3 Stocks Peter Lynch Would Love
Peter Lynch was the portfolio manager for the Fidelity Magellan Fund from 1977 to 1990, when it more than doubled the return of the S&P 500. But the great track record on stock trading may not be why many investors study his advice.
Lynch wrote two books that made investing accessible to the individual investor: One Up on Wall Street and Beating the Street. These texts laid out an approach where novice investors with an eye for quality, investing in businesses they understand and holding for the long term, could achieve better returns than the Wall Street professionals. His style and approach are emulated by many successful traders today.
Based on his approach to investing, here are three Lynch-style stocks that may deserve a place in your portfolio: Starbucks (NASDAQ: SBUX), Costco Wholesale (NASDAQ: COST), and Stitch Fix (NASDAQ: SFIX).
Source Fool.com
