Fiverr Is My Newest Pick

[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?

[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.

[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.

[disneysteve]

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

[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.

[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

[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]

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]

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

[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.

[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]

maybe but i'm in it for the long term everything i bought pretty much i wanted to get in last year and hold on. So i guess I'm holding mostly. Couple I might jump out of like CCL and JETS and HA but otherwise I'm holding

After the Pandemic drop in March 2020 I sold almost everything during that time stupidly, and all of those companies I had jumped over the price it was before the pandemic crash. I had FB, MC, MTCH, and a bunch of others that were worth quite a bit, and I sold them near the bottom of the sell-off. I made money, but I lost a lot of gain and opportunity because I sold them. Looking back now, it probably was still not a bad decision as I got cash and I bought pandemic stocks, or post-pandemic industries. I sold some pandemic plays, but kept most of the post-pandemic stocks. AMD, FVVR, Paypal, SHOP, SQ, IDXX, and a slew of others. Although almost everything in my portfolio is down, except for T, I believe growth companies will come roaring back, but when no one quite knows yet. I am nearly in the red overall for the year, down from over 70% gain in February. But I know if I sell these I will kick myself later as I am in this for the long term, 3-10 years if not longer. I bought more of some of the companies I have, but I have many speculative plays like FLGT, NIO, QS, ZIM, OPEN, JMIA, etc. But not much in each one. I am well diversed except I don't have current needs like banking and commodities, but those will decrease soon as the US economy comes back. At least that is my thought right now. I am cringing looking at the red numbers, but.... Gotta wait..

[LivingAlmostLarge]

Just remember, pigs get fat, hogs get slaughtered.

maybe but i'm in it for the long term everything i bought pretty much i wanted to get in last year and hold on. So i guess I'm holding mostly. Couple I might jump out of like CCL and JETS and HA but otherwise I'm holding

[rennigade]

Just remember, pigs get fat, hogs get slaughtered.

[LivingAlmostLarge]

Riding out long position. I bought FVRR at the 45, 110, 150, 195 recently, 205, 218. I believe in the platform. I think contractors and self employed are the wave of the future. I'm taking a serious beating on it right now but i'm going long as well. I'm still holding CCL and JETS and HA. I want to sell JETS soon after this dip. I want to also get out of WM and TUP as well. I am done with those plays. I think HA and CCL there is upside a bit more. I have a bunch I bought that are hitting LTCG now and i'm debating selling my 50% gains on the Tech etfs I hold in taxable or selling everything off.