“Cathie Wood Has Bet Big On These 10 Stocks; Here’s How They’re Performing”
November 30, 2022
“Cathie Wood, CEO and founder of Ark Invest, says she invests on a five-year time horizon, betting big on speculative growth names such as Tesla (TSLA), Roku (ROKU), Zoom Video Communications (ZM) and Shopify (SHOP). But in 2022 at least, Ark’s 10 biggest holdings are down sharply.
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Zoom Video Communications is the biggest holding across Ark Invest’s various ETFs as of Nov. 28, followed by Exact Sciences, Tesla, Roku and Square-parent Block (SQ). UiPath (PATH), Teladoc Health (TDOC), Shopify, Intellia Therapeutics (NTLA) and Crispr Therapeutics (CRSP) round out Cathie Wood’s 10 largest stock positions…”
https://finance.yahoo.com/m/c7f04ce8-8e07-3f10-9607-454569a14abb/cathie-wood-has-bet-big-on.html
Long term I think this list is good. There’s one major problem. If there is a crash in the market how long will it take to recoup those loses? After major crashes historically took up to 25 years to recover. While I think these are good stock picks long term I think the timing might be off.
For example there’s no way on Earth I’d invest in Roku, an entertainment stock, when I know for a fact economic troubles are around the corner. It’s entertainment. If (when?) the market crashes it’s one of the sectors that’ll be hit the hardest. It should be obvious that Roku’s a stock people should wait to buy. At least it seems obvious to me.
Considering I just learn something recently I feel I should say this. Even if your stock picks are right if you’re too soon they’re wrong.