Pets.com began operations in November 1998 and liquidated in November 2000. If this strip was written in the late 90’s, Jason might think that it is a good investment.
I learned that the hard way. I invested back in the dot com era. I made a nice profit the first day. I started with $300 in Yahoo. Over time, I was up to $4000 in Amazon when the bubble burst, and I sold at $2000 at my exe’s insistence. If I have kept it, I would be reasonably wealthy.
In high school we actually ran a “stock market” simulation that let us buy on margin – where our project grade was based, in part of how much money we made from our starting point. “Margin call” was a harsh lesson for many – not me fortunately – but it helped me realize I didn’t have the guts to play in the market like that when I got older.
I REALLY miss the 90’s, part of that could be nostalgia since it was the decade I was a kid in, but it seems to be an objectively good part of our history…
To really see the effects of market crashes, watch a PBS Antiques Road Show where they revisit a show from 2007 and state todays price next to the price back then. A whole lot of items dropped 50% from the original estimate. People had money to waste before the late 2007 crash.
Templo S.U.D. over 3 years ago
How do you know, Jason, stocks do not go down?
monkeysky over 3 years ago
Nowadays, Jason would be hoarding shorted Gamestop shares.
sirbadger over 3 years ago
Pets.com began operations in November 1998 and liquidated in November 2000. If this strip was written in the late 90’s, Jason might think that it is a good investment.
jennifer.usher over 3 years ago
I learned that the hard way. I invested back in the dot com era. I made a nice profit the first day. I started with $300 in Yahoo. Over time, I was up to $4000 in Amazon when the bubble burst, and I sold at $2000 at my exe’s insistence. If I have kept it, I would be reasonably wealthy.
SamuelMeasa over 3 years ago
Remember how people use to say this before the bubble burst?
The Reader Premium Member over 3 years ago
It is not that stocks go down, it’s that account balances plummet!
Purple People Eater over 3 years ago
I knew stocks could go down. That’s why I invested all my inheritance in mutual funds. They can’t go down… Can they?
josh_bisbee over 3 years ago
Investing on margin is one of the reasons people got in trouble during the Great Depression.
Nyckname over 3 years ago
“…, and that’s why we want you to put your Social Security money there”, republicons.
kab2rb over 3 years ago
Dad is digging himself deeper.
tcayer over 3 years ago
Is this before the dot-com bubble burst?
txmystic over 3 years ago
e-lynchity == a concatenation of e-trade, Peter Lynch (famous investor), and fidelity
Thinkingblade over 3 years ago
In high school we actually ran a “stock market” simulation that let us buy on margin – where our project grade was based, in part of how much money we made from our starting point. “Margin call” was a harsh lesson for many – not me fortunately – but it helped me realize I didn’t have the guts to play in the market like that when I got older.
KEA over 3 years ago
The assurance one hears right before every crash.
constantine48 over 3 years ago
Jason was the original diamond-handed ape!
yangeldf over 3 years ago
I REALLY miss the 90’s, part of that could be nostalgia since it was the decade I was a kid in, but it seems to be an objectively good part of our history…
Stephen Gilberg over 3 years ago
Finally, another rerun I remember.
BeniHanna6 Premium Member over 3 years ago
To really see the effects of market crashes, watch a PBS Antiques Road Show where they revisit a show from 2007 and state todays price next to the price back then. A whole lot of items dropped 50% from the original estimate. People had money to waste before the late 2007 crash.