5 Years Later, Lessons Learned
The anniversary of the Lehman bankruptcy gave Morningstar.com readers a chance to look back at how the financial crisis changed them as investors.
Perhaps the best thing that can be said of the financial crisis that kicked into high gear with the Lehman Brothers bankruptcy five years ago today is that it served as a great, if painful, learning experience--a wake-up call, if you will--for many investors as to the risks inherent in the stock market. Even the implosion of the tech bubble years earlier could not fully prepare investors for the volatility to come during a time when it looked like the global economy just might grind to a halt.
Fortunately, the lessons of that tumultuous time have not been lost on Morningstar.com readers, many of whom offered their own personal takes on what the financial crisis taught them about investing. In some cases hard lessons were learned, with the price paid in dollars or lost nights' sleep. For others the crisis served to reinforce long-held beliefs about asset allocation, making it somewhat easier to ride out the storm.
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