Do you still know what you did exactly fifteen years ago? If you already then interested in the stock market, you probably saw with shining eyes your stock portfolio by and figured out is when you would buy your dream car or to retire. Maybe you even had Highflyer the “New Economy” as EM.TV, Intershop or Mobilcom in the portfolio.
Because to March 2000 was one of the most spectacular booms of all time. The Nemax 50 in which 50 major companies of the Neuer Markt were gathered, had increased tenfold within about two years worth. Even the “boring” blue chips from the DAX had taken since the start of the bull market in 1982 at an average of around 1500% gain.
15 years later is little left of this world. Even after six years of continuous bull market, there is no euphoria. On the contrary, many German have frustrated the stock market turned his back, partly because the soaring followed an unprecedented Kursgemetzel until the turn of the millennium. The DAX lost 73% within three years, the Nemax50 over 97%. Of the companies that were included in the Nemax50 in 1999. Today, less than half is listed independently. Rarely there are success stories as our portfolio value BB Biotech or our long-term recommendation Nemetschek.
In the US, the situation is similar. Few of the technology giant from 2000 still are today among the top names. Cisco is long gone, the highly capitalized companies in the world. The most valuable tech giant today, Apple, then ranked in terms of market capitalization miles behind Microsoft is “also-rans”. Google was not even listed, not even founded Facebook. This shows how fast-paced the technology sector and how hard it can be to earn there with “Buy and leaving behind” money.