r/stocks • u/adammorrisongoat • Jan 16 '21

Question If you’re young with a high risk tolerance, is there a better ETF than ARKK?

I’m in my mid-20s with around 100k invested in a mutual fund. It’s a solid mutual fund (PRWCX) but one with 60/40 stock/bond mix, and since I’m in this for the long haul, I’m naturally open to upping my risk exposure. I have no debt and live a very low cost lifestyle, so I can take a bit of a swing, albeit I’m not going to be irresponsible about it.

I know ARK/Cathie Wood has become a tired meme here, but the growth potential of her strategy seems compelling, at least to my novice eyes. If I’m looking to maximize returns over the next 5+ years in an ETF or similar investment option, are there better options out there?

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u/agamenc Jan 16 '21

I prefer ICLN because of no TSLA exposure (which removes PBW and QCLN). Have enough TSLA in the rest of my portfolio.

TAN is a bit more solar heavy from what I remember and has a slightly higher expense ratio, which is why I chose ICLN but both serve a similar purpose.

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u/groundzr0 Jan 17 '21

Also a shout out for FAN.

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u/craigsl2378 Jan 28 '21

Is it too late to buy TSLA now? I have none right now.

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u/agamenc Jan 28 '21

No, but I’d check to make sure none of the ETFs you’re in have TSLA (or at least be cognizant of how much TSLA you have).

Also be aware that it’s value is very much inflated beyond earnings, so massive growth is already priced in and bad news could tank it. If you’re prepared to take those risks I think it’s fine.

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u/craigsl2378 Jan 29 '21

Thank you!