FYI: A decade ago, as Lehman Brothers went bust and the fragile financial system was teetering, fund investors wondered how bad it could get.
The answer: pretty bad. The S&P 500 plunged 4.6 percent on Sept. 15, 2008, and would incur worse losses in the ensuing months.
Many investors bailed out. For those who held steady through all the tumult of the Great Recession, a decade later they’re sitting on more valuable portfolios.
Regards,
Ted
https://apnews.com/6d9657224db94380989b0a0ba1013642
