For investors who venture beyond index funds to pick individual stocks, one of the most difficult initial tasks is to decide where to begin looking for stock picks. While some fundamental filters should be applied to any search for individual stocks, such as excluding penny stocks and narrowing your search to leaders in respective industries and sectors with viable competitive advantages, there's another filter that could help you refine your search even more: Consider buying some stocks in fast-growing industries.
A good company with a strong industry tailwind can help compound a stock's returns over the long haul.
Here are eight fast-growing industries worth considering investing in as part of a balanced portfolio.
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