How to find growth in barren markets

Despite the economic gloom, it may be time to give growth stocks another try, says Tim Bennett. Here, he explains how to pick the winners from the losers.

In today's troubled global economy, it's tempting to invest as defensively as you can. Sometimes it seems that practically every other fund manager in the market has given up worrying about capital growth in favour of recommending high-quality', if dull, blue-chip stocks that can pay a modest income in the form of a reliable dividend yield.

That's fine. We still like defensives and see nothing wrong with holding on to your dividend-payers. With Europe constantly on the verge of collapse, China looking wobbly, and Britain back in recession, there's plenty of scope for further scares in global markets. But you shouldn't ignore growth' stocks completely you just need to ensure you buy at the right time. And now could be one of those times.

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.