Thanks to the Peter Lynch strategy, I'm up 331% on one stock and 271% on another (1st tranche results). I'm excited to share my wins, inspired by the Peter Lynch investing strategy, along with 8 total surprising lessons from this classic investing book. #dividend #stock #investing
Timestamps: 0:00 Introduction: Peter Lynch is my favorite investor of all time. 0:33 Are the lessons from Peter Lynch still as relevant today? Yes, I was shocked! 1:04 THEME 1: INVEST IN WHAT YOU KNOW AND UNDERSTAND 1:35 The Peter Lynch strategy worked for me! 1:47 Household brand name stocks that I own: CLX, HD, JNJ, KMB, KO, MCD, PEP, PG, MO 2:45 I'm up 331% on The Home Depot (HD) with 10.20% simple yield-on-cost (on my 1st tranche). 3:47 I'm yielding 7.75% on my 1st tranche of Johnson & Johnson (JNJ). 4:00 I'm yielding 8.27% on my 1st tranche of McDonalds (MCD). I'm up 271% on that tranche too. 4:14 I'm yielding 23.51% on my 1st tranche of Altria (MO). 5:15 Yes, I have losers in my portfolio too. 5:50 KEY: Does this strategy still work? Or, has our society changed too much? 7:15 I'm still going after household name stocks, but I'm evolving my strategy too. 8:27 THEME 2: THERE HAS ALWAYS BEEN IMMENSE WORRY AMONG INVESTORS 8:36 There was so much worry in the early 1980s. 9:01 In the early years of Fidelity Magellan, investors were redeeming money from the mutual fund. 9:47 Maybe this skepticism is good. 10:59 KEY: The worries today, are they perhaps no different than the worries of the past? 12:00 On Corner Patreon, we just had a Zoom meet-up to discuss Beating The Street. 12:20 THEME 3: I LIKE "BUY AND HOLD FOREVER", BUT IS SOME ACTIVE MANAGEMENT REQUIRED? 13:20 Many of Peter Lynch's most important stocks are core stocks of mine. (This is great to see.) 14:07 Some of Lynch's most important stocks are not ones I'd want to own today. 15:10 I'm getting a lot of comments these days about SCHD. Is SCHD the modern-day Peter Lynch-style strategy? 17:35 THEME 4: SMALLER INVESTORS HAVE SO MUCH UPSIDE (AS COMPARED TO INSTITUTIONS) 18:51 Individual investors have some advantage over the pros! No position size limit, for example. 20:25 Takeaway From Mike: As funds get larger, there is more overhead. This applies to dividend portfolios too. 21:52 THEME 5: IS IT STILL POSSIBLE TO MAKE HUGE MONEY IN RETAIL EXPANSION? 23:02 News was slow to travel before the Internet. We don't have this luxury today, in my opinion. 23:22 Dutch Bros (BROS) 25:19 THEME 6: GREAT COMPANIES IN LOUSY INDUSTRIES CAN MAKE AMAZING INVESTMENTS 25:43 I bought some Altria (MO) today. It's an example of a great company (IMHO) in a lousy industry, in my personal portfolio. 27:07 There are probably mutual funds that can’t even buy it. 27:27 THEME 7: TAKE GREAT JOY IN MARKET CORRECTIONS (WEALTH CREATION) 28:22 I like to fool myself to enjoy buying stocks when markets are tanking. 30:07 THEME 8: EARLY RETIREMENT IS THE GOAL (EVEN FOR PETER LYNCH) 30:24 Magellan was up 2700%. 34:04 DISCLOSURE AND DISCLAIMER
DISCLOSURE: I am long Starbucks (SBUX), Dutch Bros (BROS), IBM (IBM), Clorox (CLX), The Home Depot (HD), Johnson & Johnson (JNJ), Kimberly-Clark (KMB), Coca-Cola (KO), McDonalds (MCD), PepsiCo (PEP), Procter & Gamble (PG), Altria (MO), Philip Morris (PM), Shell (SHEL), and Unilever (UL). l I own these stocks in my personal dividend stock portfolio.
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