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> In hindsight the last 30 years have been great for tech so maybe I just got lucky on my industry selection. A lot of tech companies went bankrupt. So you got

> In hindsight the last 30 years have been great for tech so maybe I just got lucky on my industry selection. A lot of tech companies went bankrupt. So you got "lucky" selecting the right tech companies and buying and selling them at the right time. If you bought YHOO or Petsdotcom or any of AOL during the dot com boom and held on, then you would have lost a lot of money. For every AMZN there are dozens of tech companies that went under. Also, the last 30 years have seen an absurd stock market boom. Take a look at the chart to see what the last 30 years have been like. The S&P has been on a tear. https://en.wikipedia.org/wiki/S%26P_500_Index#/media/File:S_and_P_500_chart_1950_to_2016_with_averages.png https://en.wikipedia.org/wiki/S%26P_500_Index#/media/File:S_... To the moon baby!

geoffc 9y ago
Companies with great products rarely go bankrupt in my experience (while the product is great of course).
- bfuller 9y ago
  AOL never went bankrupt.
  - acct1771 9y ago
    On the contrary, it's a significant part of a very alive ad network.
deleted 9y ago
[deleted]
Patient0 9y ago
On the other hand, if you had simply invested equally in those four names I think you might still be doing very well despite three of them being worthless now. AMZN is trading at 15 times what it was at the height of the dot com bubble. https://www.google.co.uk/search?q=amzn+stockmprocr&rlz=1CDGOYI_enGB628GB628&oq=amzn+stockmprocr&aqs=chrome..69i57j0l3.7239j0j7&hl=en-GB&sourceid=chrome-mobile&ie=UTF-8 https://www.google.co.uk/search?q=amzn+stockmprocr&rlz=1CDGO...