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401 k vs. U.P.S. stock
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<blockquote data-quote="feederdriver06" data-source="post: 660474" data-attributes="member: 19057"><p>Where you put your money should depend on what your trying to accomplish. Company stock would be a loooong term thing - for me I made my money on the company stock and sold while it was high. I got what I wanted and got out and have never looked back and won't put any money there again-I'm not down with the loooong term thing. The 401k I like, and once again , it depends on what you are trying to accomplish. I went 100% stable value fund back in 2001 when the market started to melt down and have never looked back. I put between 250.00 to 300.00 a week in my account. ALL of my money since 2001 that I have deposited in there is still there. I lost NOTHING with the recent collapse of the stock market. I am very happy with a 2-5% return on my money and am on target to hit my personal desired dollar amount at retirement. The only thing I want to accomplish with my 401k is that all of my money that comes out of my paycheck weekly that I put there I want to be there when I retire(stable value fund is the best option for this IMO). I have absolutely zero concern with how much gain I make on my money and at the same time there is nothing for me to have to actively manage. This is perfect for me but may not be perfect for someone else.<img src="/community/styles/default/xenforo/smilies/FeltTip/wink.png" class="smilie" loading="lazy" alt=":wink2:" title="Wink :wink2:" data-shortname=":wink2:" /></p></blockquote><p></p>
[QUOTE="feederdriver06, post: 660474, member: 19057"] Where you put your money should depend on what your trying to accomplish. Company stock would be a loooong term thing - for me I made my money on the company stock and sold while it was high. I got what I wanted and got out and have never looked back and won't put any money there again-I'm not down with the loooong term thing. The 401k I like, and once again , it depends on what you are trying to accomplish. I went 100% stable value fund back in 2001 when the market started to melt down and have never looked back. I put between 250.00 to 300.00 a week in my account. ALL of my money since 2001 that I have deposited in there is still there. I lost NOTHING with the recent collapse of the stock market. I am very happy with a 2-5% return on my money and am on target to hit my personal desired dollar amount at retirement. The only thing I want to accomplish with my 401k is that all of my money that comes out of my paycheck weekly that I put there I want to be there when I retire(stable value fund is the best option for this IMO). I have absolutely zero concern with how much gain I make on my money and at the same time there is nothing for me to have to actively manage. This is perfect for me but may not be perfect for someone else.:wink2: [/QUOTE]
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