UpstateNYUPSer(Ret)
Well-Known Member
S&P 500 and Russell 2000. I guess I do own UPS stock.
Are there still tax consequences on dividends if you choose to reinvest them rather than take them as a check?
UPS Chief Executive Gets Raise
- Thread starter chris24
- Start date
S&P 500 and Russell 2000. I guess I do own UPS stock.
Are there still tax consequences on dividends if you choose to reinvest them rather than take them as a check?
moreluck
golden ticket member
This site talked about simplifying your tax records.....
http://www.fivecentnickel.com/2011/01/26/why-you-shouldnt-automatically-reinvest-dividends/
This one is on the re-investing of dividends...
http://www.bargaineering.com/articles/why-you-should-be-reinvesting-dividends.html
http://www.fivecentnickel.com/2011/01/26/why-you-shouldnt-automatically-reinvest-dividends/
This one is on the re-investing of dividends...
http://www.bargaineering.com/articles/why-you-should-be-reinvesting-dividends.html
Just Numbers
Retired
Absolutely correct! But, let's say you buy 100 shares of UPS or Fedex stock and it goes up 1 dollar and then you sell. You just made $100.00 and will probably have tax consequences of let's say $25.00. So I'm sitting here with $75.00 more in my pocket then I had yesterday and will probably be able to buy it back in a few days at a lower price then I paid for it originally and start all over again, and again, and again. Some people like to sit on it and some people like to sell it over and over again. Please do not be loyal to any stock...you can always buy it back.
Just Numbers
Retired
You don't have to pay taxes on anything in your 401k until you withdraw from it. Talk with your accountant.
UpstateNYUPSer(Ret)
Well-Known Member
These were two separate statements. The first was in reply to your question as to my 401k investments. The second one was in reply to those who own UPS stock outside of a 401k. Sorry for the confusion.
pretzel_man
Well-Known Member
I was not at all trying to say that shareowners have seen long term wealth. Not at all. Those "greedy" shareowners have seen almost zero growth and I believe this is the true problem. Everything else is symptoms of that problem.
What I was referring to is this.....
Of the $10M Davis gets (yes, its a lot), over $8M of it is in "Restricted stock awards".
We have seen people complain that 1/2 of their MIP is in restricted stock awards. Over 80% of his compensation is restricted....
So, if stock goes down, that 80% will shrink. If stock goes up, that 80% will be worth much more....
I was pointing out that he has a significant personal incentive to see stock grow....
menotyou
bella amicizia
Could that be part of the reason for the direction of the company? Numbers matter, people don't?
pretzel_man
Well-Known Member
I have met Scott Davis many time. He is a very good man. Listen to things he says....
Numbers AND people matter. Its not one or the other.
Too many people find an EXAMPLE of something they don't like, or something wrong, or something improper and use that EXAMPLE to prove their point.
I don't play the EXAMPLE game.
Davis and other senior managers have to balance ALL constituents; houlry employees, management employees, customers, shareowners, communities, government..... Its not one constituent exclusive of all others.... Its a balance.
So, to answer your question.... Its not numbers instead of employees, but YES.... Numbers DO matter. Yes, Davis, Kuehn, Abney will definitely do things to bring shareowner value. Its in their best interest, and as a shareowner I hope it works....
menotyou
bella amicizia
Thank you for your reply. I haven't ever met the man, so it is nice to hear that we do matter. Tell him I need a favor!! HAHAHAHAHAHAHAHAHAHA!!! Just being a smartbutt. I completely understand that numbers matter, but it can't be the only thing. People who work for him need to matter to. I wish I could have a chance to have lunch with him, or just a drink. I think it would be interesting to chat with him. Seriously.
Enjoy your weekend, P-man. Make some french toast for those lovely grandkids of yours.
