over 1 year ago • 1 min
Most old-timers would say the stock market should be taken seriously, and I can’t argue with that. But hey, you’ve got to admire the investors who are getting rich and having fun along the way. Just look at Matthew Tuttle: his firm launched the Tuttle Capital Short Innovation Exchange-Traded Fund (ETF) (ticker: SARK; expense ratio: 0.75%) late last year, which takes opposite bets to Cathie Wood’s ARK Innovation ETF (ticker: ARKK; expense ratio: 0.75%). There’s a generous glug of genius hidden under that cheeky concept: Wood’s ETF really took off during the post-pandemic tech boom, so launching a product to effectively short tech stocks right when they topped out turned out to be as well timed as it was well marketed.
Tuttle's latest idea has an extra showbiz sprinkle: he’s hoping to launch two ETFs that’ll copy or go against the stock calls that TV personality Jim Cramer makes – yup, that’s the sometimes revered, often ridiculed host of CNBC’s Mad Money and Mad Dash. And that’s a whole different beast: investors like Wood are easy to bet against because they tend to stick to their knitting, but Cramer is paid to comment on pretty much everything. Tuttle, then, will have to keep up with each one of those calls, and then offer investors the chance to go with or against them. And here’s the thing: Cramer has to make so many calls so quickly that it’s impossible for him to be right on each one – in fact, he probably only hits the spot half of the time. And because those odds would only be the same for you with Tuttle’s latest funds, you might want to think twice before you make a mad dash in the pursuit of mad money.
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