401K Self managed portion UPS stock

[IVE GOTTA PACKAGE 4U]

If you don’t invest no you won’t. I was sayin don’t take any dividends from your class A shares until they can pay a bill, For instance, right now UPS stock is trading between $100-$121 depending on the time of year. They pay dividends once per quarter or 4 per year. You would have to have aproximately $10,000 in class a stock to pay a dividend if the corporation pays out a dividend. $1.00 per share of 100 shares will put you at $100.00 at a one dollar dividend. So the more you buy the more it builds. The power in Class A stock is the voting power.

I have one share of UPS and FedEx in my brokerage account. That's all I want

 

[ManInBrown]

Where is the self managed option on the Pru website? I don’t see it? Never even knew we could buy stocks

 

[Damanmad]

I have one share of UPS and FedEx in my brokerage account. That's all I want

Might as well cash it in it won’t serve u.

 

[IVE GOTTA PACKAGE 4U]

Might as well cash it in it won’t serve u.

Hell no. I just play around with a few random stocks.

I had the stick when it was private and made my money on it.

Now it's just amusement

 

[CoolStoryBro]

Where is the self managed option on the Pru website? I don’t see it? Never even knew we could buy stocks

You have to set it up somehow. I did it years ago and don't remember exactly how. But theres a process and some hoops to set it up.

 

[CoolStoryBro]

Why not buy UPS stock and use the DESPP and use the self managed account
to buy other stocks?

I do purchase through the DESPP. A very tiny amount every check for many years.

However, in the 401k SMA I've purchased UPS stock several times. Whenever UPS tanks back to below 100 I'll pick up a few thousand $$ in shares. Then I sell when it gets back up near 120$.

Just bought a little bit more in the 401k SMA as the stock price is back in my price range.

 

[IVE GOTTA PACKAGE 4U]

I do purchase through the DESPP. A very tiny amount every check for many years.

However, in the 401k SMA I've purchased UPS stock several times. Whenever UPS tanks back to below 100 I'll pick up a few thousand $$ in shares. Then I sell when it gets back up near 120$.

Just bought a little bit more in the 401k SMA as the stock price is back in my price range.

I do that in my IRA. NO commission on trades

 

[Package Stick]

I do purchase through the DESPP. A very tiny amount every check for many years.

However, in the 401k SMA I've purchased UPS stock several times. Whenever UPS tanks back to below 100 I'll pick up a few thousand $$ in shares. Then I sell when it gets back up near 120$.

Just bought a little bit more in the 401k SMA as the stock price is back in my price range.

You would be better off buying long OTM options in a brokerage account.

Tomorrow I'm buying 2k worth of UPS Oct 16 2020 $110C. It's like buying 2000 shares. The stock is massively oversold right now.

 

[IVE GOTTA PACKAGE 4U]

You would be better off buying long OTM options in a brokerage account.

Tomorrow I'm buying 2k worth of UPS Oct 16 2020 $110C. It's like buying 2000 shares. The stock is massively oversold right now.

2000 shares?

 

[Jackburton]

2000 shares?

Options, he’s betting the stock will be up above $110 by expiration date, Oct 16. He’s paying a premium of about $2 per contract, each has 100 shares. So basically betting $4000 that it’s above $112/share by that time. It allows you to leverage your money but you pay a premium (Theta) to do that.

If it’s below $112 by options expiration, the 4k goes poof as exercising the option would be paying extra between actual stock price and the contract price, for a stock that’s worth less, so you let the option expire worthless. If it’s above the $112 break even point, he would make what ever the difference is X2000. So if it was $114, he’d make $4000, and so on.

 

[IVE GOTTA PACKAGE 4U]

Options, he’s betting the stock will be up above $110 by expiration date, Oct 16. He’s paying a premium of about $2 per contract, each has 100 shares. So basically betting $4000 that it’s above $112/share by that time. It allows you to leverage your money but you pay a premium (Theta) to do that. If it’s below $112 by options expiration, the 4k goes poof as exercising the option would be paying extra between actual stock price and the contract price, for a stock that’s worth less, so you let the option expire worthless.

I didn't read the key word... Options

Thanks Jack

 

[Jackburton]

I didn't read the key word... Options

Thanks Jack

NP, just chilling out here watching the world go in mass hysteria over a cold.

 

[IVE GOTTA PACKAGE 4U]

NP, just chilling out here watching the world go in mass hysteria over a cold.

Just picked up a couple of shares of UPS stock @$93.55 a share

 

[MattM]

I saw this a month or two back. Where is the self managed 401k option on prudential.com? It appeared to be an option along with all the other funds. Unless I mis saw that option

 

[oldngray]

There is a self managed account option but the fees can eat up potential profits.

 

[IVE GOTTA PACKAGE 4U]

There is a self managed account option but the fees can eat up potential profits.

That's why I don't use it anymore

Vanguard doesn't charge any fees for stock, bonds, ETFs

 

[Old Man Jingles]

I do purchase through the DESPP. A very tiny amount every check for many years.

However, in the 401k SMA I've purchased UPS stock several times. Whenever UPS tanks back to below 100 I'll pick up a few thousand $$ in shares. Then I sell when it gets back up near 120$.

Just bought a little bit more in the 401k SMA as the stock price is back in my price range.

You would make more if you used FedEx for that approach.
FedEx beta is much higher than UPS.