For whatever it is worth, my wife had a Roth option previously and so do I now. Both the plans have company match + a company retirement contribution in lieu of pension that no longer exists. Both company deposits are pre-tax, so you still end up with a sizable chunk of pre-tax dollars "down the road" if you have the same setup. It didn't really register to me until we went to roll my wife's 401K into an IRA and saw the pre-tax amount.
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- Thread starter Warstud
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I'm getting a 2.5% raise.
Boeing machinists to vote on new proposal with 35% raises that could end strike
https://www.cnbc.com/2024/10/19/boeing-workers-to-vote-on-new-proposal-that-could-end-strike.html
Maybe strike will end soon.
^^^ They should take it and get back to work. Either that or hold out for the Moon and maybe not even have a job after they break the company and Boeing lays-off even more workers, including some IAM members when they eventually get back to work. There's no way Boeing is going to reinstate the heritage pension, so the IAM better bark up a different tree.
+1.
Yeah, pension is dead and will never be revived.
They should take the 35% and go back to work.
It looks like GM ICE sales are killing it.
I don’t wanna hear it. I sold my GM stock which I always use for short trades. I was waiting for another dip to, but the darn thing just kept going up. That’s all OK. I just wish I had a boatload more money because I have a solid handful of companies that I love, but I don’t hold them all at one time as I go big into just a few companies.
They have a great CEO and she told us the previous two earnings call how good businesses is. The stock is still a bargain and I truly believe as I’ve been saying for the past two or more years that General Motors knows the product that Americans want that doesn’t mean the rest of the world but in this country.
I truly believe for those that want an EV they are gonna put a big dent in the market share of their EV competition. I know you know I’ve been saying this for a long time.
Disclosure, I don’t know if history will repeat itself like it has for over 40 years, but GM is the company that Lucy always pulls the football away from Charlie Brown and falls flat on his back. The stock has gone nowhere in over 40 years but sometimes it could make it great trading play because it always sells at a reasonable multiple.
I do wonder sometimes will this be the time that Charlie Brown actually kicks the football before Lucy can take it away? Sometimes I think so, but then they always manage to screw it up. Maybe it will be different this time?
Anyway, that’s why I only do short term
@demarpaint I corrected the many mistakes Siri text to speech makes
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I agree, I was thinking about you when I posted this. I used the run up today to sell OTM covered calls against it. If they sell it off I'll close the position and wait patiently again for another run up. If I get called out so be it.I don’t wanna hear it. I sold my GM stock which I always use for short trades. I was waiting for another dip to, but the darn thing just kept going up. That’s all OK. I just wish I had a boatload more money because I have a solid handful of companies that I love, but I don’t hold them all at one time as I go big into just a few companies.
They have a great CEO and she told us the previous two earnings call how good businesses is. it’s still a bargain and I truly believe as I’ve been saying for the past two or more years that General Motors knows the product that Americans want that doesn’t mean the rest of the world but in this country.
I truly believe for those that want an EV they are gonna put a big dent in the market share of their EV competition. I know you know I’ve been saying this for a long time.
Yeah, I just read up on it now, wow, came in almost a full 20% above the earnings estimate in the third quarter.
They expect ramp up to EV probability to rapid on top of that.
Also mentioning the consumer has been amazingly resilient. I’m not really so amazed because I see the spending going on around me. I guess with GM saying that it’s more than just my little pot of this country.
I’m just a little sick to my stomach that I had cash sitting on the side waiting to pick it up at a lower price and missed a now 20% move. But there is always an excuse when you miss a good move.
Funny story... I got a letter from the company that manages the stock plan from my old company, Lam Research. Apparently I had 4 stock certificates from the 90's I didn't know about. I never knew I had any certificates, only account shares. Lam recently split 10 for 1 and was not going to reissue the certificates. I do not have the physical certificates, so I had to pay $30 per share + $80 processing fee.
All this makes no sense to me. If they knew about the outstanding certificates, why do I need to surrender them? They would be invalidated anyway. Just the same, paying $30 for a share worth about $800 is OK by me. Nice problem to have.
All this makes no sense to me. If they knew about the outstanding certificates, why do I need to surrender them? They would be invalidated anyway. Just the same, paying $30 for a share worth about $800 is OK by me. Nice problem to have.
Federal judge blocked Spirit merging with Jet Blue - said it would eliminate competition in the "budget" market. I guess going out of business is OK. /sarc.
My daughter took Spirit a couple times. She said you had to pay for every extra, and you got shoved in like cattle. Still she flew from here to Newark a couple times and the flights were like $150 or so roundtrip, and the planes took off and landed - which is all that really matters in that class of travel in the end. She said she would take them again.
Tesla up 47 points today! Just wanted announce that and congratulate Elon before 97Prism did.
I bought our M3 Mid Range in Dec 2018. Shoulda bought the stock, but Tesla was supposed to be belly up any day, right?
Haters be in the ecar forum
When I see stuff like this, I am thinking of the mutual fund capital gains distributions that I will incur and have to pay taxes on.
That can go for any stock at any point in time when picking a specific year, but the person who bought it in 2021 is crying or bankrupt by now
I suspect some point in time the stock will go up another 50% and match its price back in 2021
Not that I know anything, but I think there is promise the company will survive in the energy business since that is their strongest profitable part of their business as well as a utility car company. Cranking out cars like BIC cranks out disposable lighters and pens. I’m not saying that as a negative.
One thing for sure, they have to keep that promise of something in the future alive or else well as you know when people doubted the company in the last couple years, the stock got sliced by more than 50%
Risk/reward choose your poison it will be interesting after the election, but we can talk about that here.
The competition is coming on fast in the automotive world and retail is brutal. That’s why I like the BIC Pen and energy storage idea.
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At my peak I had a nice chunk of Tesla and sold for a gain.
I’m an ETF investor and really don’t follow these crazy markets like some people do.
I met some younger folks 25-30 trading options and they tell me their strategies.
As a role, I don't invest in individual stocks. I did buy some TSLA years ago because it was such a no-brainer. Everyone's stock of the year. It has done well and I expect it to continue over time. All the other car companies are chasing Tesla's EVs and there is so much more to the company than the cars. I am convinced the refreshed Model Y will kill the world given the the refreshed Model 3 is so much better than the first car. And the current (outdated) Model Y is a world's best selling vehicle. Tesla offers the best, by far, home battery storage. Of course AI is the future and Tesla is all about software.
The other single stock I own is a ton of Lam Research, aka LRCX, which was from my 25 year in SEMI. Stock purchases, options and grants. It just split 10/1. You can guess I was extremely lucky to work at Lam and Novellus. As chip geometries continue to get more dense, Lam is in an enviable position.
The rest is managed by the Schwab Wealth Advisory team. They keep me honest; we leave TSLA and especially LRCX out of the plan.
