What to invest in for Growth?

[Deleted]

I have new cash to invest. My objective for this money is pure growth. Duration 10-15 years. I am sufficiently, probably overly, diversified so I do not need to worry about diversification for these assets.

Regular market volatility is fine. In today's environment what ETF or Mutual fund (or stock) would you recommend?

[bigseal]

VOO

[uncleharley]

SQQQ

[chang]

I keep growth in tax deferred, and use FBGRX (US) and VWILX (foreign). In a taxable account, I would probably use VUG; but I don’t.

[steelpony10]

@waffle2 ,

       “Regular Market Volatility”. Volatility slightly more then VTI, VOO. Pure growth. VUG holds all the current important players plus some diversification. Tech has been the market leader for 40 years. AI, driverless cars, robots, clean power etc. are on the horizon.

         Under present market conditions and state of the world I might be thinking 15-20 years+.

[retiredat48]

Here is info I sent to my daughter, who has 85% of her large IRA in this holding, FSPTX, Fido Select Technology Fund...and it is my largest fund holding:







-----------------------------------







Message to Daughter three: (Percent below is percent of fund portfolio the holding represents). Very pleased with this set of holdings for you and me, owned past four decades. Note global foundries is the chip maker 5 miles from our NY home. Go Nvidia!






@waffle2,...Suggest growth theme include broad exposure to Artificial Intelligence...directly, for best LT growth.  FSPTX fits the bill.




FSPTX...Total Assets: $9.3 Bil





Top 10 holdings:







Apple Inc ....19.76% ....Feb 28, 2002 1,872,019,005 0.00 23.77 29.07



Technology




Microsoft Corp ...16.27% Apr 30, 2015 1,540,959,464 0.00 25.16 29.50



Technology




NVIDIA Corp... 9.69% Jul 31, 2016 918,073,460 3.49% Increase 123.84 84.03



Technology


Mastercard Inc Class A ...4.21 Dec 31, 2018 398,471,797 17.64% Decrease 7.95 30.12



Financial Services




NXP Semiconductors NV... 4.04 May 31, 2019 382,930,515 0.00 -5.28 12.94



Technology







Marvell Technology Inc ...4.00 Dec 31, 2014 379,202,954 4.00% Increase -7.88 30.58



Technology







Salesforce Inc ...3.44 Aug 31, 2006 326,191,195 9.62% Increase 31.48 29.41



Technology







Cisco Systems Inc ...3.36 Jan 31, 2022 318,149,466 0.00 14.91 12.14



Technology







ON Semiconductor Corp ...3.22 Jul 31, 2020 305,007,701 2.8% Decrease 45.80 17.42



Technology







GLOBALFOUNDRIES Inc ....2.6%







------------------------------------------------------


Very pleased with this top ten in terms of Artif. Intell. investing. I cannot give my percentage of portfolio in FSPTX, because I don't know (not an easy calculation for me). But it is my largest holding.   I have owned/accumulating FSPTX since inception date, over four decades ago, and never sold any.



R48...former  technology; now financial wanna-be!

[saratoga]

1. VGT + QQQM
2. PSLDX: buy after long term interest rates peak.

[johntaylor]

Many good suggestions above, and might tack on TRowe CommTech (avg annual since 1993 13%)

[bigseal]

I think the original poster should be honestly introspective and determine their true personal risk tolerance. After the markets have risen over 20 percent from the lows money suddenly becomes available to invest for growth. This seems too much like performance chasing. Why wasn’t this money available to invest near the lows. All you need to do is read the forums on this site and other sites to understand people are unable to manage their emotions which adversely impacts their ability to compound returns over time. People should go back and read their posts during the downturn and also their brokerage statements to get better insight into their real risk tolerance.

[Deleted]

bigseal - fair point. We just had 30% rally in big tech so valuations are likely stretched. So it may be better to just wait for a correction.

Atleast now I have 3-4 good funds for my buy list.

I am hesitant to buy more individual tech stocks as I already have positions in msft, aapl, amzn and Googl.

[kathiel]

For growth, I suggest you choose companies rather than using a mutual fund. Of course, I recommend Apple for long-term growth, and the price is down from what it was a couple of weeks ago. You may have "enough" Apple - I do, so look at what else is available at a "reasonable price."

[kathiel]

I had some cash in my Roth last year and, like you, was looking for growth. I bought Amazon, Google and Tesla. Later, I bought Microsoft. I owned Microsoft many years ago, and it languished for a long time, going nowhere, which made me think of it as a slow-growth stock. (I owned MSFT back when it paid a special dividend of $8 a share, but that didn't make me think of it as a dividend stock!) Of course, lately it been growing much faster. I bought some last year and it's up over $100 a share since I purchased it. It's done much better than Amazon, Google and Tesla!

I have also had good success with pharmas for growth. Abbvie, Amgen, Merck, Pfizer have all done well for me and all have good pipelines. Many analysts are recommending BMY right now. It's hard to predict which pharmas will hit it big. I long thought of Merck as a slow-grower, but Its blockbuster Keytruda has really fueled growth. Because it is hard to predict, I own half a dozen or so.

Good luck to you!

[Deleted]

I have already have oversized position in MSFT. But I will add to Apple and Google and may be buy Tesla.

[archer]

Aug 14, 2023 15:21:32 GMT bigseal said:

I think the original poster should be honestly introspective and determine their true personal risk tolerance. After the markets have risen over 20 percent from the lows money suddenly becomes available to invest for growth. This seems too much like performance chasing. Why wasn’t this money available to invest near the lows. All you need to do is read the forums on this site and other sites to understand people are unable to manage their emotions which adversely impacts their ability to compound returns over time. People should go back and read their posts during the downturn and also their brokerage statements to get better insight into their real risk tolerance.

On the other hand, we are in the midst of a pull back which is a better time to deploy dry powder than beforehand. OP is not concerned about diversification nor concerned about normal market volatility, and with a 10-15 year time horizon perhaps the current year run up isn't all that significant. 

But, taking an honest look at risk tolerance is never a bad idea. Chasing performance can be a bad idea but not always.

[Chahta]

Aug 12, 2023 18:47:06 GMT @waffle2 said:

I have new cash to invest. My objective for this money is pure growth. Duration 10-15 years. I am sufficiently, probably overly, diversified so I do not need to worry about diversification for these assets.

Regular market volatility is fine. In today's environment what ETF or Mutual fund (or stock) would you recommend?

Personally I think tech will always be at the top for growth. With 10-15 no doubt I would use QQQ.

[Chahta]

Aug 14, 2023 15:21:32 GMT bigseal said:

I think the original poster should be honestly introspective and determine their true personal risk tolerance. After the markets have risen over 20 percent from the lows money suddenly becomes available to invest for growth. This seems too much like performance chasing. Why wasn’t this money available to invest near the lows. All you need to do is read the forums on this site and other sites to understand people are unable to manage their emotions which adversely impacts their ability to compound returns over time. People should go back and read their posts during the downturn and also their brokerage statements to get better insight into their real risk tolerance.

This is a little harsh. Maybe this person got an inheritance or sold an asset. Money is available to invest when it is available. Performance chasing what? Investing for 10-15 years is not chasing anything; it is called INVESTING.