*Investors Blog*

[alarmguy]

Anyone own GM in here?
Been looking strong I think?
Will this possible be the decade out of the last 4 that the stock might actually take off?
I have no idea why I am interested in it again, maybe because all the Tesla discussions and GMs forward looking plans, sound good, though never seems to hit it out of the park.
Getting bored owning the same long term stocks I have held a while, though, only down 2.5% last year in my Roth.

My 401K that was invested in funds (no choice) got beat up so bad I wish I didnt even bother to look today, I have been ignoring it all year. *LOL*
Its almost criminal that you can pick your own individual stocks in a 401k or is that up to the company that you work for plan?
I only worked a short time for a company and this was my first 401k, it was a semi retirement job until I was eligible for medicare, so we are not talking big money but we are talking large 20% percent decline in the last year over some great gains before that. Annoying but is what it is.

 

[99Saturn]

Anyone own GM in here?
Been looking strong I think?
Will this possible be the decade out of the last 4 that the stock might actually take off?
I have no idea why I am interested in it again, maybe because all the Tesla discussions and GMs forward looking plans, sound good, though never seems to hit it out of the park.
Getting bored owning the same long term stocks I have held a while, though, only down 2.5% last year in my Roth.

My 401K that was invested in funds (no choice) got beat up so bad I wish I didnt even bother to look today, I have been ignoring it all year. *LOL*
Its almost criminal that you can pick your own individual stocks in a 401k or is that up to the company that you work for plan?
I only worked a short time for a company and this was my first 401k, it was a semi retirement job until I was eligible for medicare, so we are not talking big money but we are talking large 20% percent decline in the last year over some great gains before that. Annoying but is what it is.

If I read your post correctly, you are no longer with the employer that the 401k was through. Should be nothing stopping you from rolling the $$ into an IRA.

 

[SC Maintenance]

Anyone own GM in here?
Been looking strong I think?
Will this possible be the decade out of the last 4 that the stock might actually take off?
I have no idea why I am interested in it again, maybe because all the Tesla discussions and GMs forward looking plans, sound good, though never seems to hit it out of the park.
Getting bored owning the same long term stocks I have held a while, though, only down 2.5% last year in my Roth.

My 401K that was invested in funds (no choice) got beat up so bad I wish I didnt even bother to look today, I have been ignoring it all year. *LOL*
Its almost criminal that you can pick your own individual stocks in a 401k or is that up to the company that you work for plan?
I only worked a short time for a company and this was my first 401k, it was a semi retirement job until I was eligible for medicare, so we are not talking big money but we are talking large 20% percent decline in the last year over some great gains before that. Annoying but is what it is.

GM has like $80B in debt last I checked. All of the legacy automotives are heavily in debt. GM bonds used to pay like 2.5%. Now they pay over 6%. Likely into the 8's before Powell is done, IMHO. Good luck to them rolling those over.

Funny, no one seems to talk about this. Its way over my head - all the real smart guys trade bonds. I am no fiduciary, but I can't see this ending well.

 

[alarmguy]

If I read your post correctly, you are no longer with the employer that the 401k was through. Should be nothing stopping you from rolling the $$ into an IRA.

You know, I haven't much thought about that, thank you. We have been occupied this past year, looking at new homes, now sold our old home, waiting for the new one to be completed and living in an apartment while it is completed because the old one sold in the first weekend.

With that said, I always was self employed or 1099 and had my Roth which I purchase individual stocks with. I THOUGHT for the first time in my life working as I would call it my part time retirement job with great medical benefits I would buy into some index funds and also through at the time the employee plan of buying company stock which that part worked well. I looked at this 401k as hands off, let the index funds work for me, you know, just what everyone says? Why is it whenever I listen to what everyone says common sense stuff it turns out not common for me. *LOL* SO for the first time in my life I do that and get beat up like I never did in my life. Dont get me wrong its not a lot of money like some of you in here but it is in a way best I pay attention to percentages, I was up nicely in that account pre 2022.

So much for me every letting the funds do their thing. I like my sort of own, kind of, even though it's not regarded as such, individual picking stocks in sort of conservative companies and have done pretty good on my own in my Roth.
Thanks for that suggestion, I might visit that option sometime, wasnt on my radar. It is true, if the market ever bumps up that loss will be reversed. It was a NASDAQ and S&P index fund that sunk me.

