In a Pinch Remember Peter Lynch

One of the most successful long term investors held and didn't try to time the market. infact he talks against that.

For your high conviction plays and you are a long term investor you can continue to monitor the business. For Peter Lynch 🌮 Taco Bell 🔔 fell over 75% in the short term. He started his position in the $7's and it dropped to $1's. He bought the dip because he really believed it was a strong money making business and in 6 years the stock price exploded to over $42 🤑. So Lynch made at least 600% return but probably a lot more.

He tells us that he got comfort that no Taco Bell locations closed during that time and their balance sheet was strong. Reinforcing his research. Stock prices were irrationally low momentarily, and that was his to his benefit in the end. High value and high conviction. His famous fund he managed had an average return of a whopping 30%+ but most investors only got about 7% because they chased the highs and lows of the stock price which are often temporarily irrational. Do your due diligence and stick to the high concentration plays.