The Best Funds of 2020 are Sinking Ships Today
This time last year, Cathie Wood's ARK funds were the most popular ETFs in the world. But they are among the world's worst performers this year. What's unfortunate, is the fact that most of the investors in her funds, since their 2014 inception date, have not likely beaten inflation. I explain here:
Click below to read the rest of my AssetBuilder article.
The Best Funds of 2020 are Sinking Ships Today
They built shrines for Cathie Wood. At least, that’s what it looked like on investment forums late in 2020. The fund manager had an evangelical following after embracing a strategy that wrecked so many dot-com investors twenty years ago - she filled all five of her ARK innovation funds with companie…