Tech Wreck 2.0

In the year 2000, when the historic “Tech Bubble” popped, millions of investors were left holding the bag after their financial advisors over-concentrated them in unsuitable and risky high technology and internet stocks. What followed was a wave of investment fraud cases against firms like Merrill Lynch, Morgan Stanley and Citigroup, whose research analysts hyped companies with limited revenues and earnings into a bubble, only to see it pop. Back in the late nineties, investors at the urging of their brokers, made big bets on stocks like Pets.com and InfoSpace, with money for their retirement and children’s college education only to be wiped out when those companies cratered. It looks like history could be repeating itself. With the sharp decline in tech stocks since the market hit its high in early February, many investors are worried that this could be deja vu.  . Furthermore, the recent fall in tech stocks hurts even so-called passive investors,…

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