Bought 283,996 shares of SOFI
Sold 82,843 shares of SHOP
Bought 145,878 shares of HOOD
Bought 16,902 shares of TWLO
Bought 13,990 shares of TDOC
ARKF tends to do better than the Indexes when people are willing to take on more risk. It has a 36.30% YTD return. There may be two more interest rate hikes by the end of this year, but ARKF should go up more significantly with the expected interest rate drop next year as investors' risk tolerance goes up with the lowering of interest rates.
It is interesting to note that ARKF just initiated a position in SOFI, which is most likely related to the ending of the student loan moratorium with SoFi commanding ~75% of the private student loan market.
Do you think ARKF is going to dramatically outperform the Indexes one year from now? What is your opinion on the choices ARKF made in the week after the Fed interest rate pause?
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