Who buys shitstonks like this? – Rough analysis of Cathy Woods ARRK Innovations ETF via /r/wallstreetbets #stocks #wallstreetbets #investing


Who buys shitstonks like this? – Rough analysis of Cathy Woods ARRK Innovations ETF

I had the fun of looking up what Cathy has put her (and especially her investors’) money into:

https://ark-funds.com/wp-content/uploads/funds-etf-pdf/ARK_INNOVATION_ETF_ARKK_HOLDINGS.pdf

And I seriously asked myself, who buys such shitstocks voluntarily?

  • Tesla -> massively overvalued compared to the EV capability of German carmakers
  • Zoom -> bullshit compared to teams
  • Coinbase -> I’d rather buy cryptos right now
  • Block/Square -> will die when Apple/Google introduce Pay-Phone-to-Phone
  • Crispr -> nice, but you don’t make money with it
  • Roblox -> only for ragekiddies
  • Robinhood -> lol
  • Etc.

This is an absolute meme goulash. Did any of you seriously put dollars into this? And important follow up question if so, are your parents related? Were you guys thrown up as kids and not picked up? How degenerate are you?

Submitted February 20, 2022 at 05:56PM by Baumgurke
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