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Tech Funds Dropping Like Dot Coms
from the bye-bye-hype dept
In the past few years everyone wanted to invest only in technology. Diversification was a dirty word to those who didn't understand that stocks go down, as well as up. However, when people are demanding something, someone will figure out how to fill that need, and a ton of technology only mutual funds popped up. Some were so focused that they were just on B2B companies, or other tiny sectors-within-sectors of technology. Now that they're all doing terribly, many are shutting down. Just like dot coms, it seems that tech funds are going out of style.
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