This is designed for gullible people who think Inverse Cramer will beat the market
Hint: It won't
Hint: Inverse ARK is down 25% YTD and down 40% from peak.
tl;dr Memes are not the way to base your investment decision on
Hint: It won't
Hint: Inverse ARK is down 25% YTD and down 40% from peak.
tl;dr Memes are not the way to base your investment decision on
But honestly these meme ETFs aren't meant to be held long term, they're intraday funds. If you read their prospectus, they're charging you a lot to hold it with an expense ratio of 1.06% (compare that to VTSAX at .04%)
The fact that it still exists means, they are happy to collect fees from gullible people who are pro/anti large-internet-personalities.
they decay exponentially
if you want to bet against Cramer, short the 1x funds or buy puts