Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Stocks
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Babagounj" data-source="post: 4072325" data-attributes="member: 12952"><p>Discounted stock is called Class A, stocks sold on the open market are called Class B and have 10% of the voting rights of a Class A. When selling Class A back , you will get an average price for that day, which UPS uses. You can transfer your Class A to a broker account to switch them to Class B and sell them at a price you like.</p><p>Now the question is do you wants to invest into the company that hired you. Unless you're going to stay for most of your lifetime, then I'd say yes. Because time is on your side. Now that has been said it would be wiser to invest in the 401K plan first , start at a modest sum ( with all future raises going directly into the 401K ). All monies spent towards 401K reduces your yearly taxable income. Once you reach 59 1/2 yrs old , you can start to with drawl monies, with a $10 fee and a tax rate of .7495 per $1000 deducted from your check. An example would be $30,000 really = $22,477.51. Remember that time is on your side , the longer you invest the better rate of return you will end up with. Do not stop investing especially when the markets are down.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 4072325, member: 12952"] Discounted stock is called Class A, stocks sold on the open market are called Class B and have 10% of the voting rights of a Class A. When selling Class A back , you will get an average price for that day, which UPS uses. You can transfer your Class A to a broker account to switch them to Class B and sell them at a price you like. Now the question is do you wants to invest into the company that hired you. Unless you're going to stay for most of your lifetime, then I'd say yes. Because time is on your side. Now that has been said it would be wiser to invest in the 401K plan first , start at a modest sum ( with all future raises going directly into the 401K ). All monies spent towards 401K reduces your yearly taxable income. Once you reach 59 1/2 yrs old , you can start to with drawl monies, with a $10 fee and a tax rate of .7495 per $1000 deducted from your check. An example would be $30,000 really = $22,477.51. Remember that time is on your side , the longer you invest the better rate of return you will end up with. Do not stop investing especially when the markets are down. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
UPS Discussions
Stocks
Top