Not learning from history
By Finance Smiths  •  October 25, 2017

I have always wondered what we would have done during the big market crash in 2008 due to the Global Financial Crisis if we had the same current asset portfolio then. It’s a thought experiment because it’s easy to run through the logical sequence of actions when you are not under pressure. Much tougher to execute when you are actually in that environment. So we can only imagine what it would have been like and how we would have reacted.

In 2008, we were in our 2nd year of university with little savings, no full-time jobs, no investing experience and not vested in the markets. We felt the impact of the subsequent economic recession though as it was a challenge finding entry-level jobs after graduating. I don’t consider it a missed opportunity because we were never in the position to take advantage of it. I used to think that if I was ...

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By Finance Smiths
Late 30’s couple with 2 small kids living in Singapore writing about our financial progress as a family.
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