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$100K Starter Kit: 3 Stocks to Become a Millionaire by 2034
JOBYJoby Aviation(JOBY) InvestorPlace·2024-04-10 20:29

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 20millioninassetsundermanagement(AUM)in1977to20 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 10,000intothefundandneveraddedanotherdollar,youwouldhave10,000 into the fund and never added another dollar, you would have 280,000 ...