American Growth Mutual Fund – AMREX is a mutual fund with an expense ratio of 15.17%. It invests in marijuana stocks. It has the worst Morningstar rating possible. It has lost 17% per year over the last three years during a positive stock market.
It is "managed” by Tim Taggart of World Capital Brokerage. There is another fund here (Series 1). The expense ratios range from 5 to 8.95 percent. The average expense in the US is 1% per year. The main problem here is Tim Taggart. "Where there is smoke, there is fire.”
