Missed Nvidia in 2009? This Rare Signal Is Flashing Again.\u00a0In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia.\u00a0For the first time in years, that same “Total Conviction” signal is flashing for a company 1\/100th the size of Nvidia.\u00a0Continue \u00bb<\/a> <\/p>\n The fund made its name during the tenure of Lynch, who ran the fund from 1977 until 1990. During that time it went from about $20 million in assets to over $14 billion by 1990. Lynch’s legendary status is supported by his performance. Under his management, the fund averaged an annual return of 29.2%, which is among the best in the business. And he beat the S&P 500 in 11 of his 13 years there. <\/p>\n Lynch was also known for his folksy wisdom<\/a> about investing that was easy for the average investor to understand if not execute on. His most famous quip is to “invest in what you know,” which, I admit, I tried when I first started investing to disastrous results. I really didn’t know what I thought I knew about the stock, I just liked the product. Lynch was saying to know the stock, know the company, know the industry. That’s a lot of knowing for someone new to investing. <\/p>\n What I should have done was listen to another bit of Lynch’s wisdom and turned over a few more rocks before making an investment. <\/p>\n Leave no stone unturned <\/p>\n “The person that turns over the most rocks wins the game. And that’s always been my philosophy,” Lynch once said. This piece of Lynchian advice is a bit more applicable and easy to grasp for the average retail investor. He’s basically saying: Do your research, look at more stocks to find the ones that have the most upside or best fit your portfolio. Don’t follow the crowds. <\/p>\n If everyone is buying AI stocks, don’t just reflexively pile into the most popular stocks with the highest returns. Those with the highest returns may also be the most overvalued and prone to a steeper decline if the market corrects. Or they may be overpriced based on hype and not actual real earnings and strong fundamentals. <\/p>\n The way to find the best AI stocks, or value stocks, or growth stocks, or income stocks, or whatever, is to go deep in your research of its valuation ratios, earnings history, earnings potential, debt, revenue growth, and other fundamentals, for that will tell the fuller story. The more stocks you explore, or the more rocks you turn over, the better chance you will have of finding the ones that are keepers in a long-term portfolio. <\/p>\n Like Magellan and Lynch, be an explorer. <\/p>\n Should you buy stock in Fidelity Covington Trust – Fidelity Magellan ETF right now? <\/p>\n Before you buy stock in\u00a0Fidelity Covington Trust – Fidelity Magellan ETF, consider this: <\/p>\n The Motley Fool\u00a0Stock Advisor\u00a0analyst team just identified what they believe are the\u00a010 best stocks<\/a>\u00a0for investors to buy now\u2026 and\u00a0Fidelity Covington Trust – Fidelity Magellan ETF\u00a0wasn’t one of them.\u00a0The 10 stocks that made the cut are built for long-term growth and could produce monster returns in the coming years. <\/p>\n Consider when\u00a0Netflix\u00a0made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $429,223!*\u00a0Or\u00a0when\u00a0Nvidia\u00a0made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation,\u00a0you’d have $1,318,055!* <\/p>\n That performance is why people listen. With a track record of\u00a0beating the S&P 500 by nearly 5x,\u00a0Stock Advisor\u00a0offers a distinct advantage. Don’t miss the latest top 10 list, available with\u00a0Stock Advisor, and join an investing community built for the long haul. <\/p>\n See the 10 stocks \u00bb<\/a> <\/p>\n *Stock Advisor returns as of August 22, 2026. <\/p>\n Dave Kovaleski<\/a> has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy<\/a>. <\/p>\n<\/a> Image source: Getty Images. <\/p>\n