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UPS Partners
First Time MIP Incentive Award
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<blockquote data-quote="johnbuck" data-source="post: 1505679" data-attributes="member: 41855"><p>Maybe I am just naive but I am failing to understand the difference between the stock I am receiving as a MIP award and the stock they give me as part of my 401K match? So this would not be the first UPS stock I own. While I usually keep some of the UPS stock in my 401K portfolio I also often trade it in for different assets in my 401K. I am far from a financial genius but it does not sound like the best idea for me to have a 401K portfolio made up of 50% of one stock no matter what company it is.</p><p></p><p>Honestly I am not sure what I am going do with the MIP award. Don't worry I don't plan on blowing it all on a fun week out on the town. I thought about putting it in my savings account for 'short term' savings but it might make more sense to leave it as stock as I would see better gains then the couple of cents of interest my savings account gets. I also have thrown around the idea of trading some of it in (maybe $500-750) for other stocks and playing the 'day trader' stock trading game. Its been something I've been wanting to do for a while and just haven't had the extra funds to do it.</p><p></p><p>Lastly, can they really look to see if I have sold my stock and would it hurt my chances of further advancement? Personally, that doesn't sound far and like I have stated above I have traded in my 401K match stock and it didn't prevent me from this promotion. I would eventually like to advance within the company.</p></blockquote><p></p>
[QUOTE="johnbuck, post: 1505679, member: 41855"] Maybe I am just naive but I am failing to understand the difference between the stock I am receiving as a MIP award and the stock they give me as part of my 401K match? So this would not be the first UPS stock I own. While I usually keep some of the UPS stock in my 401K portfolio I also often trade it in for different assets in my 401K. I am far from a financial genius but it does not sound like the best idea for me to have a 401K portfolio made up of 50% of one stock no matter what company it is. Honestly I am not sure what I am going do with the MIP award. Don't worry I don't plan on blowing it all on a fun week out on the town. I thought about putting it in my savings account for 'short term' savings but it might make more sense to leave it as stock as I would see better gains then the couple of cents of interest my savings account gets. I also have thrown around the idea of trading some of it in (maybe $500-750) for other stocks and playing the 'day trader' stock trading game. Its been something I've been wanting to do for a while and just haven't had the extra funds to do it. Lastly, can they really look to see if I have sold my stock and would it hurt my chances of further advancement? Personally, that doesn't sound far and like I have stated above I have traded in my 401K match stock and it didn't prevent me from this promotion. I would eventually like to advance within the company. [/QUOTE]
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