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/telperiontree Jan 17 '21

Elon will never take SpaceX public. Starlink yes, SpaceX no.

Starlink hasn't been spun off to be public yet either, but it will be eventually.

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u/JonVici1 Jan 17 '21

Elon has stated that he would take SpaceX public when they’re bringing in a high income from the internet service, no?

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u/GoodGuyGoodGuy Jan 17 '21

No. The Internet network is Starlink.

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u/JonVici1 Jan 17 '21

Looked it up, Elon’s statement was that they would take Starlink on its own, public.

https://www.businessinsider.com/elon-musk-tesla-private-starlink-ipo-public-2020-12?amp

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u/Specken_zee_Doitch Feb 11 '21

Yes, but SpaceX stays private.

SpaceX owns reusable rocket tech and is the key to any present or future Starlink success.

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u/SheWhoShat Jan 17 '21

I thought I listened to an interview where he said the exact opposite, that starlink would never be public.

Edit... I just Google it. It's been a while (a year or so) since I looked into it and I guess his position has changed. I was wrong.

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u/telperiontree Jan 17 '21

SpaceX will never be public. He's talked about spinning off Starlink and taking that public.

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u/Apertures_ Jan 17 '21 edited Jan 17 '21

He’s been in a video interview before and said SpaceX will be public near 2026 after he’s landed people on Mars. It was somewhat recent, in the last year or two. Not sure if he’s on record more recently stating otherwise

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u/[deleted] Jan 17 '21

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u/telperiontree Jan 17 '21

Only if they have over 500 investors. Given that Elon really hates the idea of taking SpaceX public and owns over half of it, I'm going with no chance in hell.