I am pastor of a church in Arkansas, and we have about $32,000 in an account for one of the ministries we will be starting next year. Instead of letting the money sit in a savings account, I thought it might be better to drop it into a mutual fund, such as CGM Focus. What do you think?
CGM Focus has been a fabulous performer (with an annualized return of 26% over the past five years). But you’d be putting way too much faith in its manager, Ken Heebner, and the stock market in general, to invest money that you'll need in a year.
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