SCHNEIDER-----Thoughts?

JD, never doubt yourself.

I have always done things by my own merit. After 18 years, I saw the writing on the wall, especially with outside new blood in the exec ranks, and decided it was time for me to find new pastures to graze in. I left that place, worked towards a degree (got my A. Sc. in Economics), completed my junior year in Finance, and saw that I was learning NOTHING, pertinent to actually doing the job anyway - only theory, and dated theory at that. All my life if I wanted to know something, I learned on my own. Half way through this last spring term, I got in an argument with one of my finance professors on a stock market strategy. He tried to tell me I could not use the strategy to make any money. I knew very well a person could because I had done it, and knew others that had as well. I asked him what strategies he used. He told me he does not invest because it is only a gamble. This is a PH.d. in Finance mind you. That did it for me. He was more the norm of professors, than the exception.

So here I am turning into a pumpkin, Lord willing, in the morning. I am in my hotel in Dallas right now. I will be meeting the shuttle at 6:30 in the morning.

 

Sorry but you can't do that:

2010 Combined Traditional and Roth IRA Contribution Limits
If you are under 50 years of age at the end of 2010: The maximum contribution that you can make to a traditional or Roth IRA is the smaller of $5,000 or the amount of your taxable compensation for 2010. This limit can be split between a traditional and a Roth IRA but the combined limit is $5,000. The maximum contribution to a Roth IRA and the maximum deductible contribution to a traditional IRA may be reduced depending upon your modified adjusted gross income (modified AGI).

If you are 50 years of age or older before 2011: The maximum contribution that can be made to a traditional or Roth IRA is the smaller of $6,000 or the amount of your taxable compensation for 2010. This limit can be split between a traditional and a Roth IRA but the combined limit is $6,000. The maximum contribution to a Roth IRA and the maximum deductible contribution to a traditional IRA may be reduced depending upon your modified AGI.

 

Well, here it is Saturday morning, and Hireright hasn't sent an answer. Not really surprising, eh?

 

That is per person. If married he can open one in the spouse's name for a combined total of ten grand.

 

Thanks for the vote of confidence, but it is hard for me to give advice. People have individual risk tolerances and what may be good for one, might be extremely uncomfortable to the other.

They explained here at Schneider that 401K match does not kick in until you are at the company six months. They are returning to the company match very soon. I personally will fund my 401K to take advantage of the matching funds - and no more. I would also fund an IRA to the government's legal limit. Between the two, you get tax savings on both sides and have a double area for retirement. Plus, as I stated in another post, if you have a good marriage, you can fund an IRA in your spouse's name for double the IRA government's annual limit. I personally like "Self-directed" IRAs. I am not much on mutual funds, and prefer to use ETF's (Exchange Traded Funds) instead. They trade like stocks, but have diversity like a mutual fund. My risk tolerance may be a bit more risky than some. I rarely hold onto a stock more than year - more like six weeks to six months. I also play options, which if you don't know what you are doing, one can lose money very fast.

It is rare that someone cashes out like a slot machine in stocks. It happens, but one cannot have that expectation. There is a lot of homework involved in researching companies, keeping up with charts, looking at the big picture of economic and traditional news and how they all inter-relate to see the big picture and how a piece of news may affect an individual stock of industry. That is why I earlier stated I will not use my education to make a living. It is time consuming enough to do my own research. I don't have time to drive AND research for myself and others. I am not trying to be an #ss, I am only being realistic in my time. I honestly enjoy sharing anything I have learned, but it does not take the place of one gaining knowledge on their own. Also, you have to work the stock market by percentages. There is no one that wins 100% of the time. You have to evaluate what percentage a stock is going to move in one direction or another. Now the percentage does not need to be exact, but it needs to be more than 60%. The attitude when money is lost is that it is the cost of doing business - just like if you were running your own store and have to buy inventory. Emotion has to be taken out of the equation, and that is hard. People are naturally emotional about money. When emotion takes over, that is when mistakes are made. One needs to develop a set of rules, or system mind you, follow the system precisely, and trust that it works. If it does not, figure out why it does not, and tweak as needed. Leave emotion in the other room.

There is a forum thread on the main page devoted to stocks and market conditions. You may be able to get a lot of info there as well from probably more knowledgeable people than me.

I hope my little tidbit of info was helpful.

Take care and good luck.

 

Hi, John
I was advised from our consumers department that it is not required by law it's optional by the prospective employer. Have a great day !

Sincerely ,

Customer Service Representative
HireRight
Toll Free:800-322-9651
Email: [email protected]

Hire Safe. Hire Smart. HireRight.

OK, here is the answer I received from HireRight, the DAC people. Seems it would be a rather not so nice thing for a company to report the failed screening. I guess it would a judgment call.

Don't take this wrong anyone, I don't want a drug abuser out there anymore than anyone else.

The ONLY modification I made, was to remove the lady's name from the letter. I didn't want to violate any privacy issues.

 

how do you stay cool in the summer in a pumpkin?

 

That is why I left there..................

treated lower than whale waste.....

 

Roll the window down.

Raid3r