Does share price really matter?

[brty]

those who sold in the 87 crash were the ones who lost! the ones who held did alright! (read it in some book)

That is without doubt.

I doubt it. It depended on what you were invested in.

ANZ and WBC were about $3-3.50 AFTER the crash in '87, they were $2-2.30 by the end of '92. If you had bought at ~$6 prior to the crash, there was a lot of pain until things got better.

If you held Adsteam, Quintex, FAI, Bond corp, Bell etc, bad luck

brty

 

[nioka]

I doubt it. It depended on what you were invested in.

ANZ and WBC were about $3-3.50 AFTER the crash in '87, they were $2-2.30 by the end of '92. If you had bought at ~$6 prior to the crash, there was a lot of pain until things got better.

If you held Adsteam, Quintex, FAI, Bond corp, Bell etc, bad luck

brty

You make a very good point. My biggest problem during those years was getting convinced that Swiss francs was the way to borrow. Many a business including the banks got burnt there. Offsetting that though it was a good time to get into property. Those were the years that taught me not to borrow.