It’s been over a decade since the last financial/economic crisis. Historically that’s a long time, so it’s easy to become complacent. But wise investors remember the past. Just consider:
1987 Black Monday; 1988 collapse of Long-Term Capital hedge fund; 1997 Asian currency crisis; 2000 bursting of the dot-com bubble; 2001/02 accounting scandals of Enron and WorldCom; and the 2007/08 Global Financial Crisis, the greatest financial crisis of our lifetime – it brought the world economy to the brink and wiped out Lehman Brothers along with a raft of troubled banks and financial institutions around the world.
Wise investors are psychologically, emotionally and financially prepared to weather the inevitable crises that come along.
At BluestoneFinancial we watch world events with one eye on history, while watching over our clients’ financial affairs with over thirty years of experience…helping our clients calmly secure wealth.
This memo was prepared solely by Terry and Patty Rempel who are registered representatives of FundEX (a member of the Mutual Funds Dealers Association of Canada and the MFDA Investor Protection Corporation). The views and opinions, including any recommendations, expressed in this memo are those of Terry and Patty Rempel. Bluestone Financial is a personal trade name of Terry and Patty Rempel.
