I'm in my early 20s, very risk-tolerant, and am looking for a few ultra-aggressive investments for my IRA.So far, I've got some biotech stocks, some internet stocks, and an emerging markets mutual fund. This is just about the most aggressive collection of investments I can think of. (my 401k is all in the S&P500 index so I feel I can go further afield with my IRA.)Anyway, I'm considering adding one more investment: Junk bonds. But I'm not sure if these are appropriate for me. On the one hand, I've heard that they behave like equities and are considered "aggressive," unlike most bonds. On the other hand, I see that even the best junk bond funds over the last 10 years have an annualized return of 10%-12%... not that impressive.So are these appropriate for an aggressive investor with a 30-year horizon? Or would I be better served by putting the money into stocks?
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