Cathie Wood: ARK Invest reduces its holdings in Tesla at a high level, using part of the profits to increase its stake in cryptocurrency
BlockBeats news, December 14, ARK Invest founder Cathie Wood stated that ARK Invest reduced its holdings in Tesla stock when it was near a high, and allocated part of the profits to cryptocurrency.
We tend to rebalance our portfolio this way when one stock is rising relative to others, while another stock is experiencing a 'painful' moment.
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