American Century Ultra – Stupid Investment of the Week

A while back I complained about American Century Ultra and how I was getting out of the fund. It appears that Chuck Jaffe over at Market Watch agrees with my assessment of the mutual fund (TWCUX) as he recently labeled it stupid investment of the week. His article offers more insight into the history of the small cap turned large cap fund and it’s downfall.

Don’t Make Excuses
Although total investments in the fund have dropped Chuck wonders why some people are still hanging on. He lists 5 common excuses people make for sticking with decent investments gone bad:

• It was good to me once.
• It’s really not so bad.
• I don’t want to pay the taxes.
• It can’t stay bad forever.
• I’m too busy.

If you find yourself holding on to any stinker investments, help talk yourself out of them by reading his response to each of these common excuses.

Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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