Not exact matches
The «search for yield», i.e. for better return on financial investments than the declining interest rate, thus led to the series of
bubbles & bursts: deregulated savings & loans (immediately), high -
tech stocks (late
90's), mortgage derivatives — > house prices (2000's).
But I can share that my loans are long gone and forgotten and meanwhile I can already see results of starting early, even taking into account the current turmoil, and that I started during the
tech bubble years, and that I didn't max out, and that the contribution caps were much lower in the
90s.
The 2000 — 2003 bear market followed the
tech bubble that led to stocks becoming significantly overvalued in the late
90's.
He did the same thing with Mexico and RMBS in 1994, Commercial Real Estate in the early
90s, LTCM / Asia / Russia in 1998, Y2K in 1999 - 2000, and the aftermath of the
tech bubble in 2001 - 2002.
Of course dubious «asset allocation» has been a sales tool of the industry since the early
90's, pre
tech bubble.