My 14 years of investment experience going through the corporate scandal-high tech bubble burst down market of 2000-2002 has definitely changed my investment strategy to be mainly a value mutual fund investor. I wouldn't ignore growth funds, but make your stock fund portfolio 70% value and 30% growth. Also make sure your growth funds are small cap and mid cap in size with no more than 40% technology stocks in their portfolio. Most investors still seem to be cautious with large cap high tech stocks because some have reached their full growth potential and may still be overvalued. Some large cap growth funds are ok if they don't have too much technology in them.
Every investor has their own risk tolerance level and it can range from conservative to very aggressive. Here are balanced, asset allocation and large cap value funds to consider for conservative investors who have money they can hold for at least 5 years:
American Century Equity Income Inv TWEIX
Fidelity Balanced FBALX and Puritan FPURX
Greenspring GRSPX
Oakmark Equity & Income I OAKBX
T. Rowe Price Balanced RPBAX, Capital Appreciation PRWCX and Equity Income PRFDX
USAA Cornerstone
Strategy USCRX
Value
Line Income & Growth
VALIX
Vanguard Star VGSTX , Asset Allocation VAAPX and Wellington VWELX
Large cap growth, value and blend funds to consider for moderately conservative investors who can hold their money for at least 6 years would be:
Brandywine Blue BLUEX
Clipper CFIMX
Fidelity Capital Appreciation FDCAX and Export & Multinational FEXPX
Excelsior Value & Restructuring UMBIX
Homestead Value HOVLX
Legg Mason Value Prim LMVTX
Muhlenkamp MUHLX
Neuberger Berman Partners Inv NPRTX and Socially Resp Inv NBSRX
Oakmark Select I OAKLX
Selected American Shares S SLASX
Sound Shore SSHFX
T. Rowe Price Value TRVLX , Growth Stock PRGFX
Vanguard Index 500 VFINX , Total Stock Mkt Idx VTSMX , Windsor VWNDX ,
Windsor II VWNFX , Value Index VIVAX
Weitz Value WVALX and Partners Value WPVLX
Mid cap value and blend funds to consider for moderate investors who can hold their money for at least 6 years would be:
Ariel ARGFX and Appreciation CAAPX
Baron Asset BARAX and Partners BPTRX
Brandywine BRWIX
Delafield DEFIX
Excelsior Mid Cap Value & Restructuring UMVEX
Fairholme FAIRX
Fidelity Value FDVLX
Hennessy Cornerstone Growth HFCGX
Hodges HDPMX
Kinetics Paradigm WWNPX
Legg Mason Special Investment Prim LMASX
Meridian Growth MERDX and Value MVALX
Osterweis OSTFX
Selected Special Shares S SLSSX
Third Avenue Value TAVFX
Value Line Premier Growth VALSX
Vanguard Strategic Equity VSEQX
Wells Fargo Advantage Opportunity Inv SOPFX
Westcore Mid-Cap Value WTMCX
Westcore Midco Growth WTMGX
Small and micro cap value, blend and growth funds to consider for moderate investors who can hold their money for at least 7 years would be:
Berwyn BERWX
Bridgeway Ultra-Small Company Market BRSIX
Excelsior Small Cap UMLCX
FAM Value Inv FAMVX
FMI Focus
FMIOX
Gabelli
Small Cap Growth AAA
GABSX
Heartland Value HRTVX
Kinetics Small Cap Opportunities KSCOX
LKCM Small Cap Equity Instl LKSCX
Northern Small Cap Value NOSGX
Perritt Micro Cap Opportunities PRCGX
Royce Heritage Service RGFAX , Opportunity Inv RYPNX ,
Pennsylvania Mutual Inv PENNX and Total Return Inv RYTRX
Russell
Special Growth S
RSPSX
Skyline Special Equities
SKSEX
Stratton Small-Cap Value STSCX
T. Rowe Price New Horizons PRNHX
UMB Scout Small Cap UMBHX
Value Line Emerging Opportunities VLEOX
Vanguard Small Cap Value Index VISVX
Broad based International and global funds to consider for moderately aggressive investors who can hold their money for at least 7 years would be:
Artisan International Inv ARTIX
Dodge & Cox International Stock DODFX
Fidelity International Discovery FIGRX and Worldwide FWWFX
Harbor International Instl HAINX
Janus Overseas JAOSX
Oakmark International I OAKIX and Global I OAKGX
T. Rowe Price Global Stock PRGSX , International Growth & Inc TRIGX ,
UMB Scout International UMBWX
USAA International USIFX
Vanguard Global Equity VHGEX , International Growth VWIGX and
International Value VTRIX
Small company International, emerging markets, regional and single country funds to consider for very aggressive investors who can hold their money for at least 10 years would be:
Acadian Emerging Markets AEMGX
Excelsior Emerging Markets UMEMX
Fidelity Canada FICDX , Europe FIEUX , Nordic FNORX
Managers Emerging Markets Equity MEMEX
Matthews Pacific Tiger MAPTX
T. Rowe Price Emerging Markets Stock PRMSX , International Discovery PRIDX , Latin America PRLAX and New Asia PRASX
Vanguard Emerging Markets Stock Index VEIEX and European Stock Index VEURX