5 Reasons I Regret Buying Cathie Wood's ARK Innovation ETF
I bought a new position in Cathie Wood's flagship exchange-traded fund, the ARK Innovation ETF (NYSEMKT: ARKK), back in February. At the time, I thought it was a good way to gain some diversified exposure to higher-growth stocks that I didn't want to start full positions in.
Unfortunately, I bought the ETF near its all-time highs, and it's now trading about 30% below my purchase price. I'm not losing any sleep over ARK's losses, since the ETF only accounts for 1.6% of my portfolio, but I'm also reluctant to add more shares, for five simple reasons.
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Source Fool.com
