This is where the highest rates of growth will be. During times of dramatic technological change, these tend to be very different industries than in the past. In our view, the U.S. is going through a period similar to the early 1900s, when the telephone, electric motors and automobiles were new and unfamiliar technologies, too. IPS Millennium Fund is a no-load fund . This means there is no sales charge - you are buying the fund directly from the management company, without the broker's markup found in so many funds with a sales load.
All funds do, however, charge management fees.
They cannot be understood using reductionist thinking. Such systems respond as a whole, in ways that are not even theoretically predictable. We view the economy as a Complex Adaptive System , similar to a biological ecosystem . This results in dramatically different predictions of how society and the economy respond to changes, compared with the predictions of classically trained economists, who view the economy as a simple, predictable, controllable machine. Learning curves, corporate ecosystems, and punctuated equilibrium are some of the highly useful, purely biological concepts not derivable from classical economics, and that could easily have been used by anyone to predict Microsoft's, Intel's and Cisco's dominance of their industries.