FYI: The tech-laden Nasdaq Composite index has finally topped 5000, nearly 15 years after its 2000 peak. Hurray!
But some tech funds are still down 50% or more since March 10, 2000, when the Nasdaq began its epic decline. Barring some particularly adroit management — something that these funds’ records seems not to indicate — it could be a long, long time before shareholders get even again. Bear in mind that after a 50% loss, you need a 100% gain to get even.
Regards,
Ted
http://americasmarkets.usatoday.com/2015/03/02/seven-tech-funds-are-still-down-50-since-the-tech-wreck/
