$100K Starter Kit: 3 Stocks to Become a Millionaire by 2034
Joby Aviation(JOBY) InvestorPlace·2024-04-11 04:29
Investing legend Peter Lynch coined the term “10-bagger.” That is a stock that grows to 10 times the value of its initial investment. He knows a thing or two about hitting home runs with stocks.During his time as Fidelity Magellan’s money manager, he took the fund from $20 million in assets under management (AUM) in 1977 to $14 billion AUM in 1990 when he retired for a 29% compounded annual growth rate. In other words, if you put $10,000 into the fund and never added another dollar, you would have $280,000 ...