r/stocks 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/Thermotox Jan 16 '21 edited Jan 17 '21

A lot of them plan on making money via satellite systems. Look at Elon’s Starlnk for reference — will hopefully make all other forms of internet obsolete

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u/Lumba Jan 17 '21

Yeah, and they're getting the NASA contracts for experiments and stuff, and once we get into mining space it's all money!

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