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Gabe Plotkin s Melvin Capital Lost 7% in March

Alex Flynn/Getty Images/Bloomberg This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Gabe Plotkin s Melvin Capital lost 7% in March to close out a dire first quarter. The firm was down almost 49% in the quarter, sources told Insider. In January, the firm was targeted by retail traders who piled into its GameStop short position. In March, Gabe Plotkin s Melvin Capital took a step back from digging itself out of its GameStop hole. The $8 billion equity hedge fund lost 7% last month, finishing the first quarter down almost 49%, sources told Insider. The average hedge fund, Hedge Fund Research found, made 1% last month and earned just over 6% over the first quarter. Melvin declined to comment.

Top 10 Stocks to Invest in For Beginner Investors

Top 10 Stocks to Invest in For Beginner Investors In this article we will take a look at the top 10 stocks to invest in for beginner investors. You can skip our detailed analysis of these stock’s outlook for 2021 and some of their major growth catalysts and go directly to  History shows that beginner investors with limited knowledge of the stock market often give in to speculation, rumors and bad advice, ending up in a vicious cycle of losses. One should practice extreme caution and do a lot of research before investing because data shows that investors with limited budget often lose a lot of money. That’s not surprising. Higher capital reduces your risks and let you ride out your losses longer. Money makes money. The GameStop episode earlier this year gives us some key insights into this interesting but harsh truth.  Initially, Reddit and retail investors cheered the downfall of Melvin Capital, but the endgame clobbered the individual investors as they lost millions followin

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