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Average down and buy the dip are real.

• 2OEH8eoCRo0 4y ago
  Someone I know kept averaging down and put in everything that he had as the dotcom bubble was bursting.
  • shrimpx 4y ago
    And did they hold a couple more years? Or for some reason they sold at bottom after averaging down?
    • blindriver 4y ago
      Most dot-com stocks went to 0. There's a famous "99 percent club" of stocks that became wallpaper.
      • chii 4y ago
        but if you followed the advice of modern portfolio theory, you would've purchased a diversified set of stocks (cap weighted) during the dotcom bubble, including companies such as google, amazon, and apple. I think even if 99% of the purchases went to zero, you'd probably still be ahead if you're diversified properly.
        • cma 4y ago
          Google went public in 2004.