Fiverr Is My Newest Pick

[LivingAlmostLarge]

I'm holding stuff like sq, docu, shop, and now AMD that I wanted for a long time. just bought Arkk. I speculated on CCIV but I bought it after the fact and coin i bought as well. But coin I plan on keeping.

[jeffmem]

I'm holding stuff like sq, docu, shop, and now AMD that I wanted for a long time. just bought Arkk. I speculated on CCIV but I bought it after the fact and coin i bought as well. But coin I plan on keeping.

ARK. ROFL. Be careful man. Cathy doesn't even know how to use a calculator. I feel she is running a ponzi scheme.

[james.hendrickson]

ARK. ROFL. Be careful man. Cathy doesn't even know how to use a calculator. I feel she is running a ponzi scheme.

From the Wall Street Journal. Bottom line: ARK underperforms the S and P. *

Even after a major tumble the past few months, the actual damage isn’t obvious from a longer-term look at her funds’ performance charts. So many investors piled in relatively recently, though, that her actual wealth-creation record is unimpressive. Analysts at Bespoke Investment Group calculate that the money-weighted annualized return of her funds since inception was 5.24% through Monday. That is far less than a steady investment in a plain vanilla S&P 500 index fund.

https://www.wsj.com/articles/ark-was...od-11620749548

[Singuy]

From the Wall Street Journal. Bottom line: ARK underperforms the S and P.



https://www.wsj.com/articles/ark-was...od-11620749548

Lets not spread any fake news here.

In the past 5 years.

S&P 500's return is 99%
ARKK's return is 472%

So that article requires a big ass asterisk.

[james.hendrickson]

Lets not spread any fake news here.

In the past 5 years.

S&P 500's return is 99%
ARKK's return is 472%

So that article requires a big ass asterisk.

Is 72 point font big enough for ya?

[Singuy]

Is 72 point font big enough for ya?

Excellent, if it wasn't behind a paywall. James go get a universal license for the board. Thank you

[LivingAlmostLarge]

ARK. ROFL. Be careful man. Cathy doesn't even know how to use a calculator. I feel she is running a ponzi scheme.

Maybe but the truth is that i like what she's buying but I don't want to buy TDOC and BTC and other stuff I don't have enough to buy and properly diversify so why not? I think it's a good play to buy something with a lot less risk.

[disneysteve]

Nice to see FVRR recover a bit this week, up about $30 from the low.

[Singuy]

Looks like tech reversal is near. Lumber futures have been declining for 8 straight days, oil is down over 4% this month, housing numbers for April was poor, and copper is being expanded. The only thing that needs to get under control is chip shortages which is going to see relief 2H. This will increase new car supply in which will drop used car prices. Used car sales compared to this time last is caused most of the inflated CPI numbers.

Seems that the market is seeing this and start pricing it in by rotating back into tech out of higher interest rate plays like banks.

[jeffmem]

Looks like tech reversal is near. Lumber futures have been declining for 8 straight days, oil is down over 4% this month, housing numbers for April was poor, and copper is being expanded. The only thing that needs to get under control is chip shortages which is going to see relief 2H. This will increase new car supply in which will drop used car prices. Used car sales compared to this time last is caused most of the inflated CPI numbers.

Seems that the market is seeing this and start pricing it in by rotating back into tech out of higher interest rate plays like banks.

I have WY, I am about to sell it an take profit as lumbar continues to fall. I figured it would be ok until September, but it seems that is not happening, I need to get out now. lol. WY was really good for about 4-6 months. Time to take profit.

I love it that chips have a shortage, I have 11 Semicon companies that are sure to do well over the next 6-12 months as profits go up. Some of it will be under control but some of it not. Many countries are still struggling. Today was a good day, finally, first in awhile. If tech comes back I will probably need 6-12 months to recover all unrealized gain.

Fivver is starting to climb back also. I dumped Walmart last night an am considering to buy TORO or more Amazon.. Not sure... I bought a few shares of Bank of America also.

[Scallywag]

Lets not spread any fake news here.

In the past 5 years.

S&P 500's return is 99%
ARKK's return is 472%

So that article requires a big ass asterisk.

