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Tip of the Day Be Wary of Mutual Funds

Be Wary of Mutual Funds - Mutual funds for years have been a safe investment option if you are going to invest your money, but lately these investments are not...

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Growth Fund

Definition: A growth fund is a mutual fund that invests in a portfolio of growth stocks.  These funds are geared towards people who are looking for greater capital appreciation.  They also carry more risk than income, blend, balanced, and value funds.

TeenAnalyst Advice: Growth funds are mostly comprised of companies that are new and growing rapidly.  The younger you are, the more risk you afford to take.  However, if you're nearing retirement, you might want to consider limiting your exposure to growth funds.

Growth stocks typically do not pay dividends so these mutual funds are not good for people who are looking for income from their investments.

 

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Definition of the Day Heterogeneous

Heterogeneous – Heterogeneous is a broad term that refers to individuals, items, companies, industries, etc. that are dissimilar from each other while still pertaining to a larger whole.  The opposite of heterogeneous is homogeneous, which encompasses similar objects within a group.  Outside of economics and business, heterogeneous can also be...

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