7 Mutual Funds for Gamblers

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As of May 20, 2010

Investors in CGM Focus have been on a wild ride over the past few years. After gaining 80 percent in 2007, the fund fell 48 percent the next year. And after a poor showing in 2009, it’s down by upwards of 9 percent so far this year. Even so, over the trailing 10-year period, the fund is in the top percentile of Morningstar’s large growth category. The main reason for the fund’s extreme volatility is its highly concentrated portfolio, which at the end of 2009 had only 18 stocks. That means that if just one pick goes sour, the fund is sure to feel the effects.

Read more about CGM Focus.

Next: The Encompass Fund (ENCPX)

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