What is your view on ARK and its holdings at this point? Before answering that question I have to answer one you didn't ask. ;)One has to have conviction in one's positions. To misquote Philip Fisher, "Give your stocks a chance." What is your view on ARK and its holdings at this point? It has not changed. What has changed is the market's appetite for risky high growth stocks based on Powell Speak and interest rates. This is not an idle supposition. I keep track of over 50 stocks including some value stocks I no longer own but would if I were to switch back to value. Today's close: two indexes and four value stocks made all time highs, Ross Stores -- off-price retail, Old Dominion Freight -- less that truckload, and the two leading credit cards.Ticker Company – Index All time high Up $$$ Up %%%ROST Ross Stores, Inc. 129.07 2.20 1.73^GSPC S&P 500 Index 4,170.42 45.76 1.11V Visa Inc. 226.28 4.30 1.94MA MasterCard Inc. 386.49 8.17 2.16^DJI Dow Jones Industrial Average 34,035.99 305.10 0.90ODFL Old Dominion Freight Line 250.09 2.20 0.89If you need confirmation about how upside-down the market is, look at the three main indexes YTD:DJIA 11.2%SPX 11.0%NASDAQ 8.9%Denny -10.7%Compare their historic performance:30 years: https://softwaretimes.com/pics/indexes-30years.gifBut markets are not escalators to Financial Heaven, they are much more like roller coasters.Back during the dot com bubble I was following the guru of the day, George Gilder. He insisted that the Gilder Technology Report (GTR) was not investment advice which turned out to be true. The GTR had no exit strategy, when the bubble burst Gilder almost went bankrupt and I paid the highest tuition fee you can imagine, in banker speak, low seven digits... ouch!Between then and now I picked up some very important advice, own a sturdy portfolio. Sturdy means no margin, own stocks that will bounce back, and have an adequate reserve fund which I doubled in 2020, the last deposit on Feb 1, six months worth of ordinary expenses.The other difference is that unlike the GTR, ARK ETFs are investing quality advice. Gilder was only interested in the technologies, Cathie Wood wants to make money and not go bankrupt in the process.How much have your stocks fallen? None of mine have fallen by 50%, a common occurrence in high growth stocks. If you can't stand this kind of volatility then high growth is not for you, at least not so concentratedTicker P/LSPWR -43.3% <-- not ARKEVGN -38.0% XONE -37.1% BEAM -32.8% NNDM -29.2% ENPH -23.5% <-- not ARKTWST -21.4% FATE -21.3% PLTR -15.2% NTLA -9.9% ROKU -6.6% DMTK 2.4% <-- not ARKPACB 23.2% TSLA 72.4% ARK Invest does not just sit on their positions. They do quite a bit of trading to take advantage of whatever the market is offering. By quite a coincidence today I decided that I should not just be a bystander either. Today I sold covered calls on several of my positions. Generating cash is always a good idea. What I want to accomplish is to generate enough cash to cover my ordinary expenses so that there is no need for a fire sale of stocks.I wonder how to save myself from.this situation? Don't panic.Is there any point in holding when the stock keeps dropping more in value? Are these stocks loosing intrinsic value or is it just falling prices? I have often argued that the price you get is the value of the things you sell. What is the value of something you don't sell? It must be more than the market's going price as otherwise you'd be selling. But this is the ideal case. If you are strapped for money then you are at the mercy of the buyers. This is the reason for the large cash reserve, to be in control.The better question would be "is there any point in selling (besides easing the pain)? Is a market rotation the end of AI, EVs, genomics, etc.PS. I jumped the ship and i am totally responsible. for my actions. just needing others opinion. 😊 Sorry to hear that but The Captain's ARK accepts returning passengers! ;)Denny SchlesingerTalking about The Captain's ARK, the user registration and login code has taken me a lot longer than I counted on.
Ticker Company – Index All time high Up $$$ Up %%%ROST Ross Stores, Inc. 129.07 2.20 1.73^GSPC S&P 500 Index 4,170.42 45.76 1.11V Visa Inc. 226.28 4.30 1.94MA MasterCard Inc. 386.49 8.17 2.16^DJI Dow Jones Industrial Average 34,035.99 305.10 0.90ODFL Old Dominion Freight Line 250.09 2.20 0.89
DJIA 11.2%SPX 11.0%NASDAQ 8.9%Denny -10.7%
Ticker P/LSPWR -43.3% <-- not ARKEVGN -38.0% XONE -37.1% BEAM -32.8% NNDM -29.2% ENPH -23.5% <-- not ARKTWST -21.4% FATE -21.3% PLTR -15.2% NTLA -9.9% ROKU -6.6% DMTK 2.4% <-- not ARKPACB 23.2% TSLA 72.4%
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