How will you react to the next Black Monday?
Every October we remember the great crash of 1987 known as Black Monday. It’s a “haunting” memory for a “haunting” month. How did you handle Black Monday? What was your response as an investor? Or are you even old enough to remember it?
In this week’s podcast, we revisit that fateful day in 1987 and discuss the behavior of the average investor versus the wise investor. The different is stark! If you behaved as many people, you likely saw a significant decrease in your net worth for some time. And here’s the kicker: the right choice was completely counter-intuitive.
Let’s talk about thirty years ago and what we should learn from the lessons of Black Monday. May it lead to more treats for you and fewer market tricks.
Click below to listen: