I was meeting with a long-term client, and naturally we discussed the stock market falls that were occurring at that very moment, and we began reminiscing about the panic surrounding investments during the Global Financial Crisis (GFC). The stock markets were in freefall, people saw their superannuation values fall and the media was making sure we were all well aware of the what they had dubbed the “financial crisis”.
At the time my full-time job became reassuring people that sticking to their long-term strategies was sensible albeit difficult. I remember doing presentations, almost on a weekly basis, discussing investor behaviour and encouraging people not to panic. Most of my clients thankfully stayed strong and are now reaping the rewards.