Your Survival Guy

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With help like this, you might need a bigger boat. Vicky Ge Huang reports on Cathie Wood of ARK Investment Management in The Wall Street Journal:

Life Comes at You Fast. Slow It Down with My Friday Email. It’s Free.

Cathie Wood still expects the price of bitcoin to hit $1 million someday.

The founder of ARK Investment Management built the firm into an investor darling during the Covid-19 pandemic with successful bets on largely unprofitable, “disruptive” technology companies.

Wood, who developed a cult-like following as a fund manager, continues to be a big proponent of crypto and blockchain technology. Crypto exchange Coinbase Global is among ARK’s top holdings.

Yet she was caught flat-footed once interest rates began rising. Shares of her flagship fund have lost two-thirds of their value since November 2021, while bitcoin and Coinbase have fallen about 50% and 75%, respectively, over the same period.

Action Line: When you want to talk about investing for dividends and income in individual securities, I’m here.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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