10 lessons from the great stock crash and recovery

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U.S. stocks lost more than 55% of their value when they bottomed out on March 9, 2009.  On Monday, they set yet another all-time high. A balanced portfolio weathered the storm quite nicely.

So why is it that most investors are still way behind? The answer is simple: Expenses and emotions.

Unfortunately, most investors aren't all that great at learning from their mistakes, so they tend to repeat them.

Here are 10 lessons we can take from the great plunge and recovery to use the next time markets try to pick our pockets.

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    Allan S. Roth is the founder of Wealth Logic, an hourly based financial planning and investment advisory firm that advises clients with portfolios ranging from $10,000 to over $50 million. The author of How a Second Grader Beats Wall Street, Roth teaches investments and behavioral finance at the University of Denver and is a frequent speaker. He is required by law to note that his columns are not meant as specific investment advice, since any advice of that sort would need to take into account such things as each reader's willingness and need to take risk. His columns will specifically avoid the foolishness of predicting the next hot stock or what the stock market will do next month.