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GodOfThunder101 t1_ix5k3wt wrote

Reply to comment by Aevbobob in How to ride the financial wave of the AI revolution? by kmtrp

I would stay away from ark invest, they haven't a clue about what they are doing. They lost over 60% of investors' money this year alone.

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Equivalent-Ice-7274 t1_ix65gwz wrote

The entire tech sector is down massively due to higher interest rates. Once inflation cools down, the tech sector will roar higher. Now is a great opportunity to buy in.

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Aevbobob t1_ix5n7wa wrote

Separate their investment decisions from their research. Their research is excellent. At least on Tesla

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-ZeroRelevance- t1_ix6ap7s wrote

I’m pretty sure that happened because they primarily invest in growth stocks, and growth stocks are disproportionately affected by market downturns like now. It seems like the economy is recovering again though, so I imagine those growth stocks will likely regain a lot of value in the near future.

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TheTomatoBoy9 t1_ix6kpb7 wrote

They made some pretty insane "buy low, sell lower" moves in the last year and a half. More than just the general downturn.

Some of their decisions have been... questionable to say the least

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