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Search resuls for: "Fidelity Magellan Fund"


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CNBC's Jim Cramer said saving is the most important thing for investors, no matter how much they are making or what stage of life they're in. "I want you to save no matter what the excuse. As a teenager, Cramer opened an account with Fidelity's Magellan fund, which he said was one of the best-performing mutual funds of its time. He began saving money he made as an ice cream vendor at a stadium in Philadelphia. But he didn't save much in college, with his work-study pay going towards tuition and room and board.
Persons: CNBC's Jim Cramer, Cramer, Fidelity's Magellan, Jack Daniels Organizations: Tallahassee Democrat, Los Angeles Herald Examiner, Fidelity Magellan Fund Locations: Philadelphia
Legendary investor Peter Lynch has one of the best investing records under his belt, but he still has regrets for not buying into some of the biggest tech companies in recent years. The former Fidelity Magellan fund manager revealed Tuesday that he wished he hadn't missed out on the explosive growth in Apple . Lynch, vice chairman of Fidelity Management & Research, said on CNBC's "Squawk Box." I should have done some work on Apple ... it's not a complicated company." Lynch recounted how his daughter had bought an iPod for $250 at the time and how he recalled thinking Apple was making a high margin on it.
Legendary investor Peter Lynch is staying away from cryptocurrency . "I can't pronounce crypto – I can spell it, definitely can't pronounce it," he joked, adding, "What bitcoin's going to be, I have no idea." Although he appeared to have little interest in putting any of his own money into crypto, Lynch has studied the bitcoin investment case. The next one is about a year from now but it doesn't yet have a specific date. Lynch declined to comment on specific investments, but said he "tends to own small caps."
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