Investment Bubble
From Slashdot Technology Story | Dot-Com Craze Peaked 10 Years Ago This Week
Being naive, I lost a lot of money that year (Score:5, Interesting)
by cytoman (792326) on Tuesday March 09, @04:37PM (#31419550)
I hate being reminded of the dot com bubble. I had some good money in blue chip stocks and good mutual funds. I saw people making money like crazy all around me by investing in mutual funds that were heavily into tech stocks. So I took out a huge portion of my money and transferred it to the tech mutual funds and very soon after, the bubble burst. I had the misfortune of buying at the peak of the bubble and lost a very large amount of hard earned money. I don’t know when I’ll get over that.
Re:Being naive, I lost a lot of money that year (Score:5, Insightful)
by dkleinsc (563838) on Tuesday March 09, @04:46PM (#31419670)
It depends: Did you do the same thing in mortgage banking a couple of years ago?
And you’ve learned some important lessons about investing, like:
1. Don’t trust hype.
2. No, really, don’t trust hype.
3. If you invest on momentum, you’ve probably already missed the boat.
4. Profitable companies are better investments than unprofitable companies for a reason.
5. Don’t be afraid to be conservative. You might not make as much as the folks who risk a lot, but you’re much more likely to hang onto your cash.
Re:Being naive, I lost a lot of money that year (Score:3, Interesting)
by TheNarrator (200498) on Tuesday March 09, @05:59PM (#31420606)
If you are into investing in bubbles remember this famous quote:
“Economic history is a never-ending series of episodes based on falsehoods and lies, not truths. It represents the path to big money. The object is to recognize the trend whose premise is false, ride that trend, and step off before it is discredited.” – George Soros
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