[Wulfschilde]

There's an ETF (exchange traded fund) called ARKK. ARKK is a collection of companies, mostly environmentalists, who think they are going to save the world. One guy thinks he can power the grid with cat farts, another thinks his crystals absorb carbon from the atmosphere, they only have one thing in common: they're all losers. Their stocks do nothing but tank, yet people keep throwing money at them in a deranged attempt to assuage their white guilt.

Then there's another ETF called SARK. I assume this stands for sadism-ARKK or snark ARKK or something. The reason I assume this is because (1) it's more fun that way and (2) through a complex system of stock options that I won't explain here, when ARKK goes down the SARK goes up and vice versa. It's like yin and yang, except that yang always wins.

These types of instruments have become a lot more common over time and it's actually really great because this is pretty much the monetization of liberal tears. It's also super reliable as stocks go because even if there is a breakthrough in the healing crystals department, the other 99 stocks will still be losers, so you aren't risking very much.

That's wulfy's financial advice for the day. Go out and buy SARK now!

[XogGyux]

This is how people like you prove to the world that you don't have a clue about how the world works and that your opinions are all ill-informed and revolves around a "gotcha" system in which your gameplay is to merely try to insult other people, the liberals.

If you had spent 20secs searching the holdings of the ETF, you would have surely realized that your premise is utter nonsense.

I am going to assume you are referring to the ARKK innovations since the other ETFs are much smaller but this applies to the other ETFs by Cathie Wood as well.

If you search the holdings for the ETF:

Tesla ~9%
Teladoc (a telemedicine virtual healthcare company) ~7%
ROKU ~6.5%
ZOOM ~6%
Exact Sciences Corp ~5% (Molecular diagnostic company which specialises on cancer testing)
Block Inc 5% (Company that trains people into internet stuff)
Unity Software Inc ~5% (Video game company)
Uipath inc ~4% (Makes robots/automation)
Intellia Therapeutics Inc 4% (Biotechnology company)
There are a few others that have less than 4% I won't bother mention them but they follow the same trend. They are not "environmentalist companies" or "liberal companies".
As you can see, apart from tesla and electric "green cars", there is nothing particularly "Liberal" about the rest of the holdings of the ETF. There are no liberals rushing to buy this on the basis that this ETF represent "liberal values" or "liberal companies". It is all a whole bunch of nonsense that you are cooking in your head.

Furthermore, Cathie Wood claims her ETFs to be "Innovation" but except for Tesla, I don't really agree with her premise that these companies are particularly innovatives. This guy has made a presentation on the matter:

You have no idea what you are talking. Anyone that takes financial advice from a guy in the internet is a fool. Anyone that takes financial advice from someone that is giving this advice based on what he perceives is a "liberal ETF" is a certifiable cretin.

[Igor Antunov]

Buy Rubles. Russia is going back to gold backed standard. Just came out 40% of their reserve is in gold bullion produced and held in Russia. And today they just removed all gold bullion trade fees.

The fate of the petrodollar is sealed.

[XogGyux]

LOL sure. Buy rubles, that's top-notch advice. Buy the currency of a country that is not even in the top 10 countries by GDP, a country that just started a war that could drag for years if not decades, a country that has been the target of many many sanctions.

There is a reason why the advice from people on the internet is usually free.... because it is usually crap.

[Skynet]

Buy Rubles. Russia is going back to gold backed standard. Just came out 40% of their reserve is in gold bullion produced and held in Russia. And today they just removed all gold bullion trade fees.

The fate of the petrodollar is sealed.

I doubt this putin has no clue about economy... he has not such creative ideas...


Economics are 65% psychology... a Gold Standard would work...


They can also print 10 000 $ banknotes for criminals like Singapur used to do it...

[Unthinking Majority]

LOL sure. Buy rubles, that's top-notch advice. Buy the currency of a country that is not even in the top 10 countries by GDP, a country that just started a war that could drag for years if not decades, a country that has been the target of many many sanctions.

There is a reason why the advice from people on the internet is usually free.... because it is usually crap.

The people who said buy the British pound post-Brexit vote haven't done so well. It hasn't gone up at all.

[XogGyux]

The people who said buy the British pound post-Brexit vote haven't done so well. It hasn't gone up at all.

Buying currency is not an investment. It is a trade and it is at the whim of speculation, market sentiments and cheer luck.

[Wulfschilde]

SARK passed ARKK in valuation for the first time recently, which is historic because usually these "tears ETFs" crash and burn.

I'm not 100% sure we're headed for a recession anymore though. I went through an airport in LA and it was packed to the gills, they tried to pay people to get off the plane. Now that Putin has cured COVID all of the people who were scared have come out of the woodwork all at once. It's funny to me because I was riding around to the few open places on my motorcycle the whole pandemic and like, I forgot how many people there are.

[SpecialOlympian]

Lmao, I guarantee you no fund manager is driving an ETF based purely on spite. If anything, I would say a primary motivator for starting the fund (in addition to shorting a thematic asset class) is piggybacking off of Cathie's fame and getting his name out there. Tuttle capital has ~$400 million under management compared to ARKK at ~$23 billion, even after their dip. Creating a short fund against ARKK is going to get you a couple interviews.

You can see Matthew Tuttle, who runs the company managing SARK, discuss the purpose of the fund in his own words on CNBC.



It honestly sounds like you're getting advice from WallStreetBets/4chan crossposters.

[BlutoSays]

I've been killing it with ERX (Energy Direxion). Bought at around 11 and now around 63.