DXYZ Is Dumb Investment, but AIDX Is Worth Researching

You might have heard about the newly listed closed end fund that owns shares in privately held start-ups with its largest position by far being Space-X, but it also owns a tiny amount of Open AI shares and shares of 21 other companies: Destiny Tech 100 (DXYZ).

DXYZ has a net asset value of $5 per share, yet Gen-Z investors on Robinhood who invest like it is a video game drove DXYZ up to a high on Monday of $105 per share. Even after declining by 46.67% from its Monday high, DXYZ is still worth more than 11X its net asset value!

What we love about Healwell AI (TSX: AIDX) is the fact that they have been rapidly rolling up some of the world's most advanced AI healthcare VC funded technology start-ups at a time when AI healthcare is beginning to boom unlike any other technology space in the world! AIDX's valuation is still reasonable, but at some point, it might become a bubble like DXYZ.

We consider AIDX to be speculative sort of like when we suggested Voyager Digital on June 10, 2020, at $0.60 per share ten months prior to Coinbase's direct listing and thirteen months prior to Robinhood's IPO. Voyager gained by 6,225% to $37.95 per share within ten months of NIA's suggestion.

After Voyager hit its peak, NIA suggested selling Voyager short at about $20 per share due to concerns we had over loans they made to Celsius and Three Arrows Capital to generate the yield they were paying to clients. The biggest red flag for us was Sam Bankman-Fried investing into Voyager. We did our best to warn people that SBF investing into the company was not a good sign but a sign it would collapse to zero.

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from AIDX of US$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.