As a result, investors should be careful when considering tech funds, analysts say.

Long-term Over the past year, tech funds are commonly showing declines of 55-60%.

Analysts are divided as to the prospects for tech funds.

Referring to the stunning 136 percent average gain for technology stock funds in 1999, "they said, 'How can you start a tech fund after that?' "

For the year, the average tech fund lost 32.09 percent.

Instead of owning tech stocks, you could own tech mutual funds.

Last year, the average tech fund soared 135 percent.

Is it time to buy a tech fund?

While that percentage pales in comparison with tech funds, the losses are useful.

This year, it has trailed other tech funds, although it is still up 26.7 percent.