I started last April and stopped in late 2025, then bought MSFT on this dip in Feb 2026. I invested $350K total into a small number of ETFs/blue chip stocks (SMH, QQQ, ASML, APPL, MSFT, META, and IBKR) and have made a 50% return on paper in just over a year.

P/E ratios are much higher now though so I stopped buying. Of course, I wish I had bought more last year.

I do not know how to regard MU and Sandisk (and therefore, DRAM) bc they are way up but also have high earnings.

Space is the stupidest investment of all time. You are not going to make a profit attempting to defy the laws of physics. Think about it: we don't even have supersonic air travel anymore because there was not enough demand for it. Space exploration will not ever be profitable.

I have qqq plus individual holdings of nvda. I also have a little money in space (rklb mostly).

I'm still buying FSELX and not planning to stop.

Most of the market is AI so if you're buying index funds then you are heavily AI invested. It's definitely a bubble but someone will emerge as the AI everyone likes. Maybe OpenAI now that they beat Elon's lawsuit.

Anonymous wrote:My MU is up 600%. Maybe I should sell.

MU is interesting because on an earnings basis, it is still cheap as dirt. The only question is if the profits can transition to being more stable over time rather than cyclical. If the answer is yes, it could still easily do another 3x.

I've owned ASML (which is in the EUV ETF) for over 15 years (from a merger) and up over 3300% and in my opinion is the ultimate tech stock. Their EUV photolithography machines are what makes manufacturing of advanced chips and AI possible. It's been an incredible investment. I've been thinking of taking some (if not all) profits. Hate paying LTCG taxes but fortunately huge chunk is in a Roth.

BUT....I definitely think we're in an AI and AI support chain bubble but have no idea when it will pop. This rally could continue for quite a while. So many similarities to 1999 right now. Lots of "irrational exuberance". Look at nuclear and nuclear support stocks...have gone up considerably due to the power demand of AI but new nuke power plants are years down the road with any revenue even further along. Some only have designs and their stocks have gone parabolic. Crazy valuation IPOs were crazy in 1999 (over 400). And now Anthropic and SpaceX are going public at crazy valuations.

With the near risk-free 30-yr and 10-yr Treasury yields recently going over 5% and 4.5% respectively, the end of the bubble may be closer than we think. But who knows.

My MU is up 600%. Maybe I should sell.

No because I don’t know what’s a Google and what’s an AOL.

I bought Seagate in 2024 and it has skyrocketed.

I really don't know if we are in a bubble or not. But I just watched the documentary 1975 and I was reminded how the personal computer revolutionized how we worked. We certainly had a correct in October of '87, but the Dot com peak wasn't until March of 2000 with the plunge in October of 2002. And only then because we were investing in things that didn't make any money. We were investing in the hope that different business models and start ups would work.

Which makes me wonder if not only are the circumstances different now with AI, but even if we are growing a bubble, is it possible that it is a relatively long way off in the way that the personal computer grew for nearly 3 decades before the crash caused by mostly all the speculative companies.

Absolutely just guessing. But it did make me wonder as I was watching 1975.

All that said, I haven't bought DRAM, but have been looking at it. We are heavily in VOO, plus an assortment of individual tech and AI stocks.

I started buying a month ago. I'm up 50k, more than half of that is in the past 2 weeks. I keep rebalancing into the more stable side of my portfolio (Roth ira) to bank some of the gains.

Given lack of responses, we are nowhere near peak.

Anonymous wrote:Yes, we all are. I have most of my money in the S&P 500, which is currently 37 percent technology stocks.

+1

Yes, we all are. I have most of my money in the S&P 500, which is currently 37 percent technology stocks.

Is it a bubble? It sure looks like it. Not sure. This case could be different than the dot com burst. Tech is everywhere. FSELX has done super well for 40 years. Semiconductors are in demand. I’ve been buying DRAM and SMH and now EUV because I think photonics and advanced development is the next rotation for tech. Anyone else buying tech?