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<blockquote data-quote="pretzel_man" data-source="post: 314852" data-attributes="member: 927"><p>Channahon:</p><p> </p><p>I seem to be much better at taking care of UPS' money than my own. I still own way too much UPS stock and because of that, I've seen my net worth stay flat for quite some time.</p><p> </p><p>Like you, I do not suggest to the people that report to me that UPS stock is a great investment right now. I don't see the growth there that I received.</p><p> </p><p>I think the non growth of stock is a major issue and the cause of most of the resentment in the ranks. </p><p> </p><p>The old thought that you should get UPS stock and keep it forever is not practical today.</p><p> </p><p>However, there is something that we were taught that is still applicable now.</p><p> </p><p>We got MIP, pretended it didn't exist, and watched it grow over a long career. This needs to remain as a concept.</p><p> </p><p>Our young supervisors should get their MIP, put it in a 401k, IRA, other investment, and maybe some of it in UPS stock at a 10% discount.</p><p> </p><p>My big concern is when I see supervisor after supervisor take their MIP in cash.</p><p> </p><p>I know that they have bills, needs, and mortgages. So did you and I. After 30 years of saving, retirement looks safe and secure. </p><p> </p><p>They need to see it that way.</p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 314852, member: 927"] Channahon: I seem to be much better at taking care of UPS' money than my own. I still own way too much UPS stock and because of that, I've seen my net worth stay flat for quite some time. Like you, I do not suggest to the people that report to me that UPS stock is a great investment right now. I don't see the growth there that I received. I think the non growth of stock is a major issue and the cause of most of the resentment in the ranks. The old thought that you should get UPS stock and keep it forever is not practical today. However, there is something that we were taught that is still applicable now. We got MIP, pretended it didn't exist, and watched it grow over a long career. This needs to remain as a concept. Our young supervisors should get their MIP, put it in a 401k, IRA, other investment, and maybe some of it in UPS stock at a 10% discount. My big concern is when I see supervisor after supervisor take their MIP in cash. I know that they have bills, needs, and mortgages. So did you and I. After 30 years of saving, retirement looks safe and secure. They need to see it that way. P-Man [/QUOTE]
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