The ups and downs of trying to accumulate a seven-figure net worth on a five-figure salary, loose weight, get fit, and do a post-grad course while working full-time... oh, and train for air pistol competitions ;)
Wednesday, 31 December 2008
That was a year to remember
Well, the Australian stock market has ceased trading for the year (it closed early today so everyone can get a good vantage point for tonight's fireworks and/or partying). The All Ordinaries index had its worst calendar year on record, plummeting 43%, compared to the 32% slump during the oil shock of 1974 and the 34% fall in 1930, during the Great Depression. The drop in 1987 calendar year doesn't even rate a mention.
Hopefully I'll still be around in twenty or thirty years to be telling my grand kids "I remember the Great Stock Market Meltdown of '08"...