UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 2012

[oldngray]

Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20

You can believe what you want. I am tired of arguing. But in my case I am paying lower fees now with the added benefit of other perks I get where I invest. I used to have most in S&P index fund when it was in UPS 401k plan. Good return, low but the administrative fees Prudential charged ate into that. I now actively manage my investments myself, and most are long term ( an example would be with no load if I leave invested for a period of 12 months for example ), but I diversify. I also have money in a non retirement account I invest in but need to watch the capital gains when I adjust the portfolio.

 

[brownboyups]

Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20

sold AI...very unstable
now i have just over $7,500 in trade cash
going to use that money to buy RNO tuesday as a trade
going to announce dividend around 7-25-13

RNO $13.07
RHINO RESOURCE PARTNERS LP COM UNIT REPSTG LTD PARTNER Stock Quote RNO | DailyFinance
dividends
RHINO RESOURCE PARTNERS LP COM UNIT REPSTG LTD PARTNER Dividends RNO | DailyFinance

undervalued in my opinion
will sell all shares just before the EX date

 

[brownmonster]

Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20

sold AI...very unstable
now i have just over $7,500 in trade cash
going to use that money to buy RNO tuesday as a trade
going to announce dividend around 7-25-13

RNO $13.07
RHINO RESOURCE PARTNERS LP COM UNIT REPSTG LTD PARTNER Stock Quote RNO | DailyFinance
dividends
RHINO RESOURCE PARTNERS LP COM UNIT REPSTG LTD PARTNER Dividends RNO | DailyFinance

undervalued in my opinion
will sell all shares just before the EX date

​After reading the last 2 pages on this thread this is a refreshing change of subject. Not that I read it though.

 

[Overpaid Union Thug]

After comparing the fees (Jones was right) ,10 year and 5 year track records of the Prudential Roth to Roth IRAs of Vanguard and my bank's (USAA) I decided to take Dave Ramsey's advice and skip the 401K for now. I'm still only investing 8% of my income but I started adding my raises to my contributions last year. I will be up to 15% with future raises and once my wife starts working again.

 

[brownmonster]

Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20

After comparing the fees (Jones was right) ,10 year and 5 year track records of the Prudential Roth to Roth IRAs of Vanguard and my bank's (USAA) I decided to take Dave Ramsey's advice and skip the 401K for now. I'm still only investing 8% of my income but I started adding my raises to my contributions last year. I will be up to 15% with future raises and once my wife starts working again.

So you're skipping the 401k yet increasing your contributions?

 

[Overpaid Union Thug]

After comparing the fees (Jones was right) ,10 year and 5 year track records of the Prudential Roth to Roth IRAs of Vanguard and my bank's (USAA) I decided to take Dave Ramsey's advice and skip the 401K for now. I'm still only investing 8% of my income but I started adding my raises to my contributions last year. I will be up to 15% with future raises and once my wife starts working again.

So you're skipping the 401k yet increasing your contributions?

Yep. 8% into the Prudential Roth instead is 4% into the 401K and 4% into the Roth. I wanted to open an IRA through an outside service and max it out and put the difference (of the percentage of what I already contribute) into the 401k but the fees,track records, and fund choices didn't impress me.

 

[brownboyups]

Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20

sold AI...very unstable
now i have just over $7,500 in trade cash
going to use that money to buy RNO tuesday as a trade
going to announce dividend around 7-25-13

RNO $13.07
RHINO RESOURCE PARTNERS LP COM UNIT REPSTG LTD PARTNER Stock Quote RNO | DailyFinance
dividends
RHINO RESOURCE PARTNERS LP COM UNIT REPSTG LTD PARTNER Dividends RNO | DailyFinance

undervalued in my opinion
will sell all shares just before the EX date

bought 550 shares today @$13.21...closed $13.28
RHINO RESOURCE PARTNERS LP COM UNIT REPSTG LTD PARTNER Stock Quote RNO | DailyFinance
every point up or down $5.50
----------------------------------
YTD...+18%....+$22,249.98

 

[brown metal coffin]

Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20

Why didn't you transfer your funds online?

Was just looking in my 401k and I don't see the option to do that. How do I get to the "self managed" within that website?

 

[UpstateNYUPSer(Ret)]

It's on the right hand side of the home page.

 

[brown metal coffin]

It's on the right hand side of the home page.

Still don't see it...

 

[IVE GOTTA PACKAGE 4U]

Still don't see it...

 

[brown metal coffin]

View attachment 18752

Oh My. That is why I don't see it because I don't have that on my screen under E-Documents. You must have to initially set the account up over the phone for that to pop up because I do not see a place where that can be set up online either. Thanks for pointing that out. Appreciate it.

 

[IVE GOTTA PACKAGE 4U]

Oh My. That is why I don't see it because I don't have that on my screen under E-Documents. You must have to initially set the account up over the phone for that to pop up because I do not see a place where that can be set up online either. Thanks for pointing that out. Appreciate it.

No problem.

 

[upschuck]

View attachment 18752

I don't have that bottom part either.

 

[IVE GOTTA PACKAGE 4U]

I don't have that bottom part either.

Does that upset your wife?

 

[upschuck]

Does that upset your wife?

You are not right. The wife does say "I've gotta box 4U"

 

[IVE GOTTA PACKAGE 4U]

You are not right. The wife does say "I've gotta box 4U"

Hey! You left me an empty netter. Had to take a shot!

 

[upschuck]

Hey! You left me an empty netter. Had to take a shot!

I did indeed.

 

[IVE GOTTA PACKAGE 4U]

I did indeed.

Back on track here. I probably have that screen,because I used to have a self managed account. I dont have one,now.

You need alot of time to research stocks and make trades. You can make some great investments. You can also ruin your savings,if you are wrong!

 

[upschuck]

Back on track here. I probably have that screen,because I used to have a self managed account. I dont have one,now.

You need alot of time to research stocks and make trades. You can make some great investments. You can also ruin your savings,if you are wrong!

I think they also charge more, then if you signed up for an online brokerage account. That is why I never did it that way.