I'm a big fan of investing in individual stocks and truly believe that a well-crafted stock portfolio can outperform the overall stock market. At the same time, there's value in putting some of your investment dollars on autopilot with top-quality index funds.
These exchange-traded funds offer investors broad exposure to AI technology without the risk of picking individual winners and losers.
Cathie Wood is the head of Ark Investment Management, which operates several funds focused on innovative technology stocks. The Ark Autonomous Technology and Robotics ETF holds a number of Wood's top artificial intelligence (AI) stock picks.
ARKQ was performing well with Tesla's rise, but has remained an underperforming ETF thus far in 2024. The ETF's high valuation and currently weak seasonal trends make it a risky investment today. ARKQ's chart shows potential for a breakout if it rallies through resistance in the $59-$61 range, while support is seen at $50.
Given the enthusiasm for artificial intelligence and the broader automation sphere, it's unlikely that these innovations will fade anytime soon. That said, the tech sector has struggled recently.
With the tech sector experiencing some third-quarter (Q3) wobbliness, self-guided investors may wish to take more of a hands-off approach with their next big buy. Undoubtedly, it doesn't get more hands-off than an exchange-traded fund (ETF).
I have been dreaming about flying cars since I was a child, watching the cartoon “The Jetsons.” For those old enough to remember, the Jetsons were the cartoon family of the future, and they owned a flying car.
A confluence of factors have combined to make defense technology a compelling ETF investment theme including: Rising global instability, such as the conflicts in the Middle East and Ukraine; Years of underinvestment in defense and military equipment, especially in Europe; NATO's goal that its members allocate 2% of GDP to defense by 2024; Heightened demand