Now, I know this question isn't specifically about 403bs, but my 403b is the vehicle that I will be using to invest in these funds. So I hope that I'm not upsetting anyone with this somewhat off-topic post.
What is the difference between a mutual fund that is classified as a Growth Fund and one that is classified as a Value Fund?
I've been trying to do some research on getting into some higher risk funds such as Small-Cap stuff and possibly international emerging market stuff. I see the 9-square style box on a lot of funds, but I don't know what the categories mean.
The small-caps for Vanguard are broken down into several funds:
Small Cap Growth Index
Small Cap Index Fund (Blend Fund, I think)
Small Cap Value Index
Small Cap Tax-Managed (this I have no idea about)
Which is better?
My wife and I are both 30 years old, so we have a lot of time to invest.
We don't have any kids yet, so we have a fair amount of $$$ to put away (at least right now we do.)
Thanks for your help!