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Not specifically, but in the run-up to the 1987 crash I was mostly investing in privatisation stocks and unit trusts.

What happened was the 1987 crash – and the famous hurricane  – I lost a lot of my (modest) portfolio.

I’d also bought a house that month for the most money I could borrow against a salary that was three times the national average at the time.

I then lost my job  in October 87, so I ended up selling a lot of my portfolio before it recovered, simply to pay the mortgage

Xmas 1987 was pretty bleak, but all things must pass.


Category: Mike

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Mike Rawson

Mike is the owner of 7 Circles, and a private investor living in London. He has been managing his own money for 35 years, with some success.

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