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401k, how is yours allocated?
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<blockquote data-quote="I GOT ONE MORE" data-source="post: 941050" data-attributes="member: 5997"><p>I believe our 401k's our the same nationwide, but I'm not sure. With that assumption, I can convey some information for you.</p><p></p><p>The Teamsters UPS National 401k Tax Deferred Savings Plan is administered by Prudential. The Self-Managed Account is maintained, for whatever reason, by Dreyfus (a Mellon company).</p><p></p><p>I can access the Dreyfus account from a link on the Prudential site. </p><p>There is a link on the right side of the page under the heading 'Access Additional Accounts'.</p><p></p><p>If your Prudential page does not have a link, you will have to call Prudential to move forward in setting up the Dreyfus account.</p><p></p><p>Some caveats though,</p><p></p><p>If you don't know what the following represent.... bid/ask, market order, limit order, market cap, EPS, yield, moving averages, P/E ratios, ETF's, to name a few,</p><p>if you don't how to tell some one the difference between the NYSE, Nasdaq, S&P and the VIX, then</p><p></p><p>you should read up and understand everything before proceeding, </p><p>and if you do decide to set up an SMA, go slow, start small, like maybe 10% of your nestegg. And you should never stop learning, they is a lot to know and interpret and nobody knows it all.</p><p></p><p>It can be quite rewarding and fun maintaining an SMA, but one can lose their arse as well. It takes more time in research and periodical allocation.</p><p>Plus, trading fees can add up. </p><p>Personally, IMO, I think EVERY ONE of us should have an SMA because it forces you to get educated about your finances and that is empowering.</p><p></p><p>Good luck if you decide to go for it.</p></blockquote><p></p>
[QUOTE="I GOT ONE MORE, post: 941050, member: 5997"] I believe our 401k's our the same nationwide, but I'm not sure. With that assumption, I can convey some information for you. The Teamsters UPS National 401k Tax Deferred Savings Plan is administered by Prudential. The Self-Managed Account is maintained, for whatever reason, by Dreyfus (a Mellon company). I can access the Dreyfus account from a link on the Prudential site. There is a link on the right side of the page under the heading 'Access Additional Accounts'. If your Prudential page does not have a link, you will have to call Prudential to move forward in setting up the Dreyfus account. Some caveats though, If you don't know what the following represent.... bid/ask, market order, limit order, market cap, EPS, yield, moving averages, P/E ratios, ETF's, to name a few, if you don't how to tell some one the difference between the NYSE, Nasdaq, S&P and the VIX, then you should read up and understand everything before proceeding, and if you do decide to set up an SMA, go slow, start small, like maybe 10% of your nestegg. And you should never stop learning, they is a lot to know and interpret and nobody knows it all. It can be quite rewarding and fun maintaining an SMA, but one can lose their arse as well. It takes more time in research and periodical allocation. Plus, trading fees can add up. Personally, IMO, I think EVERY ONE of us should have an SMA because it forces you to get educated about your finances and that is empowering. Good luck if you decide to go for it. [/QUOTE]
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