Investors Who Survived 2008-11: How Did you Make It Through?
Inspired by @Brian Burke's harrowing story of surviving the economic meltdown, I'd love to learn what other lesson's people gained through that time.
Many survived, some thrived, lost it all...
While I don't think we're going to see another down turn like that for a long, long time, I do think that protecting your downside is always smart.
In Brian's story, I learned that a bank will foreclose on a property EVEN when all payments are being made on time because the ratio's are no longer good and they need the loan off the books... paying or not (if you haven't read his story, it's in the forum and worth studying). I wasn't aware they would/could do this.
Would love to learn about any lesson's learned during the meltdown.