2020 and the Great Crash we are experiencing
It was 2008, as I recalled my stock portfolio at the time was valued at around $20,000 AUD at the peak. Everything was going so well with my investments and I never made a stock loss since I started personally investing for myself in 2004 after graduating from business school. Every company I've picked as a stock investment was focused on banks, financial services, and some in the oil and gas sector. I was enthusiastic in participating in Initial Public Offerings (IPOs), every company I've picked was guaranteed that I was profiting and two most notable companies I made gains in was the then Tattersalls Group (a wagering company) and Goldman Fielder Limited (a wheat company spun-off from Burns Philp & Co.). Then by late 2008, came the fall of Lehman Bros, who filed for Chapter 11 bankruptcy. It was widely believed to be an impossible event to many, because it was of the world's largest investment banks and seen as an impossible event. I remember seeing it on the news i...