I've lived through four major stock market crashes, and I was invested in three of them.
1973 - 74 - I wasn't old enough to invest, but I do remember this crash. This was the same time as oil embargo/gasoline crisis. The stock market lost 45% of its value.
1987 - On October 19, 1987, the stock market lost 22.6% of its value in a single day. This was the first crash during which I was invested.
2000 - 02 - From the September 11, 2001, the date of the WTC terrorist attacks, the markets declined then recovered in early 2002 and then fell sharply again. The Dow declined 35% from its peak and the Nasdaq declined 44%. This happened after the Internet bubble in stocks that occurred up to 2000.
2008 - 09 - This was the latest stock market crash due to the financial crisis of 2008. The stock market fell 54% from October 2007 to March 2009.
Subsequently after each crash the stock market rose to new highs. It's hard to remember that fact while in the depths of a downturn. But it's one worth remembering since I expect to live through at least three more market crashes.
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This is not financial or investing advice. Please consult a professional advisor.
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