Midda's 2cents : Cathy Wood

Thursday, February 2, 2023

Fearless Investing with Cathy Wood: A Comedic Guide to Betting on the Future

Ladies and gentlemen, have you ever heard of the one and only Cathy Wood? She's the darling of the investment world and known for her ability to make money grow faster than a beanstalk. With her bold investments in cryptocurrency, self-driving cars, genomic cancer cures, AI, streaming, and gaming, she's not afraid to put her money where her mouth is and make big bets on the future.

Do you remember four years ago when everyone thought Tesla's share price was never gonna reach $4,000? Well, Cathy called it and she was right! But it's not just Tesla, this woman's track record is on fire! She's made major gains on investments in Block, Roku, Coinbase, Teladoc, Zoom, and Bitcoin. And you know what the best part is? Her research is open to the world, so you can check it out for yourself. Can you name another Investment Management company that's as transparent as ARK Invest? I'll wait.

Well, folks, it's a jungle out there in the stock market, and even the fearless Cathy Wood got taken down a peg or two. In 2022, the market took a nosedive and poor Cathy saw her tech investments plummet by 67%. But hey, at least she's in good company since the entire equities market was feeling the pain of the bear market. So, let this be a lesson to us all, even the bravest of investors can fall in the wilds of Wall Street!

Nasdaq: Lost 33.1%, Most of the biggest companies in it failed to escape the carnage for the index, and four of the top eight companies suffered share-price declines of 50% or more for the year. The high-growth nature of so many businesses in the Nasdaq Composite left them particularly susceptible to rising interest rates, exacerbating the index's underperformance compared to others.

S&P 500 : had its worst year since its 37% decline in 2008. The S&P closed the year at 3,840, down 926 points from its 2021 close of 4,766. That's a percentage loss of 19.4%.

Dow: the Dow was down 3,191 points for the year, but in percentage terms, that worked out to a drop of 8.8%. That made 2022 the worst year for the Dow since 2008 as well, although it didn't perform that much worse than modest losses in 2015 and 2018.

Russell 2000: The 484-point decline worked out to 21.6% on a percentage basis, not including dividends on its constituent stocks.

But seriously, She's the tech-savvy, fearless investor that's betting on the future Googles, Amazons, and Apples of the world. Can she really see the future? Well, let me tell you, she's got a pretty good track record. She picked up 30 million bucks worth of Tesla back in January @$105, and her flagship ARKK ETF is up 41% just this year, and the year just started!. I mean, if that's not having a crystal ball hidden away somewhere, I don't know what is!

This woman is not your average stock picker. She's got her convictions and her research, and she's not afraid to make big bets on the future. Now, I know what you're thinking, "Can I really trust her?" Well, she's got an open-door policy with her research data, so you be the judge. But, let's be real, we all want to see our money grow faster than Jack's beanstalk, right? So, don't hate the player, hate the game!

And who knows, maybe if you follow in her footsteps, you'll be the next big thing in the investment world. But remember, investing always comes with a certain level of risk. Just ask Cathy Wood, who experienced a 67% decline in her tech investments during the bear market of 2022. But hey, she's not afraid to take risks and bet on the future, and neither should you!"

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