Ark’s Cathie Wood Sees Silver Lining in $2 Billion Loss | Crypto Craft

  • Ark’s Cathie Wood Sees Silver Lining in $2 Billion Loss

    From bnnbloomberg.ca

    Cathie Wood highlighted one silver lining of the brutal run her exchange-traded funds suffered through last year: those billions of dollars in losses will help offset future tax bills on gains. The founder and chief executive officer of ARK Investment Management told Bloomberg TV Tuesday that she has over $2 billion in losses from selling stocks during the market rout. By selling stocks at a loss, those losses can now lower, and potentially offset the tax bill Wood’s funds could receive on future capital gains. “It’s over $2 billion right now against which we can take future gains and then concentrate towards ... (full story)

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Goat
Mar 21, 2023 10:00pm
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Talking about the enormous tax breaks you'll get from losing investors' money is pretty delusional, but assuming you'll have future gains to offset?!? We're surely in for a spectacular implosion with this psycho.
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chemosi
Mar 22, 2023 10:54am
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Quoting Mary
ah "Psyco" and "crazy woman". I love the ignorant, disrespectful misogyny. But when Trump loses money and collects a huge tax credit, he's a genius right? Lets see you amass a large fund like she has.
Its all about Investor perspective.
I am sure investors in Trump adventures called him a psycho and crazy man for losing their
money...
I am not sure if Credit Suisse AT1 bond holders are praising themselves for the huge tax
credits they will get...
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mikeeating
Mar 23, 2023 1:02am
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Cathie no stop loss wood
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Mary
Mar 22, 2023 9:01am
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ah "Psyco" and "crazy woman". I love the ignorant, disrespectful misogyny. But when Trump loses money and collects a huge tax credit, he's a genius right? Lets see you amass a large fund like she has.
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sam3320
Mar 22, 2023 2:18am
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this crazy woman very popular among noob traders as the best trader can get , i wish they can know that she lost over $2 billion xD
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DooPrimeClea
Mar 22, 2023 9:21am
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How is this possible, so loss from bad decisions is deductible? On what planet?
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TCentral
Mar 23, 2023 2:11am
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Quoting DooPrimeClea
How is this possible, so loss from bad decisions is deductible? On what planet?
It is big part of the NWO, get use to it.
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