Although technology-oriented funds have risen 31% in the past 12 months ending April 30, investors continue to withdraw money from them, The Wall Street Journal reports. In fact, they have been bailing out of them every year since 2001, and in the first quarter of this year alone, they withdrew $1.1 billion.

While a good number of technology stocks soared an incredible 100% or more during the dot-com boom, ever since the technology bubble burst, investors can't seem to shake the painful memory of seeing their investments fall by as much as 30% or 40% a year.

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