We tried warning everyone and everyone hated us for it 🤷♀️
Cathie walked away a billionaire from this.
“Losing money during a roaring bull market is quite a feat. But these 10 fund managers have made it look almost easy.
A team of analysts at Morningstar last week published a ranking of the fund-management shops that have incinerated the most investor capital over the past decade.
Their analysis focused not only on the worst-performing managers of mutual funds or exchange-traded products, but also the 15 mutual funds, or exchange-traded products, believed to be the worst offenders — although a few categories were excluded from their analysis. Their income payouts complicated Morningstar’s analysis, the team said.
The worst-performing manager? Cathie Wood’s ARK Invest. The shop, best known for betting on companies like Tesla Inc. , Roku Inc. and Block Inc. , has destroyed $13.4 billion over the past decade, according to Morningstar’s calculations.
Fund family Value destroyed over the past decade ARK ($13.36 billion) Kraneshares ($6.66 billion) Barclays ($4.34 billion) AdvisorShares ($2.71 billion) GlobalX ($1.78 billion) ETF Managers ($1.21 billion) Amplify ($998.36 million) Brookfield ($730.57 million) LJM Funds ($606.60 million) Eagle MLP ($361.92 million) Source: Morningstar Direct
That shouldn’t come as a surprise to regular readers of the financial press. Wood earned widespread notoriety during the COVID-19-era stock-market boom as many of her firm’s biggest holdings soared.
Her flagship, the ARK Innovation ETF, rallied nearly 150% in 2020. But by the end of 2021, Wood’s hot streak had fizzled. The innovation fund ended that year down 24%, before tallying a brutal 67% drop during the 2022 bear market.”
From basic to beyond reach: $19K in the '60s to $750K in 2022. See how the housing market has turned a fundamental need into a luxury, altering the dream of homeownership. The ladder of economic mobility has shattered, leaving many families behind.
Jake Tran
Jake Tran
The stat is actually 80%. New video out. Let the hate comments begin.
1 week ago | [YT] | 518
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Jake Tran
We tried warning everyone and everyone hated us for it 🤷♀️
Cathie walked away a billionaire from this.
“Losing money during a roaring bull market is quite a feat. But these 10 fund managers have made it look almost easy.
A team of analysts at Morningstar last week published a ranking of the fund-management shops that have incinerated the most investor capital over the past decade.
Their analysis focused not only on the worst-performing managers of mutual funds or exchange-traded products, but also the 15 mutual funds, or exchange-traded products, believed to be the worst offenders — although a few categories were excluded from their analysis. Their income payouts complicated Morningstar’s analysis, the team said.
The worst-performing manager? Cathie Wood’s ARK Invest. The shop, best known for betting on companies like Tesla Inc. , Roku Inc. and Block Inc. , has destroyed $13.4 billion over the past decade, according to Morningstar’s calculations.
Fund family Value destroyed over the past decade
ARK ($13.36 billion)
Kraneshares ($6.66 billion)
Barclays ($4.34 billion)
AdvisorShares ($2.71 billion)
GlobalX ($1.78 billion)
ETF Managers ($1.21 billion)
Amplify ($998.36 million)
Brookfield ($730.57 million)
LJM Funds ($606.60 million)
Eagle MLP ($361.92 million)
Source: Morningstar Direct
That shouldn’t come as a surprise to regular readers of the financial press. Wood earned widespread notoriety during the COVID-19-era stock-market boom as many of her firm’s biggest holdings soared.
Her flagship, the ARK Innovation ETF, rallied nearly 150% in 2020. But by the end of 2021, Wood’s hot streak had fizzled. The innovation fund ended that year down 24%, before tallying a brutal 67% drop during the 2022 bear market.”
From the account thelattehq
2 weeks ago (edited) | [YT] | 381
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Jake Tran
One of my favorite podcasts recently is @JulianDorey. I got to be on the latest episode! Click the link in the pinned comment to watch now!
1 month ago | [YT] | 284
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Jake Tran
I'll leave this here for everyone to draw their own conclusions...
3 months ago | [YT] | 4,415
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Jake Tran
Office work, under constant exposure to blue light and suffering under an unbearable boss, is one of the greatest affronts to humanity today.
3 months ago | [YT] | 1,217
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Jake Tran
Everytime.
3 months ago | [YT] | 3,161
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Jake Tran
From basic to beyond reach: $19K in the '60s to $750K in 2022. See how the housing market has turned a fundamental need into a luxury, altering the dream of homeownership. The ladder of economic mobility has shattered, leaving many families behind.
4 months ago | [YT] | 1,281
View 119 replies
Jake Tran
Between the comfort of Mediocristan and the challenges of Extremistan lies a fundamental choice.
The wise understand that creating luck is the result of bold decisions.
The system keeps many trapped in Mediocristan, offering false security at the cost of true potential.
Explore, innovate, take risks: in your hands lies the power to transform the ordinary into the extraordinary.
4 months ago | [YT] | 544
View 35 replies
Jake Tran
Just another day in paradise... right?
4 months ago | [YT] | 1,751
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Jake Tran
Ah yes, bc they've been doing such a fine job! 😂
4 months ago | [YT] | 1,236
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