Originally Posted by 458 Lott
The "secret" to the stock market is there is no secret. The key to making money is being knowledgeable, you need to know how companies are doing, how the future looks for their market and products, etc. If you have the time to do the research and make sound choices, then you'll do well. If you mindlessly follow the advice of experts, expect to loose your shirt.

If you don't have the time, then picking a good investment adviser will be worth it to you. And you'll need to do research into the investment advisers as not all of them are worth a damn.

Just like any other professionals, sometimes you can do a better job than they can, sometimes not. Know your strengths and weaknesses and make your choices accordingly.
The "Secret" is not picking the right stocks, but learning money and risk management. NO ONE always wins in picking stocks, the experts learn how to minimize their losses and maximize their profits. You do that by dumping a loser immediately...something very difficult to do with Mutual Funds; that's why professional investors never invest in mutual funds.