In the 2000 tech crash, who ended up holding the bag? Average investors. Over the course of the year 2000, as the stock market began its meltdown, individual investors continued to pour $260 billion into US equity funds. This was up from the $150 billion invested in the market in 1998 and $176 billion invested in 1999. Everyday people were the most aggressive investors in the dot-com bubble at the very moment the bubble was at its height — and at the moment the smart money was getting out. By 2002, 100 million individual investors had lost $5 trillion in the stock market. A Vanguard study showed that by the end of 2002, 70 percent of 401(k)s had lost at least one-fifth of their value; 45 percent had lost more than one-fifth.
#personalfinance #investments
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comments
You're screwed if you try to time the market or if you are forced to liquidate at the bottom.
Is this what others call 'first world problems'? Where else do you make money as easily and lazily as the stock market. You get paid to breathe. Everything historically had been a buying opportunity in the US Markets.
Some periods have just been less sales than other periods. I wish I could have bought Amazon shares at the peak of the dot com bubble. That's generational wealth there.
Buy and hold forever. Pigs who try to market time generally get slaughtered. Not my fault retail thinks short term and tries to use the stock market as some lottery ticket.
The example you are quoting is probably relevant to crypto/nft investors right now.
You may not get 10000 fold return in tech stock but having big tech companies in your portfolio can still beat the index I think.