Hostile Takeover of ARK Investment Management?

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fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

Impatience wrote: Tue Nov 17, 2020 11:32 pm Characterizing it as a “hostile takeover” is pure clickbait. All they’re doing is exercising an option that ARK itself agreed to. You’d might as well claim as I’m conducting a “hostile takeover” of your shares when I exercise a call option you sold me.
Characterizing the title of this post as "pure clickbait" is a pure mischaracterization. From Wikipedia: "clickbait, a form of false advertisement, uses hyperlink text or a thumbnail link that is designed to attract attention and to entice users to follow that link and read, view, or listen to the linked piece of online content, with a defining characteristic of being deceptive, typically sensationalized or misleading" (emphasis mine). Can you prove that I had deception in mind when submitting my original post? What happened was that I was confused by the situation and, at the time, that's how I interpreted relevant events. So, maybe I'm guilty of being confused or misinterpreting something (but who hasn't ever been guilty of those?). But not of a clickbait post.
Last edited by fingoals on Wed Nov 18, 2020 8:21 pm, edited 1 time in total.
Topic Author
fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

nedsaid wrote: Wed Nov 18, 2020 2:14 am I watched the video. This is just business and I don't think Resolute wants to kill the goose that lays the golden eggs by taking a majority stake. It is a negotiating ploy.

As I understand it, Resolute helped ARK get started with a big monetary investment and as part of the deal had an option to purchase a majority stake and they have until sometime in 2021 in exercise it. My understanding is that Resolute has exclusive rights as distributor of the funds and ETFs. My understanding is that ARK CEO Cathie Wood wants to expand the list of distributors for ARK Mutual Funds and ETFs.

Pretty much Cathie Wood and her team are the value of the ARK company. If they get mad and leave after a hostile takeover, Resolute would have an empty shell of a company. I don't think the people at Resolute are that stupid. Why would Resolute destroy their own investment?

Were I an investor, I would monitor the situation. Hopefully, your investments are in a tax deferred account like an IRA and you can sell if things with ARK go south. More complicated if you hold these in a taxable account as you have to consider capital gains. No reason to panic here.
Thank you for sharing your thoughts. I agree with your conclusions (similar to the video's ones). Yes, my ARK assets are in a tax-deferred account (Roth).
Impatience
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Re: Hostile Takeover of ARK Investment Management?

Post by Impatience »

fingoals wrote: Wed Nov 18, 2020 8:09 pm
Impatience wrote: Tue Nov 17, 2020 11:32 pm Characterizing it as a “hostile takeover” is pure clickbait. All they’re doing is exercising an option that ARK itself agreed to. You’d might as well claim as I’m conducting a “hostile takeover” of your shares when I exercise a call option you sold me.
Characterizing the title of this post as "pure clickbait" is a pure mischaracterization. From Wikipedia: "clickbait, a form of false advertisement, uses hyperlink text or a thumbnail link that is designed to attract attention and to entice users to follow that link and read, view, or listen to the linked piece of online content, with a defining characteristic of being deceptive, typically sensationalized or misleading" (emphasis mine). Can you prove that I had deception in mind when submitting my original post? What happened was that I was confused by the situation and, at the time, that's how I interpreted relevant events. So, maybe I'm guilty of being confused or misinterpreting something (but who hasn't ever been guilty of those?). But not of a clickbait post.
I was criticizing the article, not you. Geeze you people are so hypersensitive.
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fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

Impatience wrote: Wed Nov 18, 2020 8:24 pm
fingoals wrote: Wed Nov 18, 2020 8:09 pm
Impatience wrote: Tue Nov 17, 2020 11:32 pm Characterizing it as a “hostile takeover” is pure clickbait. All they’re doing is exercising an option that ARK itself agreed to. You’d might as well claim as I’m conducting a “hostile takeover” of your shares when I exercise a call option you sold me.
Characterizing the title of this post as "pure clickbait" is a pure mischaracterization. From Wikipedia: "clickbait, a form of false advertisement, uses hyperlink text or a thumbnail link that is designed to attract attention and to entice users to follow that link and read, view, or listen to the linked piece of online content, with a defining characteristic of being deceptive, typically sensationalized or misleading" (emphasis mine). Can you prove that I had deception in mind when submitting my original post? What happened was that I was confused by the situation and, at the time, that's how I interpreted relevant events. So, maybe I'm guilty of being confused or misinterpreting something (but who hasn't ever been guilty of those?). But not of a clickbait post.
I was criticizing the article, not you. Geeze you people are so hypersensitive.
I don't think so. The article linked in my OP doesn't even contain the phrase "hostile takeover" (perhaps, you have mistakenly assumed that it was the case). Those were my words, hence my reaction to your comment. I'm not hypersensitive; it's just, like most normal people, I don't like unfounded accusations.
000
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Re: Hostile Takeover of ARK Investment Management?

