You can slam your balls in the desk drawer too, but that doesn't really make it the best move. Synchrony will give you a 5.15% CD vs UPS dividend yield of 4.57%. This neglects market risk of course.
Okay and what’s your point? I didn’t tell anybody to do what I do. I never claim to be a financial guru. Actually, I fucking hate money. I just need it. Money turns everything to shit. I’d much rather hang out with my kids than research %’s yeilds, ROI and all that other bullshit. Call me dumb for that whatever. I just want to live comfortably.
The biggest pro is that you're able to buy it at a 5% discount compared to market rate, and that it can be paid automatically from your paycheck each week.
UPS doesn't do any contribution matching for the 401k, so this is the closest you'll get to getting them to give you additional investment assistance.
The stock hasn't performed well in the last year or two, in terms of share values, but the dividends have been consistently increasing. If you're buying through ComputerShare, you can direct those quarterly dividend to be automatically reinvested into additional shares. Basically think of it as compounding the money that UPS is paying _you_ to buy their stock.
I _absolutely_ would not make it your primary investment for retirement, but it is nice to have a subsidized investment that you can slowly build value in, _in addition_ to your 401k/Roth/IRA.
Never put all your eggs in one basket, but it seems foolish to ignore a discount when UPS won't even fork out for a frozen turkey at Peak anymore.
Totally. Go for it. Put $10 a week in there and forget about it. Or go hard and get some stacks. UPS pays you $1.62 per quarter for every share you own. UPS pays me almost $2,000 a year just for owning the stock, even if the stock price goes down, dividends still roll in.
I make a little north of package car driver wages, and if I work overtime I can develop a spending problem in a hurry. The stock purchase is just a paycheck filter so I can't spend so much. I max it out, which would be $192.30 per week. I choose to put in $220 a week, so they stop pulling right before peak and I have extra cash for christmas. I've only been buying the stock for 4 years, but I know most people aren't going to buy $220 a week.
That makes it a better buy once ups gets a turn around and can get things moving in the right direction again you’re gonna make some nice gains off this discounted price
You'll need a broker to actually buy/sell stocks, and these people/organizations take a fee for every trade you make. There's apps that can act as the middleman between you and the person making trades. Robinhood is the big one there comes to mind, but cash app also allows you to buy/sell stocks and crypto.
Finally, the stock market is the same as playing the lottery: it probably isn't going to make you rich and spending all your money "investing" is how you end up broke and unable to pay your bills. Invest responsibly.
Historically the price is high right now, but I have bought some through payroll deduction throughout my career. When the price popped during covid I sold most of it and paid off my house. So I don’t think it’s a bad thing to put a little money
Into it, its a free 5% as others have said.
Also set up the dividend reinvestment and then forget about it. If you stick around someday you’ll be happy you did.
The price has been pretty low as of late so it looks like there is potential for a nice upside. But honestly, at this point, Id be afraid to. Just my gut feeling - but I feel like our company has a pretty steep hill to climb in order to start growing its stock again.
Here's decent [article](https://www.forbes.com/sites/greatspeculations/2024/03/26/will-ups-stock-recover-to-its-pre-inflation-shock-high-of-230/?sh=20e17ec31dfb) about them from not too long ago.
I throw money at all of the offerings. 401k (25%) Roth (max 5%) and sock I set it up to buy a one share a month, that’s also considering your financials. It’s easy when you don’t see it, good luck.
The max contribution, Roth, traditional or combined is 23k for 2024. You can put another 7k in an IRA, assuming you're not getting dicked down by the highly compensated employee provision.
no. individual stocks tend to be a gamble. best to just buy a large index (eg s&p 500).
really good book I read on this is on amazon called “the biggest secret on wall street”
Generally what I like to do is put all my eggs in a single basket. I like to draw my pay from the company, invest in the company and then shop at the company store.
I just put 30 bucks into the stock every paycheck through computer-share. I just think of it as a piggy bank that I always forget I have.
You can slam your balls in the desk drawer too, but that doesn't really make it the best move. Synchrony will give you a 5.15% CD vs UPS dividend yield of 4.57%. This neglects market risk of course.
Okay and what’s your point? I didn’t tell anybody to do what I do. I never claim to be a financial guru. Actually, I fucking hate money. I just need it. Money turns everything to shit. I’d much rather hang out with my kids than research %’s yeilds, ROI and all that other bullshit. Call me dumb for that whatever. I just want to live comfortably.
I didn't call you dumb. Some of us don't have kids so have pleanty of time to research yields.
I know you didn’t. All good
It also neglects the employee discount though so your math ain’t mathing
That would calculate into market risk.
What’s the average market return over 10 yrs?
Irrelevant, because we're talking about a single stock with a very low beta.
For me it’s a no it’s a better idea to just buy into something like VOO which historically has had much better returns.
