XT - XT: Still Beating ARKK At Its Own Game Upgrade To Buy For Possible Moonshot
2024-03-10 01:56:48 ET
Summary
- iShares Exponential Technologies ETF is a go-to holding due to market volatility and potential for high returns.
- I prefer XT to the ARK Innovation ETF, given its smoother path due to a more diversified and passive/indexed approach.
- XT's lower volatility and diversified portfolio make it a buy, with potential for a price increase to its 2022 high and beyond.
The iShares Exponential Technologies ETF ( XT ) continues to be one of my go-to holdings for several reasons:
1. Market conditions are so wacky (technical term there) that I feel the need to have a representative position that grabs its fair share of a potential "moonshot" up move which could be either the blowoff phase of a dot-com like ending (as in 2000) or a name I'll keep adding to if I see more evidence of a 1995-1999 type of new long-term up leg. I may be a risk-management first investor, but that does not mean I don't take on potentially volatile positions in the broader portfolio. I just keep my weighting/exposure to such ETFs modest....
XT: Still Beating ARKK At Its Own Game, Upgrade To Buy For Possible Moonshot