6 Ways to Lose All Your Money in the Stock Market
"You get recessions, you have stock market declines. If you don't understand that's going to happen, then you're not ready, you won't do well in the markets."
-- Peter Lynch
Peter Lynch, famous for leading Fidelity Investment's Magellan mutual fund for 13 years, during which he averaged annual gains of about 30%, is right. You need to have a solid understanding of the stock market in order to profit from it -- and to know the key mistakes to avoid.
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Source: Fool.com