Personal Finance for Residents of Japan
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So in the meantime, maybe something like ARKF?
More like this actually ->ｅＭＡＸＩＳ Ｎｅｏ フィンテック https://emaxis.jp/fund/253570.htmlcaptainspoke wrote: ↑Wed Nov 04, 2020 3:04 amSo in the meantime, maybe something like ARKF?
And I agree on the BTC -- I doubt I'll ever buy any. But there are many other things that I also wouldn't buy
(e.g. bonds, as per my earlier posts. But I would step in there before BTC)
I am familiar with ARK. I am not sure I would invest with them.captainspoke wrote: ↑Wed Nov 04, 2020 5:59 am Sure, from a quick look, that eMaxis fund is pointing in the same direction. I guess when thinking of bitcoin, one analogy might be the early gold rush in california. Lots of miners trying to strike it rich, but Levi did pretty well selling them all jeans. Similarly, leave bitcoin speculation aside, and consider the financial outfits that will be behind making it or digital/electronic payments possible, and then prevalent.
Visa/MC are the older innovators, and they're still in the game. FB and zuck wanted to back its own digital currency and payments system (hopefully completely quashed IMNSHO). And Jack Ma's version of payments just got stifled, at least for a while. But china is a good model--I've read that in some parts of the country, the only way you can eat is by using your phone (not only payment, but menu, orders, etc.).
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If you want to browse, besides ARKF, look up ARKW, ARKK, and ARKQ.
I just checked, there is no way to purchase ARK funds in a tax-reporting account in Japan. You would need to go through a broker like IBKR and file your own return.TokyoWart wrote: ↑Wed Nov 04, 2020 7:10 am I don’t own any ARK funds but I think ARKF is about much more than bitcoin. New fintech companies like Square not only help the shift to cashless payments but have a very sticky business model with client small businesses and are ideally positioned to evaluate business credit risks because they see the entire transaction history of the company. That’s just one small example of the philosophy of data itself as an asset that’s not yet properly valued and can be a stock selection factor. The ARK funds are on the expensive side with ER’s of around 0.76% and TSLA seems to have found its way into almost all of them (K Q and W anyway) but they are one of the most interesting collection of funds in the active ETF space.
Interesting that they aren’t directly available here. I get tempted to maybe purchase a few shares in my Schwab account but if I buy it’s a sure sign of a market top for the funds. I’m still mostly indexing my investments but Cathie Wood (who is kind of the Noah of this ark) makes some interesting arguments in interviews available on YouTube for why the Ark approach will succeed while the rest of us index.I just checked, there is no way to purchase ARK funds in a tax-reporting account in Japan. You would need to go through a broker like IBKR and file your own return.
Emaxis NEO funds are the closest thing it seems.
These funds do look exciting, but I am uncertain about sector investing.
Nikko have teamed up with ARK for a series of funds. The holdings for the fintech fund are very similar to ARKF. Fees are 1.9%!Kanto wrote: ↑Thu Nov 05, 2020 1:45 pm
Emaxis NEO funds are the closest thing it seems.
These funds do look exciting, but I am uncertain about sector investing.
https://emaxis.jp/lp/neo/fundchart.php
https://emaxis.jp/index.html
Interesting! Those are some insane fees.fools_gold wrote: ↑Fri Nov 06, 2020 12:07 amNikko have teamed up with ARK for a series of funds. The holdings for the fintech fund are very similar to ARKF. Fees are 1.9%!Kanto wrote: ↑Thu Nov 05, 2020 1:45 pm
Emaxis NEO funds are the closest thing it seems.
These funds do look exciting, but I am uncertain about sector investing.
https://emaxis.jp/lp/neo/fundchart.php
https://emaxis.jp/index.html
https://www.nikkoam.com/products/detail/643335/