Post by 000 »

Don't worry, fingoals. Your use of the term "hostile takeover" is consistent with my understanding of the term; it refers to a takeover that is hostile to current management, not ownership, as the owners of a business can't be forced to sell their shares because another entity seeks to acquire it. In this case, the current majority ownership does not have the right to continue being the majority, but a potential takeover by Resolute would nevertheless be hostile to ARK's management.
Topic Author
fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

000 wrote: Wed Nov 18, 2020 11:55 pm Don't worry, fingoals. Your use of the term "hostile takeover" is consistent with my understanding of the term; it refers to a takeover that is hostile to current management, not ownership, as the owners of a business can't be forced to sell their shares because another entity seeks to acquire it. In this case, the current majority ownership does not have the right to continue being the majority, but a potential takeover by Resolute would nevertheless be hostile to ARK's management.
Thank you, 000. I appreciate your support and clarifications (which make sense). Apparently, I was intuitively close to your interpretation. :-)
rkhusky
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Re: Hostile Takeover of ARK Investment Management?

Post by rkhusky »

nedsaid wrote: Wed Nov 18, 2020 2:14 am Were I an investor, I would monitor the situation. Hopefully, your investments are in a tax deferred account like an IRA and you can sell if things with ARK go south. More complicated if you hold these in a taxable account as you have to consider capital gains. No reason to panic here.
If things go south, it is too late. In that case, having the fund in taxable would be much better than an IRA, since you could at least TLH in taxable.

Or is OP monitoring ARK more closely than its other investors, such as on an hourly or daily basis?
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nedsaid
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Re: Hostile Takeover of ARK Investment Management?

Post by nedsaid »

rkhusky wrote: Thu Nov 19, 2020 8:12 am
nedsaid wrote: Wed Nov 18, 2020 2:14 am Were I an investor, I would monitor the situation. Hopefully, your investments are in a tax deferred account like an IRA and you can sell if things with ARK go south. More complicated if you hold these in a taxable account as you have to consider capital gains. No reason to panic here.
If things go south, it is too late. In that case, having the fund in taxable would be much better than an IRA, since you could at least TLH in taxable.

Or is OP monitoring ARK more closely than its other investors, such as on an hourly or daily basis?
Five of the seven ETFs have done great, pretty likely investors would have capital gains and in some cases pretty substantial capital gains. So if you were dissatisfied with a change in management and wanted to sell, you would have to consider capital gains taxes if these were held in a taxable account. Pretty hard to tax loss harvest with gains.

What I meant by going south is if it appeared that Ms. Wood would lose control of the company and leave. It could take a while for the ETF performance to be affected.
A fool and his money are good for business.
rkhusky
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Re: Hostile Takeover of ARK Investment Management?

Post by rkhusky »

nedsaid wrote: Thu Nov 19, 2020 4:17 pm What I meant by going south is if it appeared that Ms. Wood would lose control of the company and leave. It could take a while for the ETF performance to be affected.
Perhaps. ARKK has 47 stocks, with 50%+ in the top 10. Wouldn't take more than a few poor bets and some bad luck to see significant changes. Couple that with the loss of the secret sauce and a lot of folks might bail.
Topic Author
fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

Just ran across relevant discussion on Reddit. Nothing particularly new, but I thought I would post it here for the sake of coverage comprehensiveness.
thwang99
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Re: Hostile Takeover of ARK Investment Management?

