Last Year's Hottest Fund

Talking Real Money - Investing Talk

Don McDonald

Business, Education, Investing, How To

4.2 • 680 Ratings

🗓️ 21 January 2021

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What made this ETF so hot last year? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:34.9	Reality Radio for a really great future.
0:38.0	We're talking real money.
0:40.8	Oh, I think it's a good day for questions, don't you?
0:43.4	I know it's a good day for questions because I looked at my inbox and it's filled with questions.
0:49.4	Wow, we got a lot of questions this weekend.
0:51.3	So today on the podcast, I'm going to go through some of the
0:55.4	questions. Either those sent in at Talking Real Money.com, either typewritten or spoken, or those
1:02.7	called in to 855935-t. 855-9355-8-255. And we encourage your questions, however you want to bring them to us. So please do so.
1:17.2	855-935-935 talk or go to Talking RealMoney.com and just hit the contact form. Let's start with one that was sent in.
1:24.9	And the subject is ARKKK and Kathy Woods. Yeah, lately been hearing a lot about
1:33.0	Kathy Woods and her ETF. It's an innovation ETF. Here's the question. People are calling her the next Warren Buffett. Why are so many
1:48.1	enthralled by this fund and Kathy Woods? I feel like this same thing happens over and over, yet no
1:58.1	one learns from it. Would love to hear your thoughts on what is making Ms. Woods so popular besides returns on her growth stocks in the last couple of years.
2:08.8	Well, that's what's making her so popular.
2:11.2	That's how she's getting attention.
2:13.0	She's got good PR people, which you need to have if you're in the financial industry and you want
2:18.8	to build your portfolio and that's how they make money. They got to build that portfolio.
2:24.8	And she has succeeded admirably in building the ARC innovation ETF into a hefty little fund.
2:33.4	It's got $24 billion or so in assets. She's getting a three
2:39.9	quarter of one percent expense ratio, which for an ETF is really high. That is really, really, really
	...

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