Stannis wrote:br7knicks wrote:3 of my main 5 growth ETFs are ARKX, ARKQ, and ARKF (VUG, VBK). i didn't realize he shorted those. he's usually spot on with his shorts. i know woods thinks that we're not in a bubble, and we're still only headed up - i believe more along with what you believe, right? i know woods is really smart, and i trust her more than most people.
i started to watch the video, but she does way too much lip smacking for me, which gets me irrationally irritated lol.
It's a tough one. Burry is really old school and chases value. And he's always been super bearish. Technically, yes, he might be right. But imo, saying there will be a crash is still wrong if you've been saying it for years. Peter Schiff is the same way. He might be right, and I'm sure he will throw it in our face if a crash does happen. But he's been saying it for close to a decade now.
Unless we are rich, we really can't afford to sit on a pile of cash and wait for a golden opportunity. Inflation will just kick our ass. Consistency with stability is probably our safest bet.
I might jump in on ARKK as a long term hold in my HSA. I currently just hold $VNQ in my HSA and auto invest the dividends. Or I might just do QQQ instead of ARKK. I like Cathie. But not sure I know much about her ETFs to be comfortable with long holds
that's definitely true about peter schiff. i get some of his points, but you're right in that he's just going to continue saying there will be a crash until he's right - a broken clock is right twice a day.
i thought about QQQ but feel i'm too far behind in it. that's why i want to get into the ARKs while it's about half the price of QQQ.
i don't necessarily think there will be a crash like we saw last year. but i do think a major dip might happen within the next year, especially if delta throws us into another spiral downwards.