Yes, it’s human nature and Bogleheads are humans
I remember my dental hygienist, whom I did not know, telling me in 1999 about Qualcomm stock.
Yes, it’s human nature and Bogleheads are humans
I think she did, but I did not. But I bought a lot of risky technology funds which also tanked, so the result was the same.spanky123 wrote: ↑Sat Jan 09, 2021 5:21 pmThe dental hygienist seems smart. Did he/she buy? Did you buy Qualcomm stock
Thanks for posting this update. A few things that interest me:MinnGuyInvesting wrote: ↑Sat Jan 09, 2021 4:27 pm ARK has rebounded some after being down a few days in December.
YTD returns (9 days in)
ARK-K - 14.45%
ARK-G - 13.51%
ARK-Q - 12.48%
ARK-W - 8.90%
ARK-F - 4.53%
Other notables:
TSLA - 24.71%
QQQ - 1.69%
Bitcoin - 40.88%
All the funds hold approximately 50-75 securities. Thus, ARKK is not really a blend of the other funds so much as a "greatest hits," i.e. the top 10-20 picks from each of the other funds. The immediate implication is that it makes no sense to buy all of ARKG, ARKQ, ARKW, and ARKF since by their own admission ARKK should dominate. I personally own ARKG because I can find no substitute (if someone knows of a hypergrowth genomics ETF, please let me know). Fintech/ecommerce and internet ETFs are a dime a dozen so I find ARKW and ARKF less appealing, and I don't believe in ARKQ. If someone really wants to tilt fintech via ARKF for instance, take a look at what in ARKF is also in ARKK- those are the stocks ARK really believes in. Probably a better idea just to buy those 10-20 stocks (or pick your own favorites from that set).000 wrote: ↑Sat Jan 09, 2021 5:49 pmThanks for posting this update. A few things that interest me:MinnGuyInvesting wrote: ↑Sat Jan 09, 2021 4:27 pm ARK has rebounded some after being down a few days in December.
YTD returns (9 days in)
ARK-K - 14.45%
ARK-G - 13.51%
ARK-Q - 12.48%
ARK-W - 8.90%
ARK-F - 4.53%
Other notables:
TSLA - 24.71%
QQQ - 1.69%
Bitcoin - 40.88%
ARKK (the "broad" fund) is beating ALL of the focused funds. I wouldn't expect that to be true since I thought ARKK basically held a mix of similar stocks as the other funds.
TSLA and BTC moonshoots are beating ALL the ARK funds - Diworsification at work?
Thanks for the explanation. I agree that the subfunds don't make a lot of sense then.langlands wrote: ↑Sat Jan 09, 2021 6:30 pm All the funds hold approximately 50-75 securities. Thus, ARKK is not really a blend of the other funds so much as a "greatest hits," i.e. the top 10-20 picks from each of the other funds. The immediate implication is that it makes no sense to buy all of ARKG, ARKQ, ARKW, and ARKF since by their own admission ARKK should dominate. I personally own ARKG because I can find no substitute (if someone knows of a hypergrowth genomics ETF, please let me know). Fintech/ecommerce and internet ETFs are a dime a dozen so I find ARKW and ARKF less appealing, and I don't believe in ARKQ. If someone really wants to tilt fintech via ARKF for instance, take a look at what in ARKF is also in ARKK- those are the stocks ARK really believes in. Probably a better idea just to buy those 10-20 stocks (or pick your own favorites from that set).
I guess that she is not that smart after all.Nicolas wrote: ↑Sat Jan 09, 2021 5:46 pmI think she did, but I did not. But I bought a lot of risky technology funds which also tanked, so the result was the same.spanky123 wrote: ↑Sat Jan 09, 2021 5:21 pmThe dental hygienist seems smart. Did he/she buy? Did you buy Qualcomm stock
Why was she smart? QCOM tanked and didn’t recover till last year, a twenty year stretch.
The outcome are impressive!MinnGuyInvesting wrote: ↑Sat Jan 09, 2021 8:12 pm Updating with last year's numbers.
YTD returns (9 days in) - Last Year
ARK-K - 14.45% - Last Year: 148.25%
ARK-G - 13.51% - Last Year: 185.23%
ARK-Q - 12.48% - Last Year: 110% (?)
ARK-W - 8.90% - Last Year: 150.77%
ARK-F - 4.53% -Last Year: 101.33%
ARK-G was the first I purchased in last year in summer.
You can see ARK-G and ARK-W both topped the ARK-K group last year.
Thanks. I also see that the simple average of the four is 136.83% while ARKK returned 148.25%. langlands may be on to something here...MinnGuyInvesting wrote: ↑Sat Jan 09, 2021 8:12 pm Updating with last year's numbers.