That's during the bull run, Singuy. Can she replicate this when it's a bear market or even during a steep correction?

I made money on ALL of the ARK funds and it's one mutual fund but I liquidated everything because I feel she cannot replicate this success consistently (no active fund manager has) PLUS she made some bizarre assertions about Bitcoin's potential future valuation that concerned me. I may be very stupid but I don't understand crypto currency at all, so her claim that it was headed to $500,000 made me sell and quit when the getting out was still good.

Maybe but the truth is that i like what she's buying but I don't want to buy TDOC and BTC and other stuff I don't have enough to buy and properly diversify so why not? I think it's a good play to buy something with a lot less risk.

What am I missing here? You can't walk into a store and pay for your purchases with a Bitcoin. You can't go to a house closing and pay the sellers off with Bitcoin.

So why is Bitcoin all the rage and what *can* you do with it?

[Singuy]

That's during the bull run, Singuy. Can she replicate this when it's a bear market or even during a steep correction?

I made money on ALL of the ARK funds and it's one mutual fund but I liquidated everything because I feel she cannot replicate this success consistently (no active fund manager has) PLUS she made some bizarre assertions about Bitcoin's potential future valuation that concerned me. I may be very stupid but I don't understand crypto currency at all, so her claim that it was headed to $500,000 made me sell and quit when the getting out was still good.



What am I missing here? You can't walk into a store and pay for your purchases with a Bitcoin. You can't go to a house closing and pay the sellers off with Bitcoin.

So why is Bitcoin all the rage and what *can* you do with it?

Bull market according to which portfolio manager? Dividend yielding value portfolio wouldn't certainly call the last year a bull market as big names are still trying to recover their losses.

ARKK picked the right names and got a return that killed the S&P. And the S&P is only up due to tech throughout last year. So she literally performed during a bear market.

[disneysteve]

What am I missing here? You can't walk into a store and pay for your purchases with a Bitcoin. You can't go to a house closing and pay the sellers off with Bitcoin.

So why is Bitcoin all the rage and what *can* you do with it?

I don't understand crypto either. I don't know how you can just create currency out of thin air with nothing backing in.

But being able to use crypto is changing. There are now credit cards linked to crypto. Tesla had announced they were going to accept crypto for car purchases, though I think they later changed their minds. I have no doubt, despite my lack of understanding, that crypto is here to stay and is steadily becoming more mainstream. Numerous financial firms have added crypto divisions so it's definitely getting more respectability.

[Singuy]

I don't understand crypto either. I don't know how you can just create currency out of thin air with nothing backing in.

But being able to use crypto is changing. There are now credit cards linked to crypto. Tesla had announced they were going to accept crypto for car purchases, though I think they later changed their minds. I have no doubt, despite my lack of understanding, that crypto is here to stay and is steadily becoming more mainstream. Numerous financial firms have added crypto divisions so it's definitely getting more respectability.

I still think crypto is speculation cancer and I would call it the original meme investment before GME and AMC.

[james.hendrickson]

I don't understand crypto either. I don't know how you can just create currency out of thin air with nothing backing in.

But being able to use crypto is changing. There are now credit cards linked to crypto. Tesla had announced they were going to accept crypto for car purchases, though I think they later changed their minds. I have no doubt, despite my lack of understanding, that crypto is here to stay and is steadily becoming more mainstream. Numerous financial firms have added crypto divisions so it's definitely getting more respectability.

Yes, DisneySteve's assessment is probably correct. Blockchain technology is a better way to manage transactions. Its a bit difficult to understand and from what I've read, the computing protocols involved eliminate the need for third parties to settle financial transactions. This means you essentially don't need a bank to move money. Transaction records are stored on a blockchain.

The question now is: which companies will best take advantage of this technology. Its a bit like the internet in 2001 - new innovation sparks a lot of economic growth, but it may take some time for the winners to emerge.

There are some interesting things happening in the crypto lending space - the interest rates are, on balance, much, much higher for lenders, so I suspect this will attract a good deal of capital in the future.

Another thought in the crypto space is that it is largely unregulated. At this point the computing technology isn't well understood by the regulatory community - so any legislation is likely to take a least a year. Most of the regulatory community is still forming committees to study the technology.