Destiny Tech 100

NEW YORK--(BUSINESS WIRE)--Destiny Tech100 Inc. (NYSE: DXYZ) recently announced financial results for the quarter ended December 31, 2024. The fund reported a net asset value (NAV) of $6.44 per share of common stock, an increase from $5.32 per share at the end of the third quarter. As of December 31, 2024, Destiny Tech100's investment portfolio had an aggregate fair value of approximately $70.9 million, including short-term investments. The fund maintains positions in a variety of privately-hel.» Mehr auf businesswire.com

Closed-end funds offer unique opportunities due to their discount/premium mechanisms, allowing share prices to deviate from net asset value per share in a wild manner. In general, CEFs often provide diverse exposure across equity and fixed-income portfolios, and they even offer exposure to hybrid portfolios, but also allowing for sector-specific exposure. One important note is that not all premiums or discounts indicate a buying or selling opportunity; instead, it can make more sense to examine relative value over historical periods.» Mehr auf seekingalpha.com

SpaceX's recent achievements highlight a new era of innovation, making it a compelling investment but caution against overpaying is crucial. I sold my stake in Destiny due to its indefensible premium; recommend others do the same and reinvest wisely. For SpaceX exposure, consider ERShares Private-Public Crossover ETF, which offers better value and allocation compared to Destiny.» Mehr auf seekingalpha.com