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UPS Union Issues
401k plan participation
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<blockquote data-quote="705red" data-source="post: 195993" data-attributes="member: 5229"><p>I see that several of you financial wizards here working for ups (probably for fun) understand how to invest for the future. Now let me ask you if you have ever made a bad investment? You are probably the same group that will max out your ups stock option. Buy it today for $70 a share sell it in 20 years for $70 a share, how much have you made? But you probably consider that a sound investment. The fact is you could have made more money in a 3% savings account, but your happy nothing was lost. Do you kick your selves for not making any interest? </p><p> </p><p>Now lets say that the cs plan invested in that bank at 3% over the same 20 years the plan would still be hurting today with that return. Right? Look we are all sorry for everyone in the cs plan, and have to find a fix, but accusing your teamster leaders of stealing it isnt proper.</p></blockquote><p></p>
[QUOTE="705red, post: 195993, member: 5229"] I see that several of you financial wizards here working for ups (probably for fun) understand how to invest for the future. Now let me ask you if you have ever made a bad investment? You are probably the same group that will max out your ups stock option. Buy it today for $70 a share sell it in 20 years for $70 a share, how much have you made? But you probably consider that a sound investment. The fact is you could have made more money in a 3% savings account, but your happy nothing was lost. Do you kick your selves for not making any interest? Now lets say that the cs plan invested in that bank at 3% over the same 20 years the plan would still be hurting today with that return. Right? Look we are all sorry for everyone in the cs plan, and have to find a fix, but accusing your teamster leaders of stealing it isnt proper. [/QUOTE]
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