In the know with Cathie Wood

[BullDog]

Hi, I know I am joining this thread late but I like ARK and Cathy Wood for their generosity with their knowledge and constant self-assessment and challenge.

I've been wanting to take stakes in ARKK (the flagship general vehicle), for a long time. But it is impossible to buy this US collective investment on UK retail platforms. ARK have told me repeatedly for the last three years that they are assessing the MIFID/KIDD regulations but nothing ever happens. It seems that they need to do the KIDD before anyone will touch them. IMHO, ARKK has a balanced role in growth pfs.

The nearest accessible fund I found to ARKK was Schiehallion under Bailie Gifford - that hasn't turned out to be much fun but the sharp bear market (especially in future/innovation stocks) will hopefully restore in time.

Has anyone been able to buy ARKK on a UK funds platform, please?

Is this it on Interactive Investor? The page has a "trade" button.

https://www.ii.co.uk/etfs/ls-ark-innova ... c/LSE:1ARK

From the KID - "The objective of the LS ARK Innovation Tracker ETP is to track the ARKK Innovation Tracker Investment Strategy, (the 'Investment Strategy') which is designed to provide 1:1 exposure to the performance of ARK Innovation ETF (the “Reference Asset”), minus a fee."

Or if that's not quite sexy enough there seems to be a 3x leveraged version.

https://www.ii.co.uk/etfs/leverage-shar ... p/LSE:3ARK

From the KID - "The objective of the ETP Securities is to provide 3 times the value of the daily performance of the ARK Innovation ETF , net of fees and expenses. The ETP securities seek to pursue the 3x Long ARKK Innovation Investment Strategy (the "Investment Strategy") which provides exposure to 3 times the daily performance of the ARK Innovation ETF (the “Reference Asset”)."

[odysseus2000]

Another interesting presentation by Cathy Wood:

https://youtu.be/Dr_QkSacr-U

Regards,

[JohnW]

In essence, what's she saying that might be helpful for us?

[odysseus2000]

In essence, what's she saying that might be helpful for us?

You have to put the work in, listen to the whole thing & make your own decisions.

Regards,

[odysseus2000]

Another super interesting video:

https://youtu.be/oe1BnQw2JnQ

Most market commentators are harking back to the 70’s but Cathie is looking at the data & if she is correct inflation will soon collapse.

Regards,

[odysseus2000]

Cathie wood’s latest in the know video:

https://youtu.be/8atBTSEdfF4

Cathie continues to believe that the fed are not looking at the data properly & must alter course before too long.

She cites how the recent reversal in uk boe policy was a direct action to save banks. In her view pension funds had used a derivatives at low interest rates backed by gilts which when gilts started to fall in price led to a great barrage of margin calls that the pension funds could not satisfy. This was making many pension funds head towards bankruptcy & as the banks were counter parties a slide towards banks collapse. It will be interesting to see what happens after oct 14th when current boe support goes away.

Regards,

[anon155742]

The headline Cathie Wood fund is back to its November 2017 value.

If you adjust for inflation and take off fees then there must be a lot of angry people. Keeping it as cash under the mattress would have been a better return

https://finance.yahoo.com/quote/ARKK/chart?p=ARKK

[odysseus2000]

The headline Cathie Wood fund is back to its November 2017 value.

If you adjust for inflation and take off fees then there must be a lot of angry people. Keeping it as cash under the mattress would have been a better return

https://finance.yahoo.com/quote/ARKK/chart?p=ARKK

In many ways Cathie is a challenged trader, but she does not present herself as some one who is trying to trade, but as an investor looking to profit from secular growth.

I find her take on the economy interesting, but I am some what more focused on maintaining account size.

Her funds may never recover or they may recover & then a lot more & for the latter possibility I like to keep tabs on what she is doing & what she is saying.

If the Fed does as it says and does not pivot the markets are likely still too high, but if Cathie’s analysis is right & the Fed does a Boe like pivot the markets likely fly high very quickly.

I have no idea if the Fed will pivot, but I can’t exclude the possibility given how they moved in 2008.

Regards,

[NotSure]

...Cathie continues to believe that the fed are not looking at the data properly & must alter course before too long....

