“Your investor’s edge is not something you get from Wall Street experts. It’s something you already have. You can outperform the experts if you use your edge by investing in companies or industries you already understand.”
Age: 74 , Managed Fidelity Investments
Assets Under Management (AUM): $2.4 trillion
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When it comes to playing it safe, index funds that encapsulate the market as a whole have been very solid investments over the years. For decades, diversified portfolios have been fattening up a lot of people’s retirement funds – thanks to the overall global growth that we’ve witnessed (interrupted by some sporadic recessions). The S&P500 Index has done very well, and only some of the most talented investors around have managed to generate better returns – and you can include Peter Lynch in that list.
Lynch is known mostly from his management of the Fidelity Magellan fund, where he beat the S&P500’s annual growth for 11 of the 13 years that he was there (up until 1990). He consistently achieved more than double the index’s yearly returns and helped lift the organization’s assets from $18 million to $14 billion in value. This legendary investor coined the phrase “invest in what you know” – which I bet you’ve heard before!
Next Slide – This Legendary Investor has
$702.1 BILLIONS Under Management
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