Peter Lynch urges people to “invest in what you know.” This is sage advice, given his success over the years.
As manager of Fidelity’s Magellan mutual fund, Lynch achieved over 29% annualized returns over 13 years. Much of his investing strategy was tied to following trends in his own family’s life. In his book, One Up on Wall Street, he encouraged individual investors to hunt for stocks in the industries they work in, or purchase companies that sell products and services they utilize and understand.