I sold it in 2007 it was around $75
Anyone purchasing UPS Stock via Payroll?
- Thread starter teeitupmo
- Start date
Jkloc420
Do you need an air compressor or tire gauge
u would of made more money then Dave and you could of rubbed it in his face
I made a lot on it. I owned it before the split.
ManInBrown
Well-Known Member
I just started with the stock a year ago and have about 15 shares. With the reinvesting the dividends I only get a check a few times a year for maybe 15 or 20 bucks. I'm assuming the reinvesting only makes a big difference when you're getting a bigger check?
UpstateNYUPSer(Ret)
Well-Known Member
I have 732 shares of Apple, the bulk of which were bought at $95/share. Apple closed at $148.57/share yesterday.
Jkloc420
Do you need an air compressor or tire gauge
it all adds up and 15 to 20 bucks every 3 months isn't going to be noticed if you reinvest
Jkloc420
Do you need an air compressor or tire gauge
good job, you chose wisely
UpstateNYUPSer(Ret)
Well-Known Member
Brownslave suggested I sell at $130.
It's like compounding interest. Do it long enough and it can add up.
Jkloc420
Do you need an air compressor or tire gauge
like marriage
You will never go broke by taking a profit.
brett636
Well-Known Member
I started purchasing UPS Stock through the DESPP back in 2003 when I was part time. As already stated the discount back then was 10% of the lowest stock price on either the first or last day of the quarter. Its now 5% off the price of the last day of the quarter and has a 2 year hold which was put in place to force us to keep the stock rather than just sell it and take the instant gain on our money. I have yet to sell any of my stock and continue to purchase it to this day. Right now I am at $30 a week and will probably leave it there for the foreseeable future. Basically a little less than one hour of my time per week is used to buy stock at a slight discount and I reinvest the dividends as well. I sometimes question if I could do better with that money elsewhere, but its not a lot per week and its fun to watch the dividends grow every year so I have left it alone. Maybe one day I will cash in all my stock and put the money into some mutual fund investments, but for now I will continue buying.
I was planning to do that to start with. But, fine print makes it sound like you can take changes, other than via HR, if you desire another amount.
I can't get an answer as to whether the payroll deduction is before or after taxes.
It's after taxes
UpstateNYUPSer(Ret)
Well-Known Member
Thanks
Cool. Thanks.
Unfortunately he wouldn't get the 5% discount on the UPS stock . That is a great idea for any other stock holdings.
upschuck
Well-Known Member
He'd make that up and more if held over time.
