It seems like, throughout history, there are tremendous periods of growth followed by periods of drought. For proof of this, one needn't look any further than the American event known as the dotcom crash, which started in the mid-90s and lasted up to the early aughts. What, exactly, is the dotcom crash, and why is it remembered to this day? Here are a few questions about the event in question that the likes of Robert Jain can answer.
"What was the dotcom crash?" According to reputable names in finance like Bob Jain, the dotcom crash was a historic event that involved the growth and crash of various Internet companies. Keep in mind that, during the late 90s, the Internet was starting to come into its own. Many business owners and investors saw this, which encouraged them to take a piece of the proverbial pie for themselves. Stocks grew and value increased, but it wasn't meant to last.
"What caused the dotcom crash?" When it comes to the causes of dotcom crash, you have to look at the individuals responsible for it. First, there were many online business owners that hoped they would be able to grow by leaps and bounds in short order. Second, investors were quick to put money into said businesses. This combination of actions didn't pan out, as these companies would end up folding, resulting in substantial financial losses for all parties involved.
"Is it possible for another crash to occur? If so, how can I avoid it?" Given the substantial growth of businesses as of late, ranging from retail to social media, it would be shortsighted to say that another crash can't occur. To prepare, understand that some businesses operate more solidly than others. Not only do they know what they're taking in, but they're mindful of what they spend as well. These are the businesses you should want to invest in so that you know you'll get more than you initially put in.
When it comes to financial disasters throughout history, the dotcom bubble crash is among the most notable. It showed that no matter how much an industry grows, there is a chance that success can come tumbling down. Even though this stands as a historical event, it is also a warning to business owners and potential investors alike. By learning from the mistakes of the past, you can make smarter decisions in the future.
"What was the dotcom crash?" According to reputable names in finance like Bob Jain, the dotcom crash was a historic event that involved the growth and crash of various Internet companies. Keep in mind that, during the late 90s, the Internet was starting to come into its own. Many business owners and investors saw this, which encouraged them to take a piece of the proverbial pie for themselves. Stocks grew and value increased, but it wasn't meant to last.
"What caused the dotcom crash?" When it comes to the causes of dotcom crash, you have to look at the individuals responsible for it. First, there were many online business owners that hoped they would be able to grow by leaps and bounds in short order. Second, investors were quick to put money into said businesses. This combination of actions didn't pan out, as these companies would end up folding, resulting in substantial financial losses for all parties involved.
"Is it possible for another crash to occur? If so, how can I avoid it?" Given the substantial growth of businesses as of late, ranging from retail to social media, it would be shortsighted to say that another crash can't occur. To prepare, understand that some businesses operate more solidly than others. Not only do they know what they're taking in, but they're mindful of what they spend as well. These are the businesses you should want to invest in so that you know you'll get more than you initially put in.
When it comes to financial disasters throughout history, the dotcom bubble crash is among the most notable. It showed that no matter how much an industry grows, there is a chance that success can come tumbling down. Even though this stands as a historical event, it is also a warning to business owners and potential investors alike. By learning from the mistakes of the past, you can make smarter decisions in the future.
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Please consult Bobby Jain if you'd like assistance with your finances.. This article, Robert Jain: Important Questions Regarding The Dotcom Crash is available for free reprint.
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