Post by thwang99 »

langlands wrote: Wed Nov 18, 2020 11:31 am
midareff wrote: Wed Nov 18, 2020 9:51 am
ElJefeDelQueso wrote: Tue Nov 17, 2020 10:34 pm
midareff wrote: Sat Nov 14, 2020 7:34 am
fingoals wrote: Sat Nov 14, 2020 7:03 am What do you think about this news? Is it still safe to invest or remain invested in ARK funds, considering the situation?

P.S. I'm very surprised that Cathie Wood has allowed such a terrible option to be included in the original contract. Why would you do this to your company?
I think it is financial porn I could not care less about.
Not a helpful or actionable comment.
and yours is?

BTW, you might reread the OP's original post which asked; "What do you think about this news?" My post answered that question with what I thought about that news directly. U B the one off base here.
+1 for ElJefeDelQueso. Also, the reception of your comment in this thread makes clear that he is correct.
+1 for ElJefeDelQueso. Pointing out a comment is not helpful is helpful, it will make board better in future as everyone learns to make better posts.
dru808
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Re: Hostile Takeover of ARK Investment Management?

Post by dru808 »

Is arkk a mixture or sort of an s&p version of the ark ETFs?
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Topic Author
fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

dru808 wrote: Fri Nov 20, 2020 7:23 pm Is arkk a mixture or sort of an s&p version of the ark ETFs?
I wouldn't consider ARKK a mixture or an S&P version of ARK ETFs. While there is some overlap between ARK ETFs (with the largest one - of 57% - existing between ARKK and ARKW), each ARK ETF has corresponding focus. The following handy online tool provides detailed information on relevant overlaps and secondary focus industry sectors: https://www.etfrc.com/funds/overlap.php.
Keenobserver
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Re: Hostile Takeover of ARK Investment Management?

Post by Keenobserver »

I have quite a bit of ArKk. Not too worried. I think it will continue to do well.
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fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

Keenobserver wrote: Sat Nov 21, 2020 8:17 pm I have quite a bit of ArKk. Not too worried. I think it will continue to do well.
Thank you for sharing your thoughts. I'm curious about why you have decided to hold ARKK only & not diversify by holding other thematic ARK funds as well.
occambogle
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Re: Hostile Takeover of ARK Investment Management?

Post by occambogle »

fingoals wrote: Sat Nov 21, 2020 6:05 am I wouldn't consider ARKK a mixture or an S&P version of ARK ETFs. While there is some overlap between ARK ETFs (with the largest one - of 57% - existing between ARKK and ARKW), each ARK ETF has corresponding focus. The following handy online tool provides detailed information on relevant overlaps and secondary focus industry sectors: https://www.etfrc.com/funds/overlap.php.
Also have a look at this post of mine and the links contained for a nice spreadsheet/graphic showing holdings of ARKK vs 25% each of the four ARKW,ARKG,ARKF,ARKQ.....
Keenobserver
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Re: Hostile Takeover of ARK Investment Management?

Post by Keenobserver »

fingoals wrote: Sun Nov 22, 2020 8:36 am
Keenobserver wrote: Sat Nov 21, 2020 8:17 pm I have quite a bit of ArKk. Not too worried. I think it will continue to do well.
Thank you for sharing your thoughts. I'm curious about why you have decided to hold ARKK only & not diversify by holding other thematic ARK funds as well.
They have been doing well for not only the last year, but the last 5 years. Actively managed means they will adjust/ morph with trends as actively.managed should. I am a believer in Tesla long term but was too conservative to go all in 1 stock. Arkk is my leg in Tesla. I also like the fundamentals of Square, again didnt want to buy just Square. I am confident ARKk will beat sp 500 annualy, albeit carries more risk. I am.ok with that risk. Arkk is my more risky play. Its better than me buying individual stocks. There are days when Tesla is down and ArKk is still up. I didnt buy any of the other thematic ArK funds as i feel ArKk is more of an umbrella and reduces trend shift risks. You can also end up.making more if those trends do well ( Genome) etc. Personally woud not put much in Genome, but ARKK gives me some play on Genome as well. I am.also investing in green energy ETFs and doing well thus far. I think next 4 years they will do really well. I hold airline stocks and doing well on them as well, will probably dump on news of stimulus and buy ArKk and ckean energy ETFs. Most of my invesmets are in sp 500 index of course. Whats your play?
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fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

