessons from the next Warren Buffett. Let me know what you think of the video down below. And thanks for watching!
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Learning From The Ark ETF Crash (Avoid These Mistakes!)
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