These 3 Charts Show Peter Lynch Was Right
Legendary investor Peter Lynch famously said people looking for stocks should buy what they know. Lynch said non-professional individual investors can outperform so-called Wall Street experts by investing in companies and industries that they already use and understand.
Investing for financial security in retirement is a long game. Lynch wrote his popular book One Up on Wall Street in 1989. If investors had followed that advice by owning stocks of well-known businesses like Home Depot (NYSE: HD), Target (NYSE: TGT), and Costco (NASDAQ: COST), among others, they'd be much wealthier today. The charts below help make that clear.
Image source: Getty Images.
Source Fool.com
