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.
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