Keenobserver wrote: Sun Nov 22, 2020 10:19 am
fingoals wrote: Sun Nov 22, 2020 8:36 am
Keenobserver wrote: Sat Nov 21, 2020 8:17 pm I have quite a bit of ArKk. Not too worried. I think it will continue to do well.
Thank you for sharing your thoughts. I'm curious about why you have decided to hold ARKK only & not diversify by holding other thematic ARK funds as well.
They have been doing well for not only the last year, but the last 5 years. Actively managed means they will adjust/ morph with trends as actively.managed should. I am a believer in Tesla long term but was too conservative to go all in 1 stock. Arkk is my leg in Tesla. I also like the fundamentals of Square, again didnt want to buy just Square. I am confident ARKk will beat sp 500 annualy, albeit carries more risk. I am.ok with that risk. Arkk is my more risky play. Its better than me buying individual stocks. There are days when Tesla is down and ArKk is still up. I didnt buy any of the other thematic ArK funds as i feel ArKk is more of an umbrella and reduces trend shift risks. You can also end up.making more if those trends do well ( Genome) etc. Personally woud not put much in Genome, but ARKK gives me some play on Genome as well. I am.also investing in green energy ETFs and doing well thus far. I think next 4 years they will do really well. I hold airline stocks and doing well on them as well, will probably dump on news of stimulus and buy ArKk and ckean energy ETFs. Most of my invesmets are in sp 500 index of course. Whats your play?
I appreciate your detailed reply and I'm glad that just ARKK works well for you. I have also considered going ARKK or more recently slightly better-performing ARKW as umbrella technology ETFs. However, my current thesis is that sectors covered by ARKG, ARKF and ARKQ will outperform overall tech sector and, thus, I have invested very small amounts (essentially, a part of my original EF) in those ETFs. Having said that, I'm considering these three ETFs more of a hedge against elevated risk that I have taken by investing also very small amounts in some individual stocks that I have conviction about (plan to add a couple more). We'll see how it goes ... I've started this deviation from pure EF just a week ago, so not enough data points, but, so far, I'm up 7.7%.
Topic Author
fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

occambogle wrote: Sun Nov 22, 2020 8:41 am
fingoals wrote: Sat Nov 21, 2020 6:05 am I wouldn't consider ARKK a mixture or an S&P version of ARK ETFs. While there is some overlap between ARK ETFs (with the largest one - of 57% - existing between ARKK and ARKW), each ARK ETF has corresponding focus. The following handy online tool provides detailed information on relevant overlaps and secondary focus industry sectors: https://www.etfrc.com/funds/overlap.php.
Also have a look at this post of mine and the links contained for a nice spreadsheet/graphic showing holdings of ARKK vs 25% each of the four ARKW,ARKG,ARKF,ARKQ.....
Thank you for sharing, will read your post in detail later. But, having glanced over it, I'm not surprised by your core finding and I attribute slightly higher ARKK's performance vs. the "hybrid" ARK portfolio to absence of Tesla holding in ARKG and ARKF ETFs as well as better recent performance of cloud-related stocks that are not represented as broadly in those funds. As for lower volatility and higher risk-adjusted returns, I think that it is simply a result of the higher diversification of the "hybrid" portfolio across sectors vs. pure ARKK holding.
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Re: Hostile Takeover of ARK Investment Management?

Post by dru808 »

occambogle wrote: Sun Nov 22, 2020 8:41 am
fingoals wrote: Sat Nov 21, 2020 6:05 am I wouldn't consider ARKK a mixture or an S&P version of ARK ETFs. While there is some overlap between ARK ETFs (with the largest one - of 57% - existing between ARKK and ARKW), each ARK ETF has corresponding focus. The following handy online tool provides detailed information on relevant overlaps and secondary focus industry sectors: https://www.etfrc.com/funds/overlap.php.
Also have a look at this post of mine and the links contained for a nice spreadsheet/graphic showing holdings of ARKK vs 25% each of the four ARKW,ARKG,ARKF,ARKQ.....
I’ve been watching some of Cathie’s talks and interviews, she’s so convincing. “take my money”!
65% US equity | 25% ex US equity | 10% US long bond index
Topic Author
fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

