ARKQ - This ETF Could Supercharge Any Retirement Account
Anyone reading this has likely heard the names Cathie Wood and ARK Invest. The latter is a fund company, and the former is it founder. Both have been in the spotlight for the better part of the past two years, when incredible gains from the market's highest-profile technology stocks amped up ARK Invest's exchange-traded funds' performances. See, Wood is hyper-focused on next-gen technologies, which have led the market since the early 2020 lull. This bullishness made her a star within the investment world.
That star has stopped shining since November, of course, when so many of these high-flying and high-profile technology names crashed. The meltdown was a not-so-subtle reminder that hype doesn't last forever and that diversification is always important. A bunch of investors are now rethinking here tech-centric, speculative approach that focuses more on themes and less on tangible potential. And understandably so.
Before you join the crowd that has given up on ARK Invest's ETF's altogether though, know that there's one name among these funds that's worth considering due to its lower-risk profile. That's the ARK Autonomous Technology & Robotics ETF (NYSEMKT: ARKQ) , formerly known as the ARK Industrial Innovation ETF.
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This ETF Could Supercharge Any Retirement Account