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A retired friend of mine, who lives many states away and has something over $1M in his portfolio, told me about 6 months ago that he was buying 3D printer stocks. He didn't say how much, but if someone wanted to gamble with 5% - 10%, have at it.
Eh, good luck, but I'll stick with my stodgy old auto-pilot mutual funds, keeping me properly diversified and allocated. Jumping on bandwagons has never been my style.
With $2.9 million of assets and an expense ratio of 1.50% on the retail share class, they're dragging in at most $45K of revenue. After deducting trading costs and what they undoubtedly had to pay Schwab to be a OneSource fund, you'd have to guess the fund manager does this in his spare time on the weekend, since he is after all the CEO of a media company in addition to having day to day responsibility for the fund. Considering his background, all $2.9 million of AUM might be his own!
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A retired friend of mine, who lives many states away and has something over $1M in his portfolio, told me about 6 months ago that he was buying 3D printer stocks. He didn't say how much, but if someone wanted to gamble with 5% - 10%, have at it.
Eh, good luck, but I'll stick with my stodgy old auto-pilot mutual funds, keeping me properly diversified and allocated. Jumping on bandwagons has never been my style.