Quote:
Originally Posted by Detroitdad
Shortly after I had started saving and investing for the long term a substantial portion was wiped out by the internet/tachnology bubble. And I did not even get the joy of daytrading or even owning internet stocks, but the mutual funds I owned got hammered. So, paradoxically I am one of the rare people who can say, "i wish I had not invested so much when I was young." It was a hard way to learn a valuable lesson.
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Us too. Before the kids we were able to invest quite a bit. This was pre-dot-com-bust.
We even went to our adviser in Nov 1999. Said we wanted to pull everything and reinvest because we had concerns about the sustainability of the tech/telecom industry.
He said. This is a quote: "Every indicator is that technology will continue to drive the market."
He convinced us to leave our "balanced portfolio" as it was.
Well, within months technology indeed drove the market - straight to hell. We lost a ton. We could have set fire to our money to largely the same effect, except that at least then we'd have been able to roast marshmallows.