As you may know, I am closely following the developments at Tesla, but I’m too afraid to invest in a single stock, even if I really like what they are doing. While watching countless videos on Tesla, I saw many times interviews with Catherine Wood from ARK Invest. Her company is the issuer of ARK Innovation ETF (ticker ARKK).
The ETF has a TER of 0.75% and total invested assets of $5 billion. TSLA is their largest holding, but still it’s only 10%. Other companies on the list also look interesting. Like Square, a one stop shop for businesses and private persons, which implements blockchain and can be a threat to banks, because it can make you a loan offer within minutes.
So what do you think? Did any of you invest with this fund? I know it breaks the cardinal rule of sticking to the market if you don’t know what you’re doing. But I sometimes have a feeling that the market can be late to spot the next technological disruption.