I think the iPhone was the first widely adopted and successful smart phones that revolutionized society.Had to google it myself, but:
Smartphone history - The first smartphone | SimpleTexting
Follow along as we explore how smartphone technology has evolved over the last 20 years, and how it has impacted the way we do business.simpletexting.com
IBM in 1992 beat Apple by 15 years.
Got MSFT at $228 last March. Not selling for a long, long, long time.
MSFT is one that I regret not buying. It was a lay-up. Unless there is some disruptive platform that comes along to service everyday corporate America, I don’t see how MSTeams won’t own that space.
I bought all of the big techs except for AAPL. At the time, it didn't drop too much and was still above FMV (based on Morningstar). Could have got it for below $120. Oh well! It was the first time I ever bought stocks. Got AMZN for under $3k, GOOGL for under $2k, FB for $260'ish, and TSLA for $570.
Well I think they are innovative (or have been at least..feel like you see features from other manufacturers lately and then Apple comes around) in terms of products. But in terms of the company as a whole and transformational strategy etc not sure they’ve ever really been all that bold on that front.
I said the same way back when the whole PCs are dying and secular decline thing was really hitting them. I didn’t buy that premise. I’m like they’re in the guts of so many enterprises and no one is removing them even if they don’t like the software etc..it takes too much effort and is too costly. Lo and behold look at how deep they go into enterprise and even more than before.
Not that I'm looking fwd to it, but I am 15% cash currently.Monday could be fun…
NHL's Bruins and Predators shut down through the holiday due to Covid outbreaks
The National Hockey League said it was in the process of reviewing and revising its regular season schedule.www.cnbc.com
I think she gave her fund owners the middle finger this year.CW giving the haters the middle finger. Good stuff!
Innovation Stocks Are Not in A Bubble: They Are in Deep Value Territory
ARK takes advantage of volatility during corrections and concentrate our portfolios toward our highest conviction innovation stocks.ark-invest.com
Question is are you always 20% in Cash at all times though...at some point it all has to be invested until you find new cash or sell other positions outright
I typically always keep 10%-20% cash in FZCXX (fidelity gov’t mmkt) mainly as an emergency fund but also to capitalize on opportunities. If I drop below that range I’ll usually replenish it with profit taking or new cash that comes in. Curious to hear other approaches.
The “rule” is 6-12 months of annual expenses. But it really depends on where you are in life. I’m in FOLM mode and keep 20% in cash and 10% in relatively short duration fixed income.
#bear
You mean your investments are 100% invested and your cash is 100% in cash? 😀
I was 3-4% cash recently. Sold a bunch of losers. Many of which were high beta. Could have sold for a profit just a couple weeks back.
I have wondered, given where these stocks were, with the lofty valuations, why not rotate(at that point) towards more value, let those valuations come in, and then jump back in. But that's not what she is. She's an investor of fwd looking disruptive companies. She doesn't change who she is based on the valuations. For good or bad.CW giving the haters the middle finger. Good stuff!
Innovation Stocks Are Not in A Bubble: They Are in Deep Value Territory
ARK takes advantage of volatility during corrections and concentrate our portfolios toward our highest conviction innovation stocks.ark-invest.com
Agreed. The 5-year window is key to assess performance. I continue to eye ARKG as a small spec play to go along with my PRHSX. A lot of these companies will hit in the genomic space and will revolutionize medicine. Which ones? No idea, so an ETF is the way to go. I may go for it if it drops below $60 again.
CNBC did analysis on some of C-Dubs positions last week and compared them to certain companies in and around the dot.com bubble. Not every company launched in the early 2000s became pets.com. BUT, many of those companies took 15+ years to work back into their valuations. There are certain companies in ARKK that may never recover.
Some ARK companies will definitely go under/bankrupt because they don't have products yet. There is that risk. However, most of the large holding companies are generating billions in revenue, but not profitable yet. These companies will likely be fine.
As has been noted, sometimes negatively, ARK has ridden largely on the back of companies like TSLA and Shopify (amongst others) and their incredible performance, I imagine there have been plenty of duds in the ARK funds ove the years. ARK doesn't need them all to hit. Just some big winners. And there are always big winners, the question is can she find them.
Take a look at TDOC. It was below $90 before Friday's pop. It may be a good trade if omicron screws things up for a few weeks. TDOC was one of my March purchases, but I dumped it a month or two later due to a poor earnings report. I go back and forth with it. I like that they are partnering with payers and health systems to offer the service instead of going it alone.
Totally agree - but the problem is that ARKK is so far off it’s recent ATH and many of her core positions that carried the fund are losing steam. If she doesn’t find the next Tesla and/or some of her spec plays don’t pan out, it’s going to be a painful next few years.
Problem with TDOC is there is NO moat and everyone and their brother could start a telemedicine business with little investment.
Doesn't matter if it's just a trade (which I think 05 is looking for). ZOOM would be fine for a trade as well.
Well is being so far off it's recent highs a bad thing? The ATH's were the bad time to get in. Is now a good time to get back in? That's the question.
Yeah it’s why I asked…
Seems like you are well positioned to buy the dip! We may have an artificial mini-COVID correction that will quickly snap back like it did in 2020. Hard to predict the absolute bottom, but there should be plenty of attractive opportunities.
Hard to say where ARKK lands because, now that the dust has settled (may be), it’s clear that her fund was carried by certain stocks like Tesla and Shopify - and she, like all of us, benefited from a huge run-up fueled by the Fed with a dose of COVID triggered innovation (at least IMO). As her fund currently stands, I don’t like her positions over the next 12-24 months. I hear what you are saying on ZOOM but it’s a one trick pony and there is a much better horse in the barn = MSFT. ZOOM needs another product. Now, if C-Dub finds a few gene therapy, climate change, etc. gems than I’d be interested for sure.
I know MSFT is the elephant in the room, but is it the better product?
I’m no expert on ZOOM, but I put them in the right place, right time category. there is nothing proprietary about what ZOOM does so right now name recognition is key. My gut tells me that video will become built into EVERY platform going forward so anything from Slack to Sharepoint to Teams will have it as basic feature.
