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> VTSAX the past 10 years, yeah. but the prior 10 years were much worse.
by fnord77 7y ago
> VTSAX
the past 10 years, yeah. but the prior 10 years were much worse.
- icedchai 7y agoTrue. But do you think they were better for private tech companies? Maybe if you lucked out with the next Google. More than likely, you got a dot-bomb that lost 90% of its valuation and was sold for pennies on the dollar...
- pavlov 7y agoPrivate tech companies growing at 15% were not the "dot-bombs".
- icedchai 7y agoBut many, many others were, or did "okay" but got nowhere near 15% growth. What makes you think you invested in one of the better ones? Were you around during that time? Everyone thought they were going to have the next Amazon. Most folks wound up with Pets.com.
- pavlov 7y agoI was around, just barely — had my first startup job in early 2000. There certainly were a lot of bad companies without meaningful revenue seeking and getting investments, just like today. But if you'd invested only in profitable small software companies doing 15% growth back in 2000, I think you'd have done well.