Do you remember Oct. 19, 1987? It was a day that sent shockwaves through the stock market, with headlines screaming “Bedlam,” “Panic,” and “Wiped out.” The Dow Jones experienced its largest one-day percentage drop ever, plunging more than 22%. This historic event had a profound impact on many, including myself.
At that time, I was working as a stockbroker, and that fateful day changed my life both professionally and as an investor. The market crash of ’87 taught me valuable lessons that continue to shape my approach to investing to this day.
While the events of that day may seem like a distant memory now, the learnings from it are still relevant. Understanding market volatility, risk management, and staying informed are essential skills for any investor, regardless of experience level.
As we navigate the ever-changing landscape of the financial markets, it’s crucial to remember the lessons of the past and use them to inform our decisions moving forward. By staying informed, managing risk, and remaining resilient, we can weather any storm that comes our way.