In this video Peter Lynch offers 8 investing rules for all beginner investors to follow. They're simple but the hard thing is sticking to them!
Peter Lynch is an American investor, mutual fund manager, and philanthropist. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than double the S&P 500 stock market index and making it the best-performing mutual fund in the world.
1. Small investor's have a huge advantage
2. Know what you own
3. Don't invest purely on others opinions
4. Focus on the company behind the stock
5. Don't try to predict the market
6. Study history. Market crashes are great opportunities
7. You have plenty of time
8. You need an edge to make money