Just Numbers
Retired
If people do matter, and they should, then the BC will serve as a broad example on how Scott has failed. Not only hourly but also management. You can not treat people the same way over and over and expect a different result. Scott and the rest need to read the BC to see how their decisions and policies affect the people that make them the money.
menotyou
bella amicizia
By the way, your rep power # is the same as the zip code for Rodman, NY. I knew this tidbit would make your day.
pretzel_man
Well-Known Member
By the way, your rep power # is the same as the zip code for Rodman, NY. I knew this tidbit would make your day.
You have made me smile before.... You did it again today. Thank you....
menotyou
bella amicizia
Anytime.
moreluck
golden ticket member
OK, the time frame is questionable....how long does it take to increase a dollar ?? Sometime it's a day and sometimes it's months.
You didn't include your commissions for buying & selling.
Also, what about your cost basis?? Lots of UPS stock owners have a low cost basis and would get crucified with the tax consequences when doing what your're describing.
Options would be a better way of going and you don't actually have to own any stock......profit margin is larger.
You didn't include your commissions for buying & selling.
Also, what about your cost basis?? Lots of UPS stock owners have a low cost basis and would get crucified with the tax consequences when doing what your're describing.
Options would be a better way of going and you don't actually have to own any stock......profit margin is larger.
Just Numbers
Retired
It all depends on when you get in and at what price. Take a look at ups or fedex (and others) on their high/low for the day (you would be suprised). I use Scottrade $7 to buy 1 share or 1000 (volume does not matter). Cost basis can be a real problem (damn capital gains) but, what are you supposed to do (you can't take it with you) so just sell it slowly each year and plan for those taxes. I'm just not an options kind of person although, like anything else, you can make money. How about those bull put spreads!
dannyboy
From the promised LAND
Numbers
Now you are playing the numbers game, just like everyone accuses UPS doing. mis-using numbers to support your point of view, regardless of the honesty behind the numbers.
The stock price went sky high right after the initial public offering sale, because of a lot of interest in owning UPS stock, and people trying to make a killing. What would be a better comparison would be to take the stock price 6-8 months after that, and then when you add for splits etc, the stock price now is doing very well. So he is creating wealth.
Then take the UPS driver. There are very few jobs in the private sector that pay as well as a UPS driver. You will find that Registered nurses are paid almost as well as drivers. In many cases, a lot less, by 30%. And they have a degree.
So for what you bring to the table, you are very well paid for what you do, in comparison to many other jobs that make far less.
So if you want to compare your job to Scotts job, and what people with similar jobs and backgrounds make, he is still a bargain, where as the ups driver, not so much a bargain.
This is not to say you are not worth what you are paid, it is just comparing apples to apples, and not apples to watermelon.
d
Now you are playing the numbers game, just like everyone accuses UPS doing. mis-using numbers to support your point of view, regardless of the honesty behind the numbers.
The stock price went sky high right after the initial public offering sale, because of a lot of interest in owning UPS stock, and people trying to make a killing. What would be a better comparison would be to take the stock price 6-8 months after that, and then when you add for splits etc, the stock price now is doing very well. So he is creating wealth.
Then take the UPS driver. There are very few jobs in the private sector that pay as well as a UPS driver. You will find that Registered nurses are paid almost as well as drivers. In many cases, a lot less, by 30%. And they have a degree.
So for what you bring to the table, you are very well paid for what you do, in comparison to many other jobs that make far less.
So if you want to compare your job to Scotts job, and what people with similar jobs and backgrounds make, he is still a bargain, where as the ups driver, not so much a bargain.
This is not to say you are not worth what you are paid, it is just comparing apples to apples, and not apples to watermelon.
d
moreluck
golden ticket member
Hubby has been doing options and puts and has played it well this year.....extra few thousand a month always helps.
Griff
Well-Known Member
Give it a rest. Scott Davis is the worst **************** to ever attain any sort of power in this company's history. He cares nothing about people in operations, it sticks out like a raging sore thumb. You are just suffering from the same ivory tower syndrome as the rest of the Atlanta corporate hellspawn.
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kingOFchester
Well-Known Member
hate to tell ya, but the books in my center get cooked everyday.....
washington57
Well-Known Member
This may or not be true about pretzel but this line is hilarious.
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