dru808 wrote: Sun Nov 22, 2020 5:27 pm
occambogle wrote: Sun Nov 22, 2020 8:41 am
fingoals wrote: Sat Nov 21, 2020 6:05 am I wouldn't consider ARKK a mixture or an S&P version of ARK ETFs. While there is some overlap between ARK ETFs (with the largest one - of 57% - existing between ARKK and ARKW), each ARK ETF has corresponding focus. The following handy online tool provides detailed information on relevant overlaps and secondary focus industry sectors: https://www.etfrc.com/funds/overlap.php.
Also have a look at this post of mine and the links contained for a nice spreadsheet/graphic showing holdings of ARKK vs 25% each of the four ARKW,ARKG,ARKF,ARKQ.....
I’ve been watching some of Cathie’s talks and interviews, she’s so convincing. “take my money”!
Yes, it is quite difficult to disagree with her from the long-term investment perspective. The question is how far that horizon starts ...? :-) With this in mind, what do you think about her positive stance on Bitcoin (as well as some recent relevant institutional moves in this regard reinforcing the trend)?

P.S. I was quite surprised to find that Grayscale Bitcoin Trust has been added to ARKW, but not to ARKK or, more appropriately, to ARKF. Go figure ...
Keenobserver
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Re: Hostile Takeover of ARK Investment Management?

Post by Keenobserver »

fingoals wrote: Sun Nov 22, 2020 5:13 pm
Keenobserver wrote: Sun Nov 22, 2020 10:19 am
fingoals wrote: Sun Nov 22, 2020 8:36 am
Keenobserver wrote: Sat Nov 21, 2020 8:17 pm I have quite a bit of ArKk. Not too worried. I think it will continue to do well.
Thank you for sharing your thoughts. I'm curious about why you have decided to hold ARKK only & not diversify by holding other thematic ARK funds as well.
They have been doing well for not only the last year, but the last 5 years. Actively managed means they will adjust/ morph with trends as actively.managed should. I am a believer in Tesla long term but was too conservative to go all in 1 stock. Arkk is my leg in Tesla. I also like the fundamentals of Square, again didnt want to buy just Square. I am confident ARKk will beat sp 500 annualy, albeit carries more risk. I am.ok with that risk. Arkk is my more risky play. Its better than me buying individual stocks. There are days when Tesla is down and ArKk is still up. I didnt buy any of the other thematic ArK funds as i feel ArKk is more of an umbrella and reduces trend shift risks. You can also end up.making more if those trends do well ( Genome) etc. Personally woud not put much in Genome, but ARKK gives me some play on Genome as well. I am.also investing in green energy ETFs and doing well thus far. I think next 4 years they will do really well. I hold airline stocks and doing well on them as well, will probably dump on news of stimulus and buy ArKk and ckean energy ETFs. Most of my invesmets are in sp 500 index of course. Whats your play?
I appreciate your detailed reply and I'm glad that just ARKK works well for you. I have also considered going ARKK or more recently slightly better-performing ARKW as umbrella technology ETFs. However, my current thesis is that sectors covered by ARKG, ARKF and ARKQ will outperform overall tech sector and, thus, I have invested very small amounts (essentially, a part of my original EF) in those ETFs. Having said that, I'm considering these three ETFs more of a hedge against elevated risk that I have taken by investing also very small amounts in some individual stocks that I have conviction about (plan to add a couple more). We'll see how it goes ... I've started this deviation from pure EF just a week ago, so not enough data points, but, so far, I'm up 7.7%.
Care to share your individual stocks and why you have them? I intend to build position on Qualcomm long term and they might find expansion in China due to diminished threat of trade war with china, and also because of their fundamentals and future of 5G. Also Pinterest. Then again, can just buy more Arkk and be done with it. Again , I am mostly sp 500 index but market trends cannot be ignored.
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fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

