Ask any advisor and he or she will tell you that clients can’t get enough of long-term growth mutual funds because they provide an opportunity to get a small slice of many fast-growing companies – and the portfolio-igniting potential they promise – without having to place comparatively large bets on just a couple of up-and-comers.
Of course, as with any other “growth” investment, the expected rewards don’t come without a higher degree of risk. Some fund managers are better (or luckier) than others.
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