One view of American Century Giftrust
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[Posted on the FundAlarm Bulletin Board by Timmy the zero-based below-average Bear, June 28, 1999]

Hi! There's a posted conversation back about June 1 or so about Am. Century GIFTRUST, and what a crappy mutt fund it has turned out to be, and how the shareholders are up in arms, and now let's all storm the front gates -- & fire off a class-action lawsuit to get our money OUT.

This all gives me, one of the sharpest minds of this Millennium or any recent 3-month period, pause. Perhaps I's missing someting.

What a country. Didn't get the results you wanted? Get thyself a attorney and SUE! How litigious,eh?

Was GIFTRUST clear and accurate in its prospectus as to the 10-year nature of the irrevocable Trust?

Did it mention volatility and risk?

Anyway, you must have liked something about it -- you signed up, sent in yer money, and now that it has not panned out like you had hoped, you want to back all the way OUT.

Ah feel your pain. But ... it WAS a CONTRACT, wasn't tit? Hello??

Does personal integrity commit you to stand by your original decision, and fulfill your part of the Contract? Rather than hire some sleazy, slimy, opportunistic greaseball juco drop-out Lawyer (me) to take up for you.

Life's tough, but it's tougher when things don't go your way. Please considering riding out the Giftrust "storm."

a) If GIFTRUST turns around, fine.
b) If it continues to suck, well, them's the breaks, pal. Better days are coming.

Either way, chalk it up to experience.

Most mutt funds, you can bail at your whim. BUT however!! When you sign up for 10 YEARS, hey! that's how long it should last, eh?

What am I, with my room temperature IQ, missing here?

Git mah drift? Thanks for hearing me out. No offense.

Full disclosure: I once owned some 20th Century funds but it's been over 10 years since I sold 'em. As for Giftrust, I own NONE -- but the more complaining I hear about it, the more appeal it takes on.

And when ah DO buy Giftrust, I will follow through to the fulfillment of the CONTRACT. period. Weasel that i am, I ain't wiggling out of this one.

Take yer lumps like a man, Lady!
---Timmy the pompous posturing part-time Party Planner from Poppatopp, Pa.

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