YTD returns (9 days in) - Last Year
ARK-K - 14.45% - Last Year: 148.25%
ARK-G - 13.51% - Last Year: 185.23%
ARK-Q - 12.48% - Last Year: 110% (?)
ARK-W - 8.90% - Last Year: 150.77%
ARK-F - 4.53% -Last Year: 101.33%
ARK-G was the first I purchased in last year in summer.
You can see ARK-G and ARK-W both topped the ARK-K group last year.
Yes, thanks, I'd forgotten that. Ken Heebner is another one of those people whose was lionized and widely hailed as an investment genius who proved the existence of skill. A 2008 Harvard Business School alumni magazine article said
SourceThe cover of Fortune magazine (June 9, 2008) didn’t pull any punches. Above a photo of Ken Heebner (MBA ’65), a banner headline screamed “America’s Hottest Investor,” and below that, the magazine declared, “With a 24% annual return over the past decade, this mad genius is arguably the best fund manager of our time.” A contrarian who likes to uncover and then make big bets on emerging trends invisible to everyone else, Heebner said he feels most confident “when everyone else thinks I’m nuts.” His Boston-based Capital Growth Management funds have recorded impressive results as he has moved in and out of stocks with an uncanny ability to anticipate their ups and downs amid the economy’s twists and turns. Said a colleague, “How do you explain genius? Ken just sees things others don’t.”
I wouldn't call Indexing very hot, at least as far as attention and discussion on the Internet.MinnGuyInvesting wrote: ↑Sat Jan 09, 2021 4:22 pmSo... we shouldn't invest in indexing either?hagridshut wrote: ↑Tue Dec 29, 2020 3:51 pm
The time to "go all in" on something is BEFORE it is hot. For example: buying Bitcoin in 2011, or NVDA (nVidia) in 2014. By the time it becomes hot, it is generally too late.
Indexing is very hot right now.
I think a 2019 stat said about 45% of investments are passive investors. (I assume that means not actively managed). Whether that's all index or not, I'm not sure.hagridshut wrote: ↑Sat Jan 09, 2021 8:35 pm
I wouldn't call Indexing very hot, at least as far as attention and discussion on the Internet.
Only a small subset of r/investing on Reddit really subscribes to indexing, and there are 1.3M members. On the other hand, r/wallstreetbets has 1.8M members and a ton more activity around Options, Active Trading, Leverage, Market Timing, and all the stuff that this forum generally stands against (in theory )
Indexing goes against human nature. Most people want to try to win against other people and get the highest gains possible by any means possible. Indexing is sitting back and going for the market return, which is guaranteed to be lower than the winners.
There has been a lot of money flowing into index funds over the past 10 years, but I think that's partially due to default 401(k) investments going into Target Date funds that are composed of underlying index funds.
Many workers are lazy and just go with the default, if they aren't really interested in Investing.
https://www.cnbc.com/2019/03/19/passive ... arket.htmlMinnGuyInvesting wrote: ↑Sat Jan 09, 2021 8:45 pm I think a 2019 stat said about 45% of investments are passive investors. (I assume that means not actively managed). Whether that's all index or not, I'm not sure.
when rebalance in taxable, you have STCG. but if rebalance in 401k, or Roth IRA, there is none?occambogle wrote: ↑Wed Sep 02, 2020 1:40 am as they are in taxable I'd have STCG if I changed anything now
You would pay tax on the distribution, such as cap gain, dividends/income. The total distribution of ARK funds could be found here: https://etfs.ark-funds.com/hubfs/1_Down ... K_ETFs.pdfTrey86 wrote: ↑Sat Jan 09, 2021 10:11 pm I’ve been interested in holding ARKK in a rainy day fund for a while but I’m uncertain of the tax implications of holding a high turnover ETF (80%) in a taxable account.
I know ETFs are structured to be tax efficient but does anyone know what holding these in a regular brokerage account would look like in practice? Would it just be cap gains distributed once annually at end of the year?
For a very quick look at this sort of thing, Morningstar has a nice feature where they estimate tax drag based what an investor in a high (highest? Not sure exactly) tax bracket would have paid in taxes by looking at the last three years of distributions.Trey86 wrote: ↑Sat Jan 09, 2021 10:11 pm I’ve been interested in holding ARKK in a rainy day fund for a while but I’m uncertain of the tax implications of holding a high turnover ETF (80%) in a taxable account.
I know ETFs are structured to be tax efficient but does anyone know what holding these in a regular brokerage account would look like in practice? Would it just be cap gains distributed once annually at end of the year?
New Providence wrote: ↑Fri Feb 05, 2021 6:55 pm I bought Ark Funds with my GME gains. It's part of my play money.
There's a new article on the WSJ saying that ARK is running too hot.
