Quote Originally Posted by kiora View Post
"Growth fund will go down more often"
It may have higher volatility but go down more often?

If the right one is picked it is more likely to go up more often and by larger amounts than so called "low risk" funds. In my view the default funds are have a likely outcome of leaving the investor poor at retirement
Volatility - goes up and down.
So yes goes down more often - but has greater volatility would have said it better ;-)

And I agree that the default funds are a poor choice for most users.