Stock Trading of Mutual Funds

Legendary investor Peter Lynch, who ran the Magellan Fund of Fidelity with great results between 1977 and 1989, pointed out several years ago that his best-picks had performed at their peak five years after he purchased the stocks. Making the right long-term bets is one way to achieve superior returns. Churning one’s portfolio, every few months, is not. Smart trading to make money is...

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