Key insights
- The author discusses their investment in a venture capital ETF (VCX) and expresses concerns about the lack of transparency and potential risks associated with the fund's holdings, particularly regarding upcoming IPOs and legal challenges faced by some companies. The author is unsure how to determine when to exit the investment to avoid being exit liquidity.
I sold off my Palantir ( not at the ath dang it) and bought into VCX at $86 and it's done very well. Mostly bought because my work was now moving to Claude from Palantir and Anthropic was getting hyped as being a better product. SpaceX is in it, IPO upcoming and that's being pegged as exit for early investors. Open AI is being sued multiple ways. Now I'm not saying my public traded company i work for cooks the books, but i know they're creative on what losses or gains get reported for what quarters. Admittedly I don't know a bunch about the fund beyond knowing a bit about the individual holdings and I'm holding strictly on vibes because I feel like they're is no way to know whats happening behind the curtain here with these companies and this fund. How do I avoid becoming exit liquidity?