question about stock purchase

15 per pay ...stock is 27 per share? your short 12 bucks no discount on stocks but stock prices go up an down just be worried if your 15 bucks gets you 15 shares time to run really fast out of that stock purchase plan

 

they liquidated and closed there doors. much like a lot of companies did when the economy went south. they got more that way then trying to sell. someone did buy the name though and is carrying on with the name on the internet.

there was another fortune 500 company that also closed their doors. can't remember the name though.

 

mine vcame with a discount. can't remember how much. but stock is usually purchased out of the company allotment. what they own. not off the stock exchange itself. least, that's how mine worked.

 

You're scared of a 401k but want to get involved in stock purchase? Here is investing 101:
1. 401k up to company match
2. Roth IRA with low fee index funds. Vanguard is the best.
3. 401k up to contribution cap
4. Stock purchase, money market, mutual funds, etc, anything that you will pay capital gains on should be lowest priority.

Since the cap on 401k contributions is $17,500 per year and a Roth IRA is $5,500, you probably won't have a lot left over after taking care of those. Unless you tyson drivers make a lot more than I thought you did!

 

no bonds?>??

 

With the current interest rates on bonds, you're almost gauranteed to lose money due to inflation. Might as well squirrel cash under a mattress.

Pete: Find out more about the company's stock purchase program. Is there is a discount compared to market value? How easily can you sell if the need/desire arose? Then decide if you like the company -- do you want to become part owner in it? Then decide if the stock is priced appropriately (if you pay too much for the best company you won't have good returns).

I know you asked about books a few months back, but it sounds like you haven't read even one. Pick up "One up on Wall Street" by Peter Lynch and start reading. It isn't perfect; but its a good start that isn't too heavy on technicals like "Security Analysis" or "The Intelligent Investor."

Good investing takes work -- that is why most wealthy people have money managers. If you're not willing to do the work to pick individual stocks stick with ETF's that track the S&P 500, Russel 2000, Etc or conglomorates like Berkshire Hathaway (which owns BNSF railroad 1849, Fruit of the Loom 1856, Heinz Ketchup 1876, Benjamin Moore 1886, Mars foods 1911, Sees Candies 1921, Geico 1936, Shaw Industries 1946, etc along with large stakes in CocaCola, IBM, Bank of America, Wells Fargo, Carmax, American Express...)

The good news is OTR truck drivers have a unique first look at the economy, shipping from and delivering to public companies all the time. Asking workers "is it always this (busy, slow, etc)?" and "how do you like it here?" can tell you things the passive public won't know until some talking head reads the next quarterly report and condenses it to a headline.

 

If you take a loan from your 401k, the money you borrowed only gains the interest you pay back with it. It is best to avoid raking a loan unless there is no other option.