Investor Psychology

Black Monday: What I Learned from the 1987 Stock Market Crash

Five key lessons from a breathtaking one-day plunge in the Dow Jones industrial average.

A week before the 1987 stock market crash I had all of my investment money in Twentieth Century Ultra, an aggressive stock fund that has since been renamed American Century Ultra (symbol TWCUX). That included money to pay for my stepson’s college starting in less than a year. But I escaped from the ensuing market meltdown unscathed. And I learned some important lessons from the crash and its aftermath.

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