Ten-Year Anniversary of Lehman Brothers’ Collapse
September marks the tenth anniversary of the bankruptcy of Lehman Brothers, the largest in U.S. history. The stock market plunged as the Dow Jones Industrial Average lost one-quarter of its value over the following four weeks. While our economy is currently on solid ground and our Investment Management Unit is mildly optimistic at this point, remember that a drop in stocks could happen at any time. Make sure you understand how your portfolio is allocated and your risk tolerance is appropriate. We all want to make as much money as we can, but we need to do so within a risk structure that we can tolerate.