Why fidelity magellan fund Has Been a Staple in Many Successful Portfolios

Investing in the stock market can be a daunting task, especially if you're a beginner. However, one fund that has been a favorite of many successful portfolios is the fidelity magellan fund. This amazing mutual fund has a rich history of performance and consistently beating the benchmark.

With a name that pays homage to the first circumnavigation of the globe, the fidelity magellan fund has certainly traveled a long way since its inception. It was launched in 1963 and since then, it has grown to be one of the largest mutual funds in the world, managing billions of dollars in assets.

Some of the reasons why fidelity magellan fund has been a staple in many successful portfolios include its diversified portfolio, talented management team, and impressive returns. The fund invests in a mix of large and mid-sized U.S. companies across various industries, making it well-rounded and less risky than investing in a single stock. It also has a low expense ratio, meaning that investors get to keep more of their returns.

Moreover, the fund has been managed by some of the industry's top fund managers, including none other than Peter Lynch, who lead the fund to an impressive 29% annualized return between 1977 and 1990. Since then, the fund has continued to attract top talent and deliver exceptional returns to investors.

Overall, if you're looking for a reliable mutual fund to add to your portfolio, the fidelity magellan fund should be on your list. With its proven track record of outpacing the market, diversification, and low costs, it's no wonder why so many successful investors have trusted this fund for decades. Don't miss out on the opportunities that this incredible fund can offer. Invest in the fidelity magellan fund today.

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