At present, the overall increase of small-cap stocks has been great. Some small-cap stocks with high growth expectations will remain strong, and the growth of small-cap stocks will be easily accepted by the market, while small-cap stocks with no stories and no room for growth will be abandoned by the market. Therefore, this determines that the expected annualized expected return of small-cap stocks will vary greatly, which depends entirely on the stock portfolio selected by the fund manager.

The overall share price of large-cap stocks is at the bottom, and the logic of future market capital speculation will return to performance. The concepts of underestimation and breaking the net will be excavated by the market. You can see that the portfolio of large-cap stocks will be more uniform, so the expected annualized expected return of large-cap stocks will be more average.

Aggressive investors can choose small-cap stock funds, and the fund with the highest expected annualized return may still be the small-cap stock growth portfolio. Because the differentiation of small-cap stocks will be more serious, if you are unlucky, the expected annualized expected return of the wrong fund will be lower.

Steady investors can choose large-cap stock funds, and the overall expected annualized expected return level of such funds is not much different, so it will be easier to choose.