In '87 I was pretty well totally out of shares having sold them to buy property.
By 2000 (Dot bomb)i had got back into shares and doing nicely. But sold something like half to get into a property development. At this point my net assets were worth twice what they were in 87 and i was carrying a debt /asset ratio of 57%
By Aug 2007 (GFC) I was right out of shares. Sold them along with property development for another property opportunity. By 2008 net assets 7 times what they were in 87. Also for a short while carrying zero debt. Got back into shares in 2009, debt was 31% of assets. Net assets 8 times '87.
Beginning Feb 2018. Still had same shares which had increased 3.5 times in value. Net assets now 10 time '87. Debt ratio 15%