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bought equal amounts of ARKK and GRNY the other week just to watch cathie and tom lee race around a go-cart track. so far cathie is 5% ahead. \[takes a bite of corn dog\]
Take a look at ETF by Tom Lee at Fundstrat--- Granny Shots ETF (GRNY) Yes it is real and LEGIT....
Well, since your comment he has launched his ETF GRNY ETF and he has so far outperformed the wider market (no track record though). I discovered this dude today, don't remember seeing him on CNBC before (only watch it sporadically).
you mean GRNY shifting
Buying the same amount of GRNY and ARKK and making Tom and Cathie race for my amusement while I rip apart a turkey and spill wine.
I’m starting a long term dca into GRNY. Maybe a 10% of portfolio position eventually. Made the mistake of going too heavy into an etf ipo once but I do trust this fund more than the last one I tried.
100% his fund has an ETF: GRNY for “Granny Shots” you can find the explanation of how he put it together on YT
There are two ETFs by top tech analysts you can buy and hold for 5-10 years: IVES is Dan Ives (Wedbush) AI ETF. GRNY is Tom Lee’s (Fundstrat) “Granny shots” ETF based on seven long term trends & themes. Many of the stocks in these ETFs are in much lower cost Vanguard growth ETFs like VOOG and VONG.
Maybe OP should put it in GRNY ETF.
RKLB, PL and LUNR since I cannot buy SpaceX. ETF I like is GRNY although the expense ratio of .75 since it is an actively managed ETF by Tom Lee.
I owned it sold it 2022 crash and forgot to buy it back because I didn’t have the patience. Did nothing 2023 rebound year so I removed from my watch list. I have it now on my watch list. Recently added to GRNY ETF.
If you're willing to accept the increased volitility I'd say GRNY
100% into a riskier etf like GRNY. Or 50/50 with a bitcoin etf like IBIT.
This includes no international and includes an actively managed etf with a high expense ratio. I agree with VOO here, but there is no guarantee VUG will outperform and there is definitely no guarantee GRNY will outperform, especially with how much TV the guy does.
In 7-10 years, I think you'll do fine with something like this: 70% VOO - good core ETF to invest in good companies 20$ VUG - good growth oriented ETF but has more volatility 10% GRNY - potentially good growth ETF from a well known investor
Tom Lee going to change GRNY ticker to BOHICA
Well you should probably always have some exposure to stocks outside of the US, that’s just a premise of diversification. I’d argue that your combo of IVV, GRNY, S&P 500 equal weight, and NASDAQ is probably duplicative. Most of those underlying holdings are going to be the same with some weighted differently and I don’t think that’s adding much value. I’d suggest looking into US small and mid cap stocks and international index funds.
Had no clue Tom Lee had his own ETF: GRNY. Down 16% from ATH
Yeah too bad GRNY shit the bed today
Fat Cuck Lee’s ETF, GRNY.
Based on these findings, will you be personally investing in GRNY?
The returns are roughly close over 5 years hearten SMH and GRNY. The latter has more industry diversification - so technically if would be a more risk averse holding. Although, their active management for the fund is unproven - so that a risk to consider too 🤷
Hey! I coded up a backtest using their holdings from the fund's website since the count is a bit larger than what testfolio can offer. Flagging that there is a big assumption in this analysis that the holdings would be static throughout this time - which we know won't be the case in practice since a portion of this fund aims to be actively managed to the dynamics of the market as they see fit. I was quite surprised with the outcomes. Optimistically, it operates roughly as a 2X S&P500 with a better Sharpe ratio and without the hard drawdowns of a leverage ETF. I can't share the plots here because of the restrictions on this subreddit but here is the summary data in benchmarking against the S&P500: **1Y Annual Return** \* GRNY: 55.77% \* S&P500: 31.28% **5Y Annual Return** \* GRNY: 33.82% \* S&P500: 15.51% **10Y Annual Return** \* GRNY: 27.73% \* S&P500: 12.40%
$SPY $VOO $QQQ are ideal for retirement accounts. Fundstrat recently released $GRNY ETF and they have quality picks. The ETF is in the 20s. Just check the expense ratio. And a note: The market at the moment has a poor risk/reward short-term. Don't be surprised if things turn red at the start.
Your commentary is very interesting and serves as a good reminder for me. I was a fool, both figuratively and literally, when I subscribed to The Motley Fool for a year. I participated in two different programs with them, and what you’ve described about Tom is very reminiscent of my experience with them: 1) Anything you see from them on Yahoo Finance is just clickbait or them promoting their recommendations after they’ve already informed their paying clients. 2) They employ a bait-and-switch tactic. They lure you in with low-priced, general audience advice lists, but you quickly learn that all they’ve done is bring you slightly closer to the advice they’ve already given to their super premium subscribers. In other words, I need to temper my excitement for everything Tom says. He’s been pushing small caps for a long time, and it seems he advised his clients about them a year ago and has been evangelizing on CNBC ever since. So, if I’m going to listen to him, I likely need to establish a direct relationship with them. With regard to GRNY, it feels a bit like ARKK again.
I like Tom but .75 fee seems high. I will probably stick with Vanguard's MGK (mega cap growth) with its .07 fee. GRNY is more concentrated (looks like around 25-35 holdings) and obviously actively-managed... so I suppose time will tell if it outperforms MGK (or QQQ/SPY for that matter). I tend to doubt it but that's not a knock on Tom who does know what he's talking about. I think in the era of super low cost index funds, these actively managed funds and their high fees are a tough sell. They either have to have some sort of alternative strategy to sell (covered call ETFs for ex.), or else have a celebrity name at the helm like Tom. I think he will accumulate a decent AUM simply because it makes people feel like they have an account with an advisor who they've seen on TV.
I love my guy Tom **"MEGA BULL"** Lee. My fav CNBC contributor by far. But that's mostly because he's RIGHT more than WRONG. And that's because the mofo is ALWAYS BULLISH. Rightfully so since the market tends to go up. However, I did run back tests on his calls and they aren't all great since market does tend to go down and he'll never waver from telling you to buy so in a crash like 2020? Things might not have been optimal if you were listening to him cause he told you to buy the whole way down. Sure things went back up eventually but not everyone hand hold all the way down and others might have waited until the stock market cleared first. Remember that you ain't paying Tom Lee for Fundstrat research then you aren't his client. If you don't have money at Ritholtz wealth management then Josh Brown isn't responsible for your money. His stock picks are him shilling his positions or his clients positions AFTER they got in already. Same with Tom's talks on TV being stuff he already told clients in private before going on TV. There no free lunch especially on WS. In that sense, I won't be investing in GRNY either it's an active ETF. Also they are running on the fame/influence which I don't like for investments even if I like Tom. I like Tom but I have to take him with a grain of salt. IMO he's great to give perspective in the darkest times and when the market is climbing a wall of worry but I hope I'm not listening to him when the market starts a huge/long crash like in 2000 or 2007/08.
Just sold 45 NVDA 138 calls. All shares for now: NVDA, TSLA, GRNY