Say no to growth stocks...they are not winners. It's hard to believe, but it's true. Why? You pay too much for growth expectations: growth stocks are popular. It's that simple. (I hope these quotations will convince you. If so, you'll save tens of thousands of dollars.)

One of the most convincing arguments for not buying growth stocks can be found in Jeremy Siegel's The Future for Investors. If you buy no other investment book, buy The Future for Investors. It came out in March 2005. Siegel's first book is good to but this revised edition is better.
"firms with high growth expectations carry a high price which drags down their future returns." p.41

Chapter 5 in The Intelligent Investor has some very convincing lines too.

One of the reasons people lose with mutual funds is because they buy at the wrong time. For instance, in January of 2000, just before the technology boom was peaking, one of the hottest funds being sold was Investors Global Science and Technology fund. Net sales were $143 million. Over the next five years, annual losses were 21% with this technology fund: that's right, minus 21% per year. In contrast, the RBC Dividend fund was among the funds with the highest net redemptions in January of 2000. Over the next five years, this dividend funds had returns of 13.1% a year.
Source: Report on Business March 17, 2005 Rob Carrick

"your rate of return is reduced if you buy an overpriced share and in time the stock returns to an average or below-average valuation". Stephen Jarislowsky, The Investment Zoo p 106

re-read and revised slightly on March 13 2006