Growth assets are investments such as shares, real estate, among other investments that are designed to grow an individual or firm's investments. Returns on these assets come from dividends from shares held, of from changes in company value. Due to frequent changes in company values, these investments are volatile, hence high risk which also equates to a higher rate of return over a lone period of investing.
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Growth assets are designed to grow your investment. They include investments such alternative investments and property. They tend to carry higher levels of risk, yet have the potential to deliver higher returns over longer investment time frames. Growth assets are expected to provide returns in the form of capital growth. For example, as a shareholder, you may receive income in the form of a dividend on the shares you own. However, the majority of the return usually comes from changes in the value of the company over time, as determined by its share price.