Alas, the FED believes that Cathie is not looking at the data properly, but talking her book, which depends on a very low discount rate?

Hard to see how she can alter course in any meaningful way. Her clients expect a quick, large bounce back, and only a dramatic FED 'pivot' seems capable of delivering that. But that would deliver much more besides..........

[BullDog]

...Cathie continues to believe that the fed are not looking at the data properly & must alter course before too long....

Alas, the FED believes that Cathie is not looking at the data properly, but talking her book, which depends on a very low discount rate?

Hard to see how she can alter course in any meaningful way. Her clients expect a quick, large bounce back, and only a dramatic FED 'pivot' seems capable of delivering that. But that would deliver much more besides..........

Like all investment strategies. They work until they don't. It always happens.

[odysseus2000]

...Cathie continues to believe that the fed are not looking at the data properly & must alter course before too long....

Alas, the FED believes that Cathie is not looking at the data properly, but talking her book, which depends on a very low discount rate?

Hard to see how she can alter course in any meaningful way. Her clients expect a quick, large bounce back, and only a dramatic FED 'pivot' seems capable of delivering that. But that would deliver much more besides..........

The Fed were sure that when Cramer did his rant as we approached the 2008 troubles that he was a buffoon, but then bad things happened & the Fed changed course entirely.

Are the Fed right now or are they wrong?

It is very easy for the Fed to keep preaching that they are right, but events can change everything as recently the Boe found out.

I have no idea what will happen & anyone who says that they know the future either has a time machine or is deluded.

All I can do is look at a range of facts, consider various interpretations & consider if data points are consistent with central bank policies set within the frame work of how the world currently is. There are a bunch of commentators describing current events within the frame work of the 1970’s & yet the current economy is very different to 50 years ago.

Regards,

[odysseus2000]

Cathie writes to the Fed:

https://ark-invest.com/articles/market- ... o-the-fed/

Regards,

[NotSure]

Cathie writes to the Fed:

https://ark-invest.com/articles/market- ... o-the-fed/

Regards,

She's understandably getting quite desperate!

Alas for CW, it seems the world has moved on from massively inflated valuations for high (potential) growth companies in a ZIRP environment.

If you know that she is right, and the 'the world' is wrong, pile into ARKK!

[odysseus2000]

Another interesting in the know with Cathie Wood:

https://youtu.be/zUrKKId3h8s

The more I think about how all leading us techs are freezing hiring, sometimes cutting payroll, the more it looks like the Powell Fed is over doing interest rates & this could lead to very significant drops in the US economy & lead to calls for Powell to be leaned upon.

Regards,

[BullDog]

An interesting read for the Cathie Wood fans out there -

https://finance.yahoo.com/news/cathie-w ... pgazMHceSG

[NotSure]

An interesting read for the Cathie Wood fans out there -

https://finance.yahoo.com/news/cathie-w ... pgazMHceSG

"In the [expletive deleted] with Cathie Wood"?

[odysseus2000]

An interesting read for the Cathie Wood fans out there -

https://finance.yahoo.com/news/cathie-w ... pgazMHceSG

Coin seems to have issues with withdrawal times & user satisfaction.

In the mean time the Fed’s policy to cripple the economy & drive down inflation is working & is now taking out bitcoin.

I don’t know what Cathie sees here, but I have no interest in the crypto space till it improves & I would not be too surprised if the Fed hurts it yet more, but whether they can kill it I am not sure & maybe this is what Cathie thinks.

Regards,

[odysseus2000]

Interesting that Cathie seems to have timed the reduced cpi number well. The rally might only be a short term thing, but she now has an opportunity to take some short term profits.

Regards,

[dealtn]

Interesting that Cathie seems to have timed the reduced cpi number well. The rally might only be a short term thing, but she now has an opportunity to take some short term profits.

Regards,

Is benefiting from a marginally reduced large loss accurately described as taking a short term profit?

[BullDog]

Interesting that Cathie seems to have timed the reduced cpi number well. The rally might only be a short term thing, but she now has an opportunity to take some short term profits.

Regards,

Is benefiting from a marginally reduced large loss accurately described as taking a short term profit?

It's all in the timing. Not everybody is sitting on a crypto loss?