Keenobserver wrote: Sun Nov 22, 2020 6:04 pm
fingoals wrote: Sun Nov 22, 2020 5:13 pm
Keenobserver wrote: Sun Nov 22, 2020 10:19 am
fingoals wrote: Sun Nov 22, 2020 8:36 am
Keenobserver wrote: Sat Nov 21, 2020 8:17 pm I have quite a bit of ArKk. Not too worried. I think it will continue to do well.
Thank you for sharing your thoughts. I'm curious about why you have decided to hold ARKK only & not diversify by holding other thematic ARK funds as well.
They have been doing well for not only the last year, but the last 5 years. Actively managed means they will adjust/ morph with trends as actively.managed should. I am a believer in Tesla long term but was too conservative to go all in 1 stock. Arkk is my leg in Tesla. I also like the fundamentals of Square, again didnt want to buy just Square. I am confident ARKk will beat sp 500 annualy, albeit carries more risk. I am.ok with that risk. Arkk is my more risky play. Its better than me buying individual stocks. There are days when Tesla is down and ArKk is still up. I didnt buy any of the other thematic ArK funds as i feel ArKk is more of an umbrella and reduces trend shift risks. You can also end up.making more if those trends do well ( Genome) etc. Personally woud not put much in Genome, but ARKK gives me some play on Genome as well. I am.also investing in green energy ETFs and doing well thus far. I think next 4 years they will do really well. I hold airline stocks and doing well on them as well, will probably dump on news of stimulus and buy ArKk and ckean energy ETFs. Most of my invesmets are in sp 500 index of course. Whats your play?
I appreciate your detailed reply and I'm glad that just ARKK works well for you. I have also considered going ARKK or more recently slightly better-performing ARKW as umbrella technology ETFs. However, my current thesis is that sectors covered by ARKG, ARKF and ARKQ will outperform overall tech sector and, thus, I have invested very small amounts (essentially, a part of my original EF) in those ETFs. Having said that, I'm considering these three ETFs more of a hedge against elevated risk that I have taken by investing also very small amounts in some individual stocks that I have conviction about (plan to add a couple more). We'll see how it goes ... I've started this deviation from pure EF just a week ago, so not enough data points, but, so far, I'm up 7.7%.
Care to share your individual stocks and why you have them? I intend to build position on Qualcomm long term and they might find expansion in China due to diminished threat of trade war with china, and also because of their fundamentals and future of 5G. Again , I mostly sp 500 index but market trends cannot be ignored.
Sure, no problem. I currently have JD (e-commerce, huge Chinese market), SBE (SPAC for ChargePoint - green energy trend, EV charging infrastructure), NIO, XPENG, LI ("new energy", exponentially growing EV market in China). Planning on adding BABA (to complement JD, same thesis), BYDDY (large & solid vertically integrated battery and EV player in Chinese market and beyond) as well as MRNA and BNTX (COVID vaccines play). Several more are minor and I haven't decided about them due to recently uncovered downward trend for most SPAC stocks after the merger. I'm also thinking about buying a little bit of Bitcoin to hedge against inflation and potentially benefit from a potential significant uptrend (as predicted by ARK / Cathy Wood, Black Rock and others).
dru808
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Re: Hostile Takeover of ARK Investment Management?

Post by dru808 »

fingoals wrote: Sun Nov 22, 2020 5:34 pm
dru808 wrote: Sun Nov 22, 2020 5:27 pm
occambogle wrote: Sun Nov 22, 2020 8:41 am
fingoals wrote: Sat Nov 21, 2020 6:05 am I wouldn't consider ARKK a mixture or an S&P version of ARK ETFs. While there is some overlap between ARK ETFs (with the largest one - of 57% - existing between ARKK and ARKW), each ARK ETF has corresponding focus. The following handy online tool provides detailed information on relevant overlaps and secondary focus industry sectors: https://www.etfrc.com/funds/overlap.php.
Also have a look at this post of mine and the links contained for a nice spreadsheet/graphic showing holdings of ARKK vs 25% each of the four ARKW,ARKG,ARKF,ARKQ.....
I’ve been watching some of Cathie’s talks and interviews, she’s so convincing. “take my money”!
Yes, it is quite difficult to disagree with her from the long-term investment perspective. The question is how far that horizon starts ...? :-) With this in mind, what do you think about her positive stance on Bitcoin (as well as some recent relevant institutional moves in this regard reinforcing the trend)?

