I came across this article on Forbes by Jonathan Dash, How Investors are costing themselves money. The article talks about Peter Lynch, who managed the Fidelity Magellan Fund from 1977 to 1990. While he managed the Magellan fund it averaged an annual return of 29%. For context the S&P 500 averaged an annualized return of only 9.55% over the same time period, but the average investor of the fund during this time lost money. How is this possible? Tune in to find out the mistakes Magellan fund investors made, mistakes investors still make today, and what lessons we can learn to ensure we don't make the same mistakes. Thank you for listening!
Forbes article: https://www.forbes.com/sites/forbesfinancecouncil/2021/06/02/how-investors-are-costing-themselves-money/?sh=5d50a4095e30
S&P 500 return calculator: https://dqydj.com/sp-500-return-calculator/