Originally Posted by
Pacman
I was investing before and during the dotcom bubble. This all feels eerily similar to how it felt back then. Lots of people investing (who have never done so in the past) and thinking their money was totally safe and guaranteed to 2x - 5x in a short period of time. A few small pullbacks and then even bigger increases, giving more confidence.
I got nervous and sold off some of my big gain stocks in mid 2020 (Shopify, Amazon, Apple) and feel like a total idiot as I sold way too early even though I saw great % returns.
I know this time it's supposed to be different factors driving this insanity but I'm still not confident the end result will be any different than 2001.