P.S. I was quite surprised to find that Grayscale Bitcoin Trust has been added to ARKW, but not to ARKK or, more appropriately, to ARKF. Go figure ...
I don’t know, but like you I am surprised there is no GBTC in f or k. How will you be adding bitcoin to your portfolio, which exchange and which account/s?
65% US equity | 25% ex US equity | 10% US long bond index
Keenobserver
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Re: Hostile Takeover of ARK Investment Management?

Post by Keenobserver »

fingoals wrote: Sun Nov 22, 2020 6:20 pm
Keenobserver wrote: Sun Nov 22, 2020 6:04 pm
fingoals wrote: Sun Nov 22, 2020 5:13 pm
Keenobserver wrote: Sun Nov 22, 2020 10:19 am
fingoals wrote: Sun Nov 22, 2020 8:36 am

Thank you for sharing your thoughts. I'm curious about why you have decided to hold ARKK only & not diversify by holding other thematic ARK funds as well.
They have been doing well for not only the last year, but the last 5 years. Actively managed means they will adjust/ morph with trends as actively.managed should. I am a believer in Tesla long term but was too conservative to go all in 1 stock. Arkk is my leg in Tesla. I also like the fundamentals of Square, again didnt want to buy just Square. I am confident ARKk will beat sp 500 annualy, albeit carries more risk. I am.ok with that risk. Arkk is my more risky play. Its better than me buying individual stocks. There are days when Tesla is down and ArKk is still up. I didnt buy any of the other thematic ArK funds as i feel ArKk is more of an umbrella and reduces trend shift risks. You can also end up.making more if those trends do well ( Genome) etc. Personally woud not put much in Genome, but ARKK gives me some play on Genome as well. I am.also investing in green energy ETFs and doing well thus far. I think next 4 years they will do really well. I hold airline stocks and doing well on them as well, will probably dump on news of stimulus and buy ArKk and ckean energy ETFs. Most of my invesmets are in sp 500 index of course. Whats your play?
I appreciate your detailed reply and I'm glad that just ARKK works well for you. I have also considered going ARKK or more recently slightly better-performing ARKW as umbrella technology ETFs. However, my current thesis is that sectors covered by ARKG, ARKF and ARKQ will outperform overall tech sector and, thus, I have invested very small amounts (essentially, a part of my original EF) in those ETFs. Having said that, I'm considering these three ETFs more of a hedge against elevated risk that I have taken by investing also very small amounts in some individual stocks that I have conviction about (plan to add a couple more). We'll see how it goes ... I've started this deviation from pure EF just a week ago, so not enough data points, but, so far, I'm up 7.7%.
Care to share your individual stocks and why you have them? I intend to build position on Qualcomm long term and they might find expansion in China due to diminished threat of trade war with china, and also because of their fundamentals and future of 5G. Again , I mostly sp 500 index but market trends cannot be ignored.
Sure, no problem. I currently have JD (e-commerce, huge Chinese market), SBE (SPAC for ChargePoint - green energy trend, EV charging infrastructure), NIO, XPENG, LI ("new energy", exponentially growing EV market in China). Planning on adding BABA (to complement JD, same thesis), BYDDY (large & solid vertically integrated battery and EV player in Chinese market and beyond) as well as MRNA and BNTX (COVID vaccines play). Several more are minor and I haven't decided about them due to recently uncovered downward trend for most SPAC stocks after the merger. I'm also thinking about buying a little bit of Bitcoin to hedge against inflation and potentially benefit from a potential significant uptrend (as predicted by ARK / Cathy Wood, Black Rock and others).
Thanks for sharing. I have some LI.
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fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

dru808 wrote: Sun Nov 22, 2020 6:26 pm
fingoals wrote: Sun Nov 22, 2020 5:34 pm
dru808 wrote: Sun Nov 22, 2020 5:27 pm
occambogle wrote: Sun Nov 22, 2020 8:41 am
fingoals wrote: Sat Nov 21, 2020 6:05 am I wouldn't consider ARKK a mixture or an S&P version of ARK ETFs. While there is some overlap between ARK ETFs (with the largest one - of 57% - existing between ARKK and ARKW), each ARK ETF has corresponding focus. The following handy online tool provides detailed information on relevant overlaps and secondary focus industry sectors: https://www.etfrc.com/funds/overlap.php.
Also have a look at this post of mine and the links contained for a nice spreadsheet/graphic showing holdings of ARKK vs 25% each of the four ARKW,ARKG,ARKF,ARKQ.....
I’ve been watching some of Cathie’s talks and interviews, she’s so convincing. “take my money”!
Yes, it is quite difficult to disagree with her from the long-term investment perspective. The question is how far that horizon starts ...? :-) With this in mind, what do you think about her positive stance on Bitcoin (as well as some recent relevant institutional moves in this regard reinforcing the trend)?

