Buzz ๐Ÿ

Table of Contents

Buzz

Stocks are great to invest in but sometimes we want a lot more diversification and we want it in a quick and easy manner. To get this, investors often flock to what is known as an โ€œETFโ€ or exchange-traded fund. An ETF is simply a basket of assets an investor can invest in without having to buy all the components individually. For example, Cathie Woodโ€™s ARKG ETF focuses on companies that develop, produce, or enable cutting-edge biological innovations such as CRISPR, and Stem Cells. Most recently the famous David Portnoy, self-proclaimed king of retail investors and Barstool Sports founder has endorsed a new ETF called Buzz.

The ETF was announced just this week on Davidโ€™s Twitter. Portnoy is a shareholder in VanEck, the company that is creating the ETF. BUZZ will focus on the most popular stocks based on market sentiment and filter stocks based on an algorithm designed to scrape the internet and find positive sentiment on stocks. In tandem with the increase in internet stock chatter and the power of retail investors on forums like r/WallStreetBets, the ETF is aiming to capitalize on the way the internet is influencing the stock market. Last year the BUZZ ETF beat the S&P 500 in performance.

Despite these strong results, however, many are still suspicious of the ETF and even lack confidence in its legality. For example, Tyler Gellasch, the executive director of Healthy Markets thinks that the ETF โ€œappears to be capitalizing on what could very well be determined by SEC and FINRA to be market manipulationโ€.

Do you think the BUZZ ETF will be allowed on the market? Or will it face too many hurdles to work?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
The Crude Oil Bust ๐Ÿ›ข

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

Metaverse Returns ๐Ÿค–

Meta, led by CEO Mark Zuckerberg, is intensifying its commitment to innovation in the Metaverse through the introduction of the Quest 3 VR headset.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visaยฎ Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.