Hahaah....that's funny. Well, at least I'm not buying Bitcoin.Nathan Drake wrote: ↑Fri Feb 05, 2021 6:57 pmNew Providence wrote: ↑Fri Feb 05, 2021 6:55 pm I bought Ark Funds with my GME gains. It's part of my play money.
There's a new article on the WSJ saying that ARK is running too hot.
WSB Yolo Gains go into Ark as a flight to safety; Ark invests into FAANG as a flight to safety
Do you have a link to the WSJ article? I can’t find it. Thanks.New Providence wrote: ↑Fri Feb 05, 2021 6:55 pm I bought Ark Funds with my GME gains. It's part of my play money.
There's a new article on the WSJ saying that ARK is running too hot.
I see my investment on Ark Funds the same way it was with GME. Small portion, play money, speculative, on IRA, Short-Term. For GME 50% gains in a few days.
Who is Arvid Ali?jpmorganfunds wrote: ↑Fri Feb 05, 2021 9:28 pm Arvid Ali has some thoughts on Ark.
https://www.youtube.com/watch?v=s2kgPBol_Rw
I forgot about Janus! I had a Merrill Lynch financial advisor at the time who placed us in Janus funds. Needless to say the result was a disaster.Valuethinker wrote: ↑Sun Feb 07, 2021 8:52 amI keep thinking Janus, to be honest.
Now there was a name to conjure with, in the late 1990s ...
Of course, this time it is different .
Treat them like a mutual fund for tax purposes. Lots of Capital Gains, paid last day of the year (2020). Make sure these are in tax advantaged accounts if using the ACA and near a cliffTrey86 wrote: ↑Sat Jan 09, 2021 10:11 pm I’ve been interested in holding ARKK in a rainy day fund for a while but I’m uncertain of the tax implications of holding a high turnover ETF (80%) in a taxable account.
I know ETFs are structured to be tax efficient but does anyone know what holding these in a regular brokerage account would look like in practice? Would it just be cap gains distributed once annually at end of the year?
I’m sure I won’t be able to help myself. I’m starting to collect like it’s a hobby.
He was the manager for Jordan Belfort's companies. May have come from oil money. Seems to have an odd background, but most of what he's saying is pretty accurate.MinnGuyInvesting wrote: ↑Sun Feb 07, 2021 8:55 amWho is Arvid Ali?jpmorganfunds wrote: ↑Fri Feb 05, 2021 9:28 pm Arvid Ali has some thoughts on Ark.
https://www.youtube.com/watch?v=s2kgPBol_Rw
He says the "average reddit user" on WSB out-performed Cathie.
If the average Reddit user has, they all should create their own ETF's.
I don't think he has any factual data to prove that is true of the average reddit user.
He also says the portfolio is no better than the average 12 year old's.
PRNT and IZRL are two index ETF's they have that I believe are not actively managed.burritoLover wrote: ↑Mon Feb 08, 2021 10:02 am Are all Ark funds strictly actively managed or are there index-like elements to their strategy as well?
Roger - thanksMinnGuyInvesting wrote: ↑Mon Feb 08, 2021 10:22 amPRNT and IZRL are two index ETF's they have that I believe are not actively managed.burritoLover wrote: ↑Mon Feb 08, 2021 10:02 am Are all Ark funds strictly actively managed or are there index-like elements to their strategy as well?
They can afford to fall a long way, and yet still outperform the broader indexes. I’m enjoying the ride for now too
not me, if you'd like to speculate on what it might contain based on a fund ARK has available in Japan:
Probably buy a small position. I own ARK under my 5% play money. 90% of my investables are in Vanguardccf wrote: ↑Mon Feb 08, 2021 3:57 pmnot me, if you'd like to speculate on what it might contain based on a fund ARK has available in Japan:
https://twitter.com/FPTXYZ/status/1356698425799106566
Last I checked, ~5% of ARKW is in bitcoin. Just a heads up.New Providence wrote: ↑Fri Feb 05, 2021 7:33 pmHahaah....that's funny. Well, at least I'm not buying Bitcoin.Nathan Drake wrote: ↑Fri Feb 05, 2021 6:57 pmNew Providence wrote: ↑Fri Feb 05, 2021 6:55 pm I bought Ark Funds with my GME gains. It's part of my play money.
There's a new article on the WSJ saying that ARK is running too hot.
WSB Yolo Gains go into Ark as a flight to safety; Ark invests into FAANG as a flight to safety
John Rubino has some thoughts on Ark too.jpmorganfunds wrote: ↑Fri Feb 05, 2021 9:28 pm Arvid Ali has some thoughts on Ark.
https://www.youtube.com/watch?v=s2kgPBol_Rw