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Net's Worth

Will out-of-this-world Internet stocks come crashing back to earth?

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This story appears in the September 1999 issue of Entrepreneur. Subscribe »

Hindsight is wonderful. Especially when big bucks are involved. Take Internet funds. It's hard to imagine an investor who doesn't wish he or she had purchased shares early on. With returns often in the high double- or triple-digit range, these new-frontier funds represent the stuff dreams are made of.

Depending on whom you talk to, Internet stocks are either selling at such high prices they're sure to burst or represent a new era in which technology rules at any cost. While the truth probably lies in between, future investors need to remember two basics before socking hard-earned cash into an Internet fund:

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