Asset Management

How the financial crisis is still affecting investors

The scars have lasted even though the stock market has since soared to new highs

Friday 7 September 2018 at 21:01

How the financial crisis is still affecting investors
Photo: Max-o-Matic

For investors, it felt like the end of the world.

The implosion of Lehman Brothers 10 years ago next weekend poured gasoline on a smoldering fire. Over the next six months, the S&P 500 fell 46%. Retirees lost decades worth of accumulated wealth. Young investors learned how quickly the floor could fall out from beneath them.