Finance, Forex and Investments

What are some good growth stock mutual funds?

I am looking for cheap growth stock mutual funds. It doesn't have to be mutual funds. I am twenty one years old and I do not mind much risk.

Public Comments

1. American Funds, Vanguard, Keeley, Allianz, and Davis NY Venture are good mutuals to start. You can invest at high risk if healthy at your age. You can always be more conservative later in life. Stat in it for the long run and it will pay off.
2. The mutual fund authority is Morningstar, based in Chicago. Go to their web site, http://www.morningstar.com/cover/funds.aspx, and do a little research.
3. You NEED to care about risk. You can lose your nest egg. Historically there are only a few people who consistently made 20% per year. Warren Buffett, whose lifetime average is 18.1%, commented that Berkshire Hathaway, on its way from $9 to $128,000 per share, had 50% drops twice. Someone who bought with margin would have been totally wiped out. Go slow. Start with funds scrreners. http://img249.imagevenue.com/img.php?image=34337_Yahoo_screener_Aug12_08_122_104lo.jpg http://img247.imagevenue.com/img.php?image=33735_Morningstar_screener_Aug12_08_122_82lo.jpg Funds are never expensive or cheap. Why? Because they sell $2500 blocks with $1000 increments. Whatever the quote, you get the number of shares that multiplies to $2500. Good luck, - CarlD