HAVE YOU HUGGED A FASHION PLATE TODAY?
Don't thumb your nose at the ladies who lunch and the mall rats who are always in your way. Prod them for stock tips instead.
By Dayana Yochim, THE MOTLEY FOOL
Hi Dayana. I came across your article about the trends in retro shoes and the respective rise in certain brands' stock prices [Listen To Mrs. Peter Lynch]. I myself am a woman who is interested in both investing and clothes. Do you happen to know if there are groups of stylish women out there who use their ahead-of-the-trend knowledge to make money on the stock exchange? Tastefully yours, L.C.
Ah, to combine a few favorite pastimes -- and to use the profits from one to buy cute new shoes!
The idea of getting investing ideas by first looking at the brands you like (the hair products you use; the retailers where you spend your time and paycheck -- or at least observing those who shop for sport) -- is an approach championed by the famous Fidelity Magellan (FUND: FMAGX) mutual fund manager Peter Lynch. It was his wife who told him to check out Hanes (which then traded on the New York Stock Exchange), since she really liked their L'eggs pantyhose -- and, even more important, every woman she knew did, too.
FOR THE REST OF THIS STORY VISIT:
http://www.fool.com/news/commentary/2005/commentary05062005.htm
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