When I was in college, I worked as a mutual funds advisor. This was in 2007, before the financial crisis that took place the next year.
I thought I was an investing genius because almost every client I talked to invested with me. So I thought everything I touched would turn into gold.
One year later, my personal stock portfolio was down 60%.
I learned an important lesson: Everyone’s a genius in a bull market. The two years leading up to the 2008 crash were great for many assets. Everything seemed to be going up.
