Top critical review
3.0 out of 5 starsA mixed bag
Reviewed in Canada 🇨🇦 on May 1, 2020
Some good advice and some bad ones.
Peter Lynch' claim that index funds contribute to market volatility is false. One only has to look at the portfolio turnover of a broad market fund to see.
His insistence that small investors should invest in the same sector where they work is potentially dangerous. A downturn in the sector can decimate both your job and your portfolio - imagine an oil worker who invest heavily in oil stock just before the 2020 oil collapse and recession. Diversifying is important.