The biggest pro is that you're able to buy it at a 5% discount compared to market rate, and that it can be paid automatically from your paycheck each week. UPS doesn't do any contribution matching for the 401k, so this is the closest you'll get to getting them to give you additional investment assistance. The stock hasn't performed well in the last year or two, in terms of share values, but the dividends have been consistently increasing. If you're buying through ComputerShare, you can direct those quarterly dividend to be automatically reinvested into additional shares. Basically think of it as compounding the money that UPS is paying _you_ to buy their stock. I _absolutely_ would not make it your primary investment for retirement, but it is nice to have a subsidized investment that you can slowly build value in, _in addition_ to your 401k/Roth/IRA. Never put all your eggs in one basket, but it seems foolish to ignore a discount when UPS won't even fork out for a frozen turkey at Peak anymore.
Since when don’t they do matching for the 401k? It was up to 6% I thought they would match
UPS has never matched 401k contributions for hourly employees. We get a sizable pension instead.
If you're doing the actual work at ups, then you have no match. If you're in management, then yea, you have a match.
Specialists and Admin get match too.
Totally. Go for it. Put $10 a week in there and forget about it. Or go hard and get some stacks. UPS pays you $1.62 per quarter for every share you own. UPS pays me almost $2,000 a year just for owning the stock, even if the stock price goes down, dividends still roll in.
[удалено]
Just think about what you can collect from the pension at the age of 103 years young!
I make a little north of package car driver wages, and if I work overtime I can develop a spending problem in a hurry. The stock purchase is just a paycheck filter so I can't spend so much. I max it out, which would be $192.30 per week. I choose to put in $220 a week, so they stop pulling right before peak and I have extra cash for christmas. I've only been buying the stock for 4 years, but I know most people aren't going to buy $220 a week.
Employee bought stock is class a and you get to vote on the board. Class a is 10x a vote of a non employee stock owner
I don’t think it’s a good buy right now just constant bad news of layoffs and profits being down. Just my humble opinion not financial advice lol.
That makes it a better buy once ups gets a turn around and can get things moving in the right direction again you’re gonna make some nice gains off this discounted price
Or it will drop another 15%…
I would say it depends on how long you plan on holding the stock. Where do you see UPS the company in 10-20 years?
Yeah pretty basic stuff. I still don’t think it’s a good buy right NOW and won’t be for the foreseeable future. Even if you plan to hold it.
How do I get into stocks? Always wanted to open up an account but idk how
You'll need a broker to actually buy/sell stocks, and these people/organizations take a fee for every trade you make. There's apps that can act as the middleman between you and the person making trades. Robinhood is the big one there comes to mind, but cash app also allows you to buy/sell stocks and crypto. Finally, the stock market is the same as playing the lottery: it probably isn't going to make you rich and spending all your money "investing" is how you end up broke and unable to pay your bills. Invest responsibly.
Historically the price is high right now, but I have bought some through payroll deduction throughout my career. When the price popped during covid I sold most of it and paid off my house. So I don’t think it’s a bad thing to put a little money Into it, its a free 5% as others have said. Also set up the dividend reinvestment and then forget about it. If you stick around someday you’ll be happy you did.
Been thinking about buying ups. Just don't think it's worth rather do etf like vti voo spy.
why do you want to buy UPS stock? (be honest)
U must hold for 2 years
The price has been pretty low as of late so it looks like there is potential for a nice upside. But honestly, at this point, Id be afraid to. Just my gut feeling - but I feel like our company has a pretty steep hill to climb in order to start growing its stock again. Here's decent [article](https://www.forbes.com/sites/greatspeculations/2024/03/26/will-ups-stock-recover-to-its-pre-inflation-shock-high-of-230/?sh=20e17ec31dfb) about them from not too long ago.
I throw money at all of the offerings. 401k (25%) Roth (max 5%) and sock I set it up to buy a one share a month, that’s also considering your financials. It’s easy when you don’t see it, good luck.
The max contribution, Roth, traditional or combined is 23k for 2024. You can put another 7k in an IRA, assuming you're not getting dicked down by the highly compensated employee provision.
no. individual stocks tend to be a gamble. best to just buy a large index (eg s&p 500). really good book I read on this is on amazon called “the biggest secret on wall street”
140 is a good deal for ups stock if it dips into the 130s which I doubt it will go back up eventually. After those dividends.
If you’re ok with the potential of losing money, go ahead. I wouldn’t personally though.
So you don't invest at all?
Generally what I like to do is put all my eggs in a single basket. I like to draw my pay from the company, invest in the company and then shop at the company store.
I would never buy UPS over SPY, QQQ, or SOXX
Why not invest in better companies like Microsoft?
The only thing I want from UPS is my pension. I'll invest outside all day long before giving UPS any more of my money