Get Ready For Doubles And Triples In The Oil Sector In 2020: Peter Lynch

The latest table-pounding buy for the oil sector was issued last week.

It came from the most unlikely (and highly credentialed) source. The single greatest fund manager in history said in Barron’s interview last week: Oil, energy services, and natural gas can provide triples……

He named no other sector; this is where he says to invest today.

To be clear on exactly what he said….

1—He did not say that the sector offered opportunity.

2—He did not say that he is buying some oil and gas stocks.

3—He did not even say that he thinks that there is one specific oil and gas stock that can triple.

What he said is that the oil and gas sector is full of stocks that can triple from current prices. It is go time!

That investor is Peter Lynch. His track record is unfathomably good.

Peter Lynch ran the Fidelity Magellan mutual fund from 1977 to 1990. When he took over the fund it was tiny, just $18 million in assets. When he left 13 years later……it was the biggest fund in the world with $14 billion.

1

Source: Fox Business

He retired early in 1990 because his father had died at 46, which understandably hung over him. He didn’t want to spend his whole life in an office and miss his children growing up.

His performance was epic — he generated an astonishing 29% annualized return over the period that he ran Fidelity Magellan. $10,000 invested with Lynch in 1977 would have been $300,000 when he left.

The table below shows his annual performance versus the S&P 500. The consistency for someone putting up annualized numbers that big is remarkable.  I would have expected a lot more volatility.

Clearly he wasn’t making many big mistakes…

2

Source: Fidelity

Most of us knew of this great performance already, so this isn’t news.

What was revealed in his interview with Barron’s though is new information about Lynch’s investing, post-retirement. It turns out he has been killing it since he left Fidelity as well.

1 2 3
View single page >> |

Peter Lynch said he expects triples from this sector, what more do you need to here than that? Get your share of this opportunity by clicking  more

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.