P.S. I was quite surprised to find that Grayscale Bitcoin Trust has been added to ARKW, but not to ARKK or, more appropriately, to ARKF. Go figure ...
I don’t know, but like you I am surprised there is no GBTC in f or k. How will you be adding bitcoin to your portfolio, which exchange and which account/s?
I'm considering purchasing Bitcoin directly (as opposed to holding GBTC), either via Coinbase or Kraken (more control, less fees), or via PayPal (simplicity). Each method and broker has their own pros (the main ones listed above) and cons. I have been recently reading about all those in detail and will make a decision eventually. However, I'm waiting for expected Bitcoin "correction", as the current price seems a bit crazy to my taste ... :-) Even if I decide to go ahead with this, my Bitcoin exposure will be in the 2.5%-5% range (ARK / Cathy Wood is even more conservative - 1.77% - despite their firm conviction).

Re: which account(s) - I currently don't have any free funds in taxable, so all my recent activity happens in my Roth account.
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fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

Keenobserver wrote: Sun Nov 22, 2020 6:36 pm Thanks for sharing. I have some LI.
You're welcome.
occambogle
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Re: Hostile Takeover of ARK Investment Management?

Post by occambogle »

fingoals wrote: Sun Nov 22, 2020 5:34 pm P.S. I was quite surprised to find that Grayscale Bitcoin Trust has been added to ARKW, but not to ARKK or, more appropriately, to ARKF. Go figure ...
Agree on that. For all Ark's talk about Bitcoin they don't actually seem to have that much and I'd actually be happy for them to have a bit more as investing directly in Bitcoin seems to me a bit of a hassle. They did however recently add a stake in Silvergate Capital to ARKF.
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fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

occambogle wrote: Mon Nov 23, 2020 2:01 am
fingoals wrote: Sun Nov 22, 2020 5:34 pm P.S. I was quite surprised to find that Grayscale Bitcoin Trust has been added to ARKW, but not to ARKK or, more appropriately, to ARKF. Go figure ...
... investing directly in Bitcoin seems to me a bit of a hassle.
Well, it is becoming pretty easy nowadays, especially, with recent PayPal initiative.
occambogle wrote: Mon Nov 23, 2020 2:01 am ... They did however recently add a stake in Silvergate Capital to ARKF.
Interesting, thank you for letting me know. I guess, I have somehow missed that when browsing through ARKF holdings. However, I would not consider derivative funds like SI (and, largely, even GSBT) a Bitcoin investment per se, as there is a low correlation between prices of Bitcoin and relevant shares.
effigy98
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Re: Hostile Takeover of ARK Investment Management?

Post by effigy98 »

Pretty happy with ARK funds. I rather have a research house picking for me as I don't have the time to invest in it and will happily pay the .75 fee.
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fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

effigy98 wrote: Mon Nov 23, 2020 12:37 pm Pretty happy with ARK funds. I rather have a research house picking for me as I don't have the time to invest in it and will happily pay the .75 fee.
I'm glad that ARK funds work well for you. Thank you for sharing your thoughts.
Keenobserver
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Re: Hostile Takeover of ARK Investment Management?

Post by Keenobserver »

Purchased more Arkk this morn .before the gains.later in day...did I market time? Oh well worked out.
Topic Author
fingoals
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Re: Hostile Takeover of ARK Investment Management?

Post by fingoals »

Keenobserver wrote: Mon Nov 23, 2020 4:15 pm Purchased more Arkk this morn .before the gains.later in day...did I market time? Oh well worked out.
I'm kicking myself for not starting my small market timing "affair" much sooner. Oh well. :-)
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