Cathie Wood has become a prominent name in the investing world as the head of one of Wall Street's more recognizable investment management firms, ARK Invest. Wood is best known for her high-risk, high-reward investing approach focused on "innovative" and "disruptive" companies.

That approach helped make ARK Invest's flagship fund, the Ark Innovation ETF (NYSEMKT: ARKK), one of the hottest on the stock market. From 2016 to its peak in Feb. 2021, the Ark Innovation ETF jumped from $9.1 million in assets under management (AUM) to over $27 billion.

The popularity of Wood and her flagship fund makes it an intriguing option for investors looking to capitalize on the potential success of emerging technologies and industries. However, before jumping on the ARKK bandwagon, there's another option I'd encourage people to invest in first: an S&P 500 ETF.

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Source Fool.com