 

[alarmguy]

^^ AS posted above I have my own Roth (not just the 401k above) and just a few holdings in it, TMUS is one of them. Considering the market of the last year I am really have happy with this boring old stock .
How long I decide to own anything is anyones guess. WMT and WFC are the other two. WMT has certainly been stable though the turmoil of the last few years, if not boring and its not making me rich by any means. WFC has been the dog mostly.

I know I type a lot in this forum, hope you can see I am transparent even when it comes to something negative. I mean, that is how we learn, right?

 

[99Saturn]

Thanks for that suggestion, I might visit that option sometime, wasnt on my radar. It is true, if the market ever bumps up that loss will be reversed. It was a NASDAQ and S&P index fund that sunk me.

Guessing you likely know already but just in case. Rolling to an IRA is likely super easy. Few hours of work at most for all the paperwork and the funds get transferred. (I say that from the handful of times I’ve done it over the last 15 years). Also as a PSA, worth checking the expense ratios on your 401k funds versus an IRA. Most of the plain vanilla indexs can be found though an IRA and may very well have a lower expense ration then a similar fund in that 401k. If nothing else going to IRA route gives you the optionality of less rules of how you manage than a 401k, Roth conversion choice, etc.

 

[alarmguy]

Guessing you likely know already but just in case. Rolling to an IRA is likely super easy. Few hours of work at most for all the paperwork and the funds get transferred. (I say that from the handful of times I’ve done it over the last 15 years). Also as a PSA, worth checking the expense ratios on your 401k funds versus an IRA. Most of the plain vanilla indexs can be found though an IRA and may very well have a lower expense ration then a similar fund in that 401k. If nothing else going to IRA route gives you the optionality of less rules of how you manage than a 401k, Roth conversion choice, etc.

thanks, I may have more questions from you in the future.
Well, let's put it another way. I know I can look this stuff up but what the heck, curious and about to log off

Can I roll my 401k into my existing Roth? yes, I know I will pay taxes.
or just roll to a regular IRA and not pay tax?
or roll it into a separate Roth?

Are all three options available?

 

[SC Maintenance]

thanks, I may have more questions from you in the future.
Well, let's put it another way. I know I can look this stuff up but what the heck, curious and about to log off

Can I roll my 401k into my existing Roth? yes, I know I will pay taxes.
or just roll to a regular IRA and not pay tax?
or roll it into a separate Roth?

Are all three options available?

When I rolled mine I rolled a 401K into a standard IRA, but there was something special about it - it was a "rollover IRA" and I couldn't put it in the same account as an IRA I already had for some reason. However I can see both "accounts" from the same login - but the holdings are separate.

Going to a Roth is a "conversion" and there are many more rules and costs.

The rules change from time to time. I would just reach out to whatever broker you like to use and ask what your options are.

 

[PimTac]

You know, I haven't much thought about that, thank you. We have been occupied this past year, looking at new homes, now sold our old home, waiting for the new one to be completed and living in an apartment while it is completed because the old one sold in the first weekend.

With that said, I always was self employed or 1099 and had my Roth which I purchase individual stocks with. I THOUGHT for the first time in my life working as I would call it my part time retirement job with great medical benefits I would buy into some index funds and also through at the time the employee plan of buying company stock which that part worked well. I looked at this 401k as hands off, let the index funds work for me, you know, just what everyone says? Why is it whenever I listen to what everyone says common sense stuff it turns out not common for me. *LOL* SO for the first time in my life I do that and get beat up like I never did in my life. Dont get me wrong its not a lot of money like some of you in here but it is in a way best I pay attention to percentages, I was up nicely in that account pre 2022.

So much for me every letting the funds do their thing. I like my sort of own, kind of, even though it's not regarded as such, individual picking stocks in sort of conservative companies and have done pretty good on my own in my Roth.
Thanks for that suggestion, I might visit that option sometime, wasnt on my radar. It is true, if the market ever bumps up that loss will be reversed. It was a NASDAQ and S&P index fund that sunk me.

I would make that a top priority. Keep your money close to the vest and in your name is much better than leaving it with the prior company’s plan. You should get better choices as well.

With most mutual fund or brokerage companies you can make the call and they will do everything for you. They should have rollover specialists that handle everything.

 

[alarmguy]

I would make that a top priority. Keep your money close to the vest and in your name is much better than leaving it with the prior company’s plan. You should get better choices as well.

