Mutual fund superstar Peter Lynch used to say that individual investors had a big advantage over Wall Street. If you just keep your eyes and ears open, Lynch would write, you’re bound to see big profit opportunities long before the investment-banking boys in New York.
And the biggest opportunities are often right in your own neighborhood.
Lynch knew his business.
For months now, we’ve been talking about a “ground floor” investing opportunity – a whole new business that I believe could triple or more in just the next few years.
Well, just the other night, as my lovely wife and I were strolling to a village restaurant near our home, I ran right into proof that this potential $6 billion industry has already grabbed a big handful of the all-important consumer market – just as we said it would.
This was more than just validation: It tells me this market is evolving even faster than I projected – and says I may have underestimated the overall market potential.
And that’s not all.
My “Peter Lynch moment” the other night served a “Buy” signal trigger on a stock with double-your-money profit potential.