Thoughts on Kathie Woods Private Equity Investment Fund

LMCane

Joined: Oct 26, 2021

Posts: 17,360

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

10:10a, 5/29/24

https://ark-ventures.com/

ability to invest in Elon Musk's private AI company.

with 2.75% management fee

performance with most of ARK funds has been very poor.

minimum $500 investment

Diggity

Joined: Dec 4, 2002

Posts: 34,628

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

11:01a, 5/29/24

AG

go for it

4

EliteZags

Joined: Sep 25, 2004

Posts: 16,328

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

11:45a, 5/29/24

AG

she's made many questionable moves but could've nullified all of them by not selling out of their massive NVDA position in 2023 <$200

11

LMCane

Joined: Oct 26, 2021

Posts: 17,360

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to EliteZags • 3:07p, 5/29/24

EliteZags said:
she's made many questionable moves but could've nullified all of them by not selling out of their massive NVDA position in 2023 <$200

this is why I am very hesitant

most of her funds have sucked the last several years and she was a huge champion of TESLA while not pumping NVIDIA

1

jamey

Joined: Jul 28, 2006

Posts: 38,559

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

6:22p, 5/29/24

AG

I use her ARKG fund just because I don't have time to go digging thru all the companies in the genetics field but I think it will be very big long term, particularly when AI and quantum computers can be a bigger help

ToddyHill

Joined: Nov 26, 1999

Posts: 5,823

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

6:32p, 5/29/24

AG

Her fund is down 17% YTD. It's down 28.64% over 3 years.

MemphisAg1

Joined: Jan 8, 2012

Posts: 9,802

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

8:34p, 5/29/24

AG

Reminds me of all the Janus funds that were popular during the dot com era.

Haven't heard anything about them in a while. Google says:

Quote:
At its peak, in September 2000, Janus had $318 billion in assets. But when the bubble burst, the Janus family of growth funds was absolutely crushed. From September 2000 to September 2002, the flagship Janus Fund lost almost 60 percent of its value, as did Janus Worldwide, another big-name fund.

Be careful of shiny objects.

OldArmyCT

Joined: Apr 1, 2007

Posts: 995

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to MemphisAg1 • 4:29a, 5/30/24

AG

MemphisAg1 said:
Reminds me of all the Janus funds that were popular during the dot com era.

Haven't heard anything about them in a while. Google says:

Quote:
At its peak, in September 2000, Janus had $318 billion in assets. But when the bubble burst, the Janus family of growth funds was absolutely crushed. From September 2000 to September 2002, the flagship Janus Fund lost almost 60 percent of its value, as did Janus Worldwide, another big-name fund.

Be careful of shiny objects.

Janus was in trouble once Tom Marsico left to form his own fund company.

Charlie Murphy

Joined: Jun 10, 2004

Posts: 6,757

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

3:13p, 5/30/24

I don't understand the obsession with Kathy Woods. She had a lot of luck riding the hype cycle of Tech Comp airs early on but has lacked returns as of late. Reminiscent of Michael Burry still being constantly in the news.

Welcome to the China Club

"Here's the pitch...POPPED it up! Oh man, that wouldn't be a home run in a phone booth."
-Harry Carey

1

halfastros81

Joined: Jan 24, 2002

Posts: 28,849

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

7:43p, 5/30/24

AG

2.75 % seems outrageous.

7

infinity ag

Joined: Dec 7, 2018

Posts: 10,568

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

8:22p, 5/30/24

I feel all these fund managers are useless. A fund manager who is a superstar one year is a doofus the next. Very very few make you money consistently. If they could, then everyone would flock to them. These guys get lucky and everyone thinks that they are God.

So I stay away from these clowns and make my own investment decisions. I used to work at a financial data company and saw performance of all these guys up close. Lost whatever glamor I had in my eyes for the industry.

5

1 edit

infinity ag

Joined: Dec 7, 2018

Posts: 10,568

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to ToddyHill • 8:24p, 5/30/24

ToddyHill said:
Her fund is down 17% YTD. It's down 28.64% over 3 years.

Why do people still invest in her funds? You can make much much more just going S&P index fund. Zero or negligible fees.
Maybe it is the status symbol value. Some folks may want to tell their golf buddies that they are invested with so and so manager. Saying "I do index funds" may look down-market and ghetto.

2

kyledr04

Joined: Sep 25, 2004

Posts: 7,136

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to jamey • 9:22p, 5/30/24

AG

jamey said:
I use her ARKG fund just because I don't have time to go digging thru all the companies in the genetics field but I think it will be very big long term, particularly when AI and quantum computers can be a bigger help

I feel/felt the same way but it's been horrible for a while. Definitely a long term hold after big losses.

jamey

Joined: Jul 28, 2006

Posts: 38,559

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to kyledr04 • 9:35p, 5/30/24

AG

kyledr04 said:
jamey said:
I use her ARKG fund just because I don't have time to go digging thru all the companies in the genetics field but I think it will be very big long term, particularly when AI and quantum computers can be a bigger help

I feel/felt the same way but it's been horrible for a while. Definitely a long term hold after big losses.

I'm in a small enough amount that I don't mind holding long term. I have a lot more XBI and will sell that when it hits $100 - $120, whether that's in 4 months or 2 years.

XBI seems to go in big cycles. Sometimes it's interest rates or maybe an election where they're promising to Crack down on greedy pharm companies

1 edit

JSKolache

Joined: Jul 19, 2013

Posts: 8,248

User Profile Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to infinity ag • 10:14p, 5/30/24

AG

infinity ag said:
I feel all these fund managers are useless. A fund manager who is a superstar one year is a doofus the next. Very very few make you money consistently. If they could, then everyone would flock to them. These guys get lucky and everyone thinks that they are God.

So I stay away from these clowns and make my own investment decisions. I used to work at a financial data company and saw performance of all these guys up close. Lost whatever glamor I had in my eyes for the industry.

Buy Berkshire. Uncle Warren is undefeated.