1999, internet bubble at its absolute peak. Nasdaq 100 was on fire. First ETF tracking it, QQQ, got launched and a ton of retail investors rushed in.What waited for them was a free fall. 2000: down 36% 2001: down 33% 2002: down 37% Three years, total loss of 73%. The scarier part? Those retail buyers who jumped in at the top had to wait a full 15 years just to get back to even.
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