Cathie Wood: ARK Invest reduces Tesla holdings at high levels, using some profits to increase cryptocurrency assets
ChainCatcher reported that ARK Invest founder Cathie Wood stated that ARK Invest reduced its holdings in Tesla stock when it was near its peak, and allocated part of the profits to crypto assets.
We tend to rebalance our portfolio in this way: when one stock rises relative to others, and another stock is experiencing a difficult period.
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