In the back
52 / 53
[ PLATFORMS & PENSIONS ]
John Blowers weighs up your
options if the market crashes at the
point you retire
Sucker
punched
A
s I write, the FTSE 100
is below 5,000. When
I penned the previous
month’s article, it was 7,400.
Who knows where it will be by the
time you actually read this?
Yet this is just the latest in a long line
of market falls usually characterised
by some malfeasance in the world,
such as the global financial crisis of
2008, the dotcom bubble of 2000 and
the 1997 Asian crash.
The first recorded crash was in 1673
with Tulip Mania, another virus, but
one that affected tulips. Back then,
it gave the flowers a wide variety
of colours which drove demand to
ridiculous levels – so much so that
people paid ever more ludicrous
prices to get their hands on tulip bulbs
until the craze became unsustainable
and prices crashed.
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