You're not soiling the party, either. Anyone who got screwed when the NASDAQ collapsed was clearly over-exposed to high-risk stocks that any investor with even a modicum of financial sense would have stayed away from.
Yes, my technology-oriented mutual funds lost about 65% of their value in 2000. But since they only comprised about 15% of my portfolio it wasn't such a big deal. And anyone who has been dollar-cost averaging for the long term has been able to take advantage of ups and downs in that market anyway.
"You're not soiling the party, either. Anyone who got screwed when the NASDAQ collapsed was clearly over-exposed to high-risk stocks that any investor with even a modicum of financial sense would have stayed away from."
I was on our church's finance committee during the Clintoonian years. I took a lot of abuse for refusing to put all of a retro fit fund, the church's savings and an endowment fund mainly into QQQ and then DIA, SPY and MDY at that time. The big pressure came at the first of 2000.
One of the pushers of this madness, lost over 50% on his Keough and IRA's. He wanted to retire in 2002. He is still working as an accountant and an CFO at hire. He thanks me every time we see each other for standing against his terrible advise and preventing the finance committee from buying into QQQQ. He blames the Arthur Andersen imaginary accounting for the bursts, and people like him who forgot the basics of business and invested in the dot.com insanity.