This Is 1 of Peter Lynch's Great Investing Regrets -- and It Could Have Made Him Millions
From 1977 to 1990, investor Peter Lynch achieved a 29.2% compound annual growth rate (CAGR) while managing the Magellan Fund for Fidelity. This allowed him to earn about 28 times his initial investment in just 13 years.
Let's put this in perspective. Let's assume that Lynch started with $1 million and earned a 29.2% CAGR for 30 years -- a career of normal length. At that rate, an investment of $1 million would have become a staggering $2.2 trillion. Hopefully, this illustrates just how stellar a 29.2% CAGR is. Lynch simply didn't play the game very long, which is perhaps why he doesn't get more recognition.
With as good as his track record is, you'd think that Lynch wouldn't have any regrets. But when asked about his regrets by Yahoo! Finance, he quickly says that he regrets not investing in (NASDAQ: AAPL). If he had only taken his own advice -- the advice that Lynch is most known for -- he would have made millions.
Source Fool.com
Apple Inc. Stock
Our community is currently high on Apple Inc. with 104 Buy predictions and 8 Sell predictions.
As a result the target price of 208 € shows a slightly positive potential of 2.72% compared to the current price of 202.5 € for Apple Inc..
