What are the dividends like? I mean amount wise. Was thinking of maybe taking my tax check(a couple grand) and sinking it into UPS stock. Then just rolling the dividends into buying more for the next 25 years of my employment.
There are a lot of other stocks you can buy and have the dividends reinvest, some you only have to buy 1 share.
Google "Dividend reinvestment plans" and "direct stock purchase plans"
It's a good idea to diversify anyway. I buy UPS through payroll deduction, more for the ease than anything else, the 5% discount isn't really that great. You also have to declare 5% of the selling price when and if you sell as ordinary income.
I also buy IBM, Caterpillar, and GE, with direct stock purchase plans. I don't invest big bucks, just a steady $25 to $50 a month withdrawn directly out of my bank acct.
Some of these are through Bank of New York Mellon which is the agent for UPS employee stock purchases, some are through ComputerShare which recently purchased BNY Mellon.
I just find it's relatively pain free, and I get the advantage of dollar cost averaging and before you know it you have build up a nice little nest egg.
The "day traders" will tell you all about the deals they've made but I really don't have the time to research stuff. As I said before you know it you have a nice nest egg. (The day traders also don't usually brag about their losses.) I like the idea of buying companies that I like. A big part of the UPS thing is the convienence, and current dividends are I think 3% which beats savings accts.