401k question
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10 posts • Page 1 of 1
401k question
by randy72560 » Wed Feb 14, 2007 1:29 pm
So, I got all my 401k set and I have some questions. Our 401k group (Putnam) doesn't have an advisor. 
So, I'm kinda on my own..
My company invests 3% of my salary free of cost to me. I've added 3% that does come out of my salary and they match that by 1/2. So, I now have 7.5% going into my 401k..
After doing some research and talking with out finacial people here. I've decided to invest into stocks and mutual funds.
I invested the maximum in my company which is 25%. Then I invested in Dodge Cox, Putnam Voyager, and some others... I being really aggro with some growth funds and such, but I honestly don't know what I'm doing..
My questions are:
1. After a while will I actually own stock? For example, I'm investing 25% of my 401k in my companies stock.
2. I want actual stocks in my company. If investing my 401k money into won't get my "actual" stocm ownership. How do I do this??
Not sure if I'm making any sense...
Who's the stock experts here.
So, I'm kinda on my own..
My company invests 3% of my salary free of cost to me. I've added 3% that does come out of my salary and they match that by 1/2. So, I now have 7.5% going into my 401k..
After doing some research and talking with out finacial people here. I've decided to invest into stocks and mutual funds.
I invested the maximum in my company which is 25%. Then I invested in Dodge Cox, Putnam Voyager, and some others... I being really aggro with some growth funds and such, but I honestly don't know what I'm doing..
My questions are:
1. After a while will I actually own stock? For example, I'm investing 25% of my 401k in my companies stock.
2. I want actual stocks in my company. If investing my 401k money into won't get my "actual" stocm ownership. How do I do this??
Not sure if I'm making any sense...
Who's the stock experts here.
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randy72560 - Moderator
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by alexspepaw » Wed Feb 14, 2007 1:40 pm
unless you know that your company stock is about to explode, 25% is way too much to have...remember Enron?
- alexspepaw
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by randy72560 » Wed Feb 14, 2007 2:50 pm
unless you know that your company stock is about to explode, 25% is way too much to have...remember Enron?
I would put more in my company if I could... We just had several articles run in various magazines including Forbes 500. Right now, this company is ranked #1 throughout the world in what we do.. Similar companies (a well know one) reported loses in excess of 30 million last quarter.. We reported record profits..
So, although it is a risk, this company is expanding and there is a lot of things in the works that should boost stock price over the next couple of years.
If anyone is interested, I can PM you the name of the company and you can check it out and see if I'm on the right track here.
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randy72560 - Moderator
- Posts: 1574
- Joined: Wed Nov 23, 2005 11:38 pm
Interested!
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