Managed Funds
Another investment question....
While learning about investing, I keep reading about managed funds that average 20% + growth per year (like that quoted below). If this is true, I'd like to put some money in one and let someone else manage it for that kind of growth.
"Peter Lynch managed the Fidelity Magellan Fund from 1977 to 1990, during which time the fund's assets grew from $20 million to $14 billion. More importantly, Lynch reportedly beat the S&P 500 Index benchmark in 11 of those 13 years, achieving an annual average return of 29%." from Investopedia
What's the catch? If there is none, how do I get my money into one of these and make over 20% without doing all the research work mylself?
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