Introducing UltraCrap, An Exercise In Stupidity
The idea just sort of popped into my head.... why not start up a second account for giggles and point out all of the incredibly bad investments in the market. So far this weekend I've amassed in excess of 160+ companies, funds, and investment vehicles which I suspect would make poor investments/trades in relation to the S&P 500.
Keep in mind that this new portfolio is just a running watch list of trades and investments that I think are poor ideas and not recommendations to mortgage your house against these plays. In addition, this secondary portfolio is done a lot in jest, especially since it will only contain short recommendations and was done on the challenge of some CAPSters who claimed a short only portfolio could not make it to the top. I have no clue if a short-only port will make it to the top, but I thought it'd be fun to give it a try. I will not be keeping track of this secondary portfolio nearly as much as my standard UltraLong portfolio, nor will I be posting commentary or blogs under this portfolio. As I said, consider this like a real-time watch list of the crappiest investing ideas on Earth. If you want to make any commentary on this portfolio, feel free to make your posts on my UltraLong blog board.
So without further adieu, let the fun begin..... I introduce you all to UltraCrap!