With most mutual fund or brokerage companies you can make the call and they will do everything for you. They should have rollover specialists that handle everything.

Ok, so are we talking about the ex employee's company that you have the 401k with will handle everything or the new brokerage that you would be going too?

 

[PimTac]

Ok, so are we talking about the ex employee's company that you have the 401k with will handle everything or the new brokerage that you would be going too?

The new brokerage you pick.


Whether it’s Schwab, Vanguard or pretty much any fund company or brokerage they will do all the work and you really want them to do it. The transfer is direct. If you take the money and then transfer a lot can go badly. Let them do it all.

In my case I use American Century. One call and it was done. I had to sign something and the rest was seamless.

 

[alarmguy]

The new brokerage you pick.


Whether it’s Schwab, Vanguard or pretty much any fund company or brokerage they will do all the work and you really want them to do it. The transfer is direct. If you take the money and then transfer a lot can go badly. Let them do it all.

In my case I use American Century. One call and it was done. I had to sign something and the rest was seamless.

Thank you, appreciate it. I currently broker with TDAmeritrade that is bought out by Schwab that is converting my current trading account to Schwab next month, not that it would matter... for me now would be timing a good exit from company stock fund.

 

[PimTac]

Thank you, appreciate it. I currently broker with TDAmeritrade that is bought out by Schwab that is converting my current trading account to Schwab next month, not that it would matter... for me now would be timing a good exit from company stock fund.

Consider this a sideways move. I have accounts with Schwab and I’m satisfied. My banking is also with them.

 

[99Saturn]

thanks, I may have more questions from you in the future.
Well, let's put it another way. I know I can look this stuff up but what the heck, curious and about to log off

Can I roll my 401k into my existing Roth? yes, I know I will pay taxes.
or just roll to a regular IRA and not pay tax?
or roll it into a separate Roth?

Are all three options available?

Disclaimer, I have always rolled to a “rollover” IRA (pre-tax contribution) and then converted to a Roth.

I saw in another post you are with TD, I have accounts with them too and have used them for these conversions, simple call would tell you what you need to know.

That said, I believe for either rolling into your Roth or a new Roth, you would do rollover IRA and then roll to your Roth, with all the tax and withdrawal implications that go with it. Regular IRA (traditional/rollover) is also an option. So to your 3 questions above all three work other than there might be an interim rollover IRA in between.

 

[Warstud]

UNG .......US Natural Gas Fund is taking a beating with this warm weather . Down 10% today on heavy volume.

 

[Pablo]

UNG .......US Natural Gas Fund is taking a beating with this warm weather . Down 10% today on heavy volume.

That kind of thing is so tough to track and invest in. It's NOT supply and demand. It's like reverse triple contrarian on 7D chess string theory.

So I bought 100 shares of BOIL in the pit today.

 

[ecotourist]

I own a Tesla. But I don't own Tesla stock.

I think Tesla makes a good product. They have a technical lead on the opposition and they are arguably staying ahead. They have a well managed (superior even) Supercharger network. They are a more or less great company.

Their CEO (with his jumping here and there) is a concern but he has good ideas and he hires good people.

Overall, Tesla stock is worth a premium price. Tell me when the PE ratio is about 25. Then I'll buy Tesla stock.

 

[SC Maintenance]

UNG .......US Natural Gas Fund is taking a beating with this warm weather . Down 10% today on heavy volume.

I lost my shirt in USO years ago - same type of fund only oil. I decided I am not smart enough for this type of bet.

 

[Warstud]

That kind of thing is so tough to track and invest in. It's NOT supply and demand. It's like reverse triple contrarian on 7D chess string theory.

So I bought 100 shares of BOIL in the pit today.

I see UNG and BOILs chart aren't quite the same. UNG is trading at last winters low and BOIL is below it. GL

 

[alarmguy]

I own a Tesla. But I don't own Tesla stock.

I think Tesla makes a good product. They have a technical lead on the opposition and they are arguably staying ahead. They have a well managed (superior even) Supercharger network. They are a more or less great company.

Their CEO (with his jumping here and there) is a concern but he has good ideas and he hires good people.

Overall, Tesla stock is worth a premium price. Tell me when the PE ratio is about 25. Then I'll buy Tesla stock.

25 sounds reasonable, Supercharger network is open to all EVs plus of course GM deploying industry standard chargers and private companies also.