Peter Lynch is arguably one of the most prolific investors in history. The former manager of the Magellan Fund at Fidelity achieved 29% annualized returns for investors during his 13-year tenure.
There are a number of takeaways that helped to explain his career success. Chief among them is Lynch’s contention that investors should be able to clearly explain why they own a stock to a child or they shouldn’t own that stock at all.
CVS Health (NYSE: CVS) is a pharmacy chain and health insurer that I own in my portfolio. And I believe there are good, clear reasons for passive income investors to consider it for their portfolio right now. Let’s dive in to see why.
Impressive all-around performance