No doubt ADNPX's high fees (1.34%) are cost prohibitive for many people vs ARKK (0.75%), but neither are typically considered quick trading, flipping vehicles. Thanks for the current correction regarding ADNPX's front load. Perhaps for fear of losing sales to the financially sounder ARKK, American Beacon killed their original load. Good luck with the mutual fund.
Late Mar-early Apr, bought some of the typically very lightly traded CYDY <3 in a Roth solely used for riskier chances. Then and now, I never believed CYDY's particularly well managed, it remains in the grays and hence has virtually no institutional holders (ahead of possible move to Nasdaq). That said, CYDY's recently added more-competent pharma leaders, begun to enhance their financials, signed prospective manufacturing agreements with Samsung Biologics and Ajinomoto (FDA-clearance dependent), and CYDY's Leronlimab/Vyrologix may luck into a narrowly-scoped FDA clearance for severe-to-critical SARS-2 patients (potentially later, other uses for Covid-19 long haulers and for breast cancer, HIV, NASH, etc.).
Thanks on the fund, we shall see what the new year brings. I did buy both ARKG and ARKK this past Wednesday on their respective dips. Cathie is incredibly bullish on the genomics sector for 2021 and beyond- thus far I appreciate her and her team's boldness and vision, she has my confidence.
I was looking to get in since 18k or so but the recent spike was so severe that a pullback never happened. Have put most of my crypto assets into ETH now, hoping for a big enough pullback on BTC to add. Dogecoin is having a parabolic run the past few days. Available on Robinhood but not Coinbase.
That's a great resource - thank you so much...!Bookmark this link.
The above link is to a website that lists the all 149 combined holdings of Ark Invest and tethering percentages to their respective funds. The site is regularly update.
Good luck and God bless Cathie Wood.
IMO the big investment firms and other whales got in before the checks and have been driving the price up. The FOMO now from everyone else will be put into BTC. The whales and financial institutions will cash out. That's what it seems like. Probably wrong but it feels like a crash is coming and that seems plausible
The technical term is Pump and Dump. lol
There certainly will be a correction at some point- and people will certainly sell as the price increases. However the big boys move into BTC seems to be as a store of wealth. If that is the case then I think you will see more people holding BTC long term.
Yeah. Wondering if it’s not too hot. Thinking I should just cash out all my crypto and buy things like reits for income
YUP I read that Paul Tudor Jones bought a bunch of BTC
I was down quite a bit on crypto until recently. Vowed if I got even I’d get out but now that I’m close of course I worry if I sell it will keep running. My thinking is with BTC having made such a huge run, investors are piling into ETH which is still over 30% off its alltime high. I’m pretty new to crypto though so Scot-e and others might have better perspective.
Yeah crypto is not my thing but I’m also not sure how it fits into society. It is not going to be the currency.
How much of Jones' BTC has he subsequently sold?
nobody that follows it closely believes it will be a currency. i believe that most are treating it as a store of value and hoping it becomes a gold alternative/replacement.
Congrats on the gain. Did you give any thought to selling first trading day of 2021 instead so you don’t have to pay taxes on the gain for another year? Or maybe this will work out better if tax rates go up.
I had much lower income in 2020 than I'll have in 2021. That was a major consideration in selling.