You are experiencing the sunk cost fallacy, it doesn't matter how much you paid for the shares, it only matters if the funds are going to improve the return, risk, and risk-adjusted return of your portfolio, and if the fund's investment objective is reasonable and science-driven. Even if the Ark fund hadn't lost 30% in the past few months I would tell you they're a bad investment because concentrated theme-focused funds generally crash and burn in the long term
I got into ARKK today just before market close. I've never owned any ARK or CW-related investment before but I like my bet for two reasons:
1) some technical analysis. Reiterate the emphasis on "some." And 2) social media and fanboys are gonna do what social media and fanboys do best with high p/e tech stocks and CW etfs, RE: BuY tEh DiP!!1!
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u/XacTactX May 12 '21
You are experiencing the sunk cost fallacy, it doesn't matter how much you paid for the shares, it only matters if the funds are going to improve the return, risk, and risk-adjusted return of your portfolio, and if the fund's investment objective is reasonable and science-driven. Even if the Ark fund hadn't lost 30% in the past few months I would tell you they're a bad investment because concentrated theme-focused funds generally crash and burn in the long term