I looked into a family members account and see that they invested during covid, made a bunch, but then didn't sell before the fad ended. They are now looking at about -80% (if I recall correctly). What is the general consensus when massive losses are taken in funds like these. Ride them back up? Or cut losses and invest in something less volatile?$ARK Innovation ETF(ARKK.US)$$ARK生物基因科技革新主动型ETF(ARKG.US)$$太阳能ETF-Invesco(TAN.US)$
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SpaghettiMeatballs :
You recalled wrong. None has a -80% pullback as of now even if they bought at ATH
$海庭(S51.SG)$ I think that Seatrium will fall again after this rebound. Besides the oil & gas sector, Seatrium also has orders from the renewable-energy related contracts. Renewable stocks in the US are taking an outsized beating among other stocks in the utiliity sector, which was down more than 10% last quarter. Investors may be betting that going green will take longer and require more capital in a higher-for -longer interest rate environment. "As utilities struggle with converting to mo...
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Clean-energy shares soared early Thursday after Sen. Joe Manchin agreed to back a roughly $370 billion climate and energy spending package that would include tax credits for electric vehicles, renewable energy projects and clean hydrogen. - The$环球清洁能源ETF-iShares(ICLN.US)$added about 5.2%, extending a recent recovery as traders anticipate the Federal Reserve will begin cutting interest rates next year following recent r...
SpaghettiMeatballs : You recalled wrong. None has a -80% pullback as of now even if they bought at ATH