Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Cathie Wood Is Buying These Top Growth Stocks -- And Both Could Make You Rich Over Time


There was a time when investing guru Cathie Wood could seemingly do no wrong. Her Ark Investment exchange-traded funds enjoyed white-hot returns that seemed to double investor's money, then double it again.

In 2021, though, her investing prowess seemed to cool off considerably. This year, her premier Ark Innovation ETF and Ark Next Generation Internet ETF are both down nearly 60%. Unsurprisingly, her bets on cryptocurrency are getting beat up by the nuclear winter the sector is going through. She's been a big buyer of Coinbase on its way down this year -- it's lost 80% of its value in 2022 -- and it is now a top 10 holding, accounting for over 4% of her entire portfolio.

Because of the market's extreme rotation away from tech stocks and crypto (and just about everything else in between lately), Wood's ETFs have taken it on the chin, but that doesn't mean she's not still a smart money manager. She's been buying Roku (NASDAQ: ROKU) and Tesla (NASDAQ: TSLA) in recent weeks, and they could make you wealthy over time too.

Continue reading


Source Fool.com

Like: 0
Share

Comments