As we enter 2025, many growth stocks are trading at high valuations and could be running out of room to rise in the near term. For long-term investors, now may be a good time to reevaluate the contents of your portfolio to see if it's worth potentially selling off some of your recent high performers and swapping in some cheaper growth stocks instead.

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If you're willing to put that $8,000 into a few riskier growth stocks instead, you could potentially double your money (or more) over the next decade -- or, unlike the CD, possibly suffer losses if things don't work out.