Spend Matters Stock Portfolio August Update – Black Monday Takes its Toll [Plus+]

financial downturn

Unless you spent all of August on a deserted beach without Wi-Fi, you know the month saw the most dramatic stock market falls since the crash of 2008. It began in China, which has seen a real market bubble develop over the last year or so, with stock prices more than doubling. Fears about an economic slowdown led to significant market falls though June and July. The slowdown also impacted stocks in August, including the companies in the Spend Matters Stock Portfolio. We lost 4 % overall last month, but that doesn’t look so bad compared to the real world market crashes.

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