MyMoney Online, Personal Finance with Warren Ingram

8 tips from 'the greatest unit trust investor ever'

The greatest ever unit trust investor was Peter Lynch, according to personal finance expert (Galileo Capital) Warren Ingram.

Lynch managed the Fidelity Magellan fund (the world’s best-performing unit trust) from 1977 to 1990.

Over that time, he generated 29% per year - more than double the index!

pixabay.com

Last week, Lynch was interviewed about investing in choppy markets.

The Money Show’s Bruce Whitfield asked Ingram to discuss some of Lynch’s gems from the interview.

The most important vital organ for investing? A strong stomach!

Peter Lynch

Wisdom from Peter Lynch, best unit trust investor ever:

  • You need to simply believe that great businesses will navigate their way through economic turmoil.

  • “When” and “how” is not relevant – you just need to believe that great businesses will continue to thrive over the long term.

  • More people have lost money anticipating crashes than those who have lost money in a crash.

  • Lynch says he has no idea what the market will do in two years.

  • He lost more money than the stock market when markets crashed. It happened nine times in his 13 years as a fund manager, yet he still doubled the return of the market over that time.

  • He thinks Emerging Markets have been hammered over the last while and thinks they offer the best opportunities for investors.

  • He never worried about the economy when making investment decisions.

  • Don’t be too rigid in your investment decisions, opportunities present themselves across all sectors of the investment markets.

For more detail, listen to the interview in the audio below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Covid-19: Struggling to pay - or collect - the rent?

Covid-19: Struggling to pay - or collect - the rent?

The Money Show's Bruce Whitfield interviews property lawyer Julian Scher about rental payment problems caused by Covid-19.

'If you still have a job, get rid of your debt as fast as you can'

'If you still have a job, get rid of your debt as fast as you can'

Personal finance expert Warren Ingram has advice on how to survive – or even thrive – amidst the Covid-19 outbreak.

Want to start a small business? Lessons from a successful serial entrepreneur...

Want to start a small business? Lessons from a successful serial entrepreneur...

The Money Show’s Bruce Whitfield interviews Nic Haralambous, founder (at the cost of R5000!) of funky sock company Nic Harry.

Considering emigration? Financial planner discusses the affordability of leaving

Considering emigration? Financial planner discusses the affordability of leaving

Can you afford to leave South Africa? Certified Financial Planner (CFP) Barry O'Mahony on what to consider before deciding.

‘South Africans are getting poorer and poorer because of politics’

‘South Africans are getting poorer and poorer because of politics’

SAA is a classic example, says Isaah Mhlanga, Chief Economist at Alexander Forbes Investments.

You better sit down for this… Eskom made a profit!

You better sit down for this… Eskom made a profit!

Jabu Mabuza (Chair and co-CEO at Eskom) talks about the utility's results, growing debt burden and new CEO, Andre de Ruyter.

Popular articles
'If you still have a job, get rid of your debt as fast as you can'

'If you still have a job, get rid of your debt as fast as you can'

Personal finance expert Warren Ingram has advice on how to survive – or even thrive – amidst the Covid-19 outbreak.

Covid-19: Struggling to pay - or collect - the rent?

Covid-19: Struggling to pay - or collect - the rent?

The Money Show's Bruce Whitfield interviews property lawyer Julian Scher about rental payment problems caused by Covid-19.

COVID-19 infections jump to 1,462 - Mkhize

COVID-19 infections jump to 1,462 - Mkhize

He made the announcement on Thursday evening in Bloemfontein.

Black dog syndrome: #ThePawcast's Lauren Palmer explores the phenomenon

Black dog syndrome: #ThePawcast's Lauren Palmer explores the phenomenon

Black Dog Syndrome is a phenomenon in which black dogs are passed over for adoption in favour of lighter-coloured dogs.

Eskom is making the best use of the crisis - André de Ruyter, CEO

Eskom is making the best use of the crisis - André de Ruyter, CEO

The Money Show’s Bruce Whitfield interviews Eskom CEO André de Ruyter about the utility’s plans during the Covid-19 lockdown.

'Thousands of ordinary South Africans have contributed to the Solidarity Fund'

'Thousands of ordinary South Africans have contributed to the Solidarity Fund'

It's an enormous humanitarian effort. Bruce Whitfield interviews Dr Adrian Enthoven, Deputy Chairperson at the Solidarity Fund.

Doctors launch helpline to provide free medical advice to South Africans

Doctors launch helpline to provide free medical advice to South Africans

Head of the KZN Doctors Healthcare Coalition Professor Morgan Chetty has more details on the national medical support hotline.

Website for a good cause wants you to participate in virtual volunteering

Website for a good cause wants you to participate in virtual volunteering

Forgood.co.za, which connects people to causes around the country, suggests ways that you can help.

Free service to tackle human resource queries during the COVID-19 lockdown

Free service to tackle human resource queries during the COVID-19 lockdown

Strata-G Labour Solutions is offering a free hotline for employers to get clarity on HR-related matters during the lockdown.

Duduza Clinic nurse tests positive for COVID-19, other nurses awaiting results

Duduza Clinic nurse tests positive for COVID-19, other nurses awaiting results

Mayor of Ekurhuleni spokesperson Phakamile Mbengashe says they have deployed two mobile clinics to the area.