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Post by knowthebiz on Aug 13, 2017 11:52:29 GMT -5
I have about 90% of my tesphe in ford stock...its at a standstill. Anyone have any info on a good advice what I should change it to to make more on investment?
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Post by reedycreekbuc on Aug 13, 2017 12:54:31 GMT -5
I use Financial Engines. They do a good job I think. I have over 9% return this year so far.
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Post by nra4life on Aug 13, 2017 16:51:52 GMT -5
I have about 90% of my tesphe in ford stock...its at a standstill. Anyone have any info on a good advice what I should change it to to make more on investment? I use the financial engines also. Most "experts" would tell you not to invest more than 10% in the stock of the company where you work. If they go under not only are you out of work but your investments are gone also. A lot of guys at GM found this out the hard way. Good luck to ya. Stay safe people |
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Post by pmooret on Aug 13, 2017 17:36:05 GMT -5
nra4life said: Most "experts" would tell you not to invest more than 10% in the stock of the company where you work. If they go under not only are you out of work but your investments are gone also. A lot of guys at GM found this out the hard way.
I have heard the same thing and it is great advice. Some of us older folks have seen this happen to other companies. One of the classes I took also said to invest a small amount in an overseas fund because usually when our markets are bad their markets are good. Also, formula for percentage of money to have in stocks is to subtract your age form 100, this is the percent to have in stock, the rest should be in accounts that are safe; growth funds, mutual funds, etc. This is like a sliding scale that keeps you from losing money right before you retire.
knowthebiz, not only is Ford stock at a standstill it has lost money the last three years. I made money on Ford stock a long time ago like everyone else but those days are gone and my Ford stock as been gone for a long time too.
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Post by knowthebiz on Aug 13, 2017 18:08:51 GMT -5
Thanks for the advice...ill contact a finacial guru to help me facilitate my changes to my tesphe!
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Post by rnlouisville1 on Aug 14, 2017 1:40:18 GMT -5
They will give you same advice rather you pay them or not. Only difference is them moving money (paid) or you moving it (free)
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Post by lapwasktp on Aug 14, 2017 5:26:22 GMT -5
Ford Stock is not doing well. It hasn't for over 20 years now.. Our previous leader could not make the correct changes and this was one of the many reasons he was let go. If you go with Financial Engines the first thing they will do is probably dump your Ford stock. They did mine, They want you to make money. Wall Street is nothing more than educated Legal gambling. ** Company's like TESLA who have never made a profit a single quarter, but actually loses $$ every quarter in there existance has a stock value on Wall Street much greater than Ford Motor Co. And Ford has been around over a 100 years and we have plants all over the World. Makes NO sense Tesla is $357.87 today per/stock Ford is $10.77 Really Ford makes $10 billion after tax profit these last few years, Tesla can't make a nickel. Reason does not alway prevail at Wall Street.. Financial Engines has made me $$ .. Good luck....
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Post by machination on Aug 17, 2017 11:46:10 GMT -5
Why in the heck would you have 90% of your TESPHE in the Ford Stock Fund, or in any single investment for that matter? I'm not sure how old you are but haven't you heard that you "never keep all your eggs in one basket", or 90% of your eggs in this case, or that you should "diversify your investments"? The education system in this country really needs to start teaching kids basic, and I mean BASIC, guidelines to simple investing. I knew this stuff when I was 19 years old buying into my first mutual fund on my own, years before I hired on at Ford. You should change your screen name because clearly you don't knowthebiz.
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Post by ktpveteran6499 on Aug 17, 2017 16:24:11 GMT -5
Question for the experts, ok, i currently put $100 a week into tesphe, and $500 in regular savings a week. Should i be putting most of it in tesphe?
Should i contact a financial advisor with putting away that much in a week?
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Post by machination on Aug 17, 2017 16:49:01 GMT -5
Question for the experts, ok, i currently put $100 a week into tesphe, and $500 in regular savings a week. Should i be putting most of it in tesphe? Should i contact a financial advisor with putting away that much in a week? You should contact a financial advisor because the answer depends greatly on your personal circumstances. For example, if you are in debt real bad and are paying a lot of interest you should work on getting that paid off before focusing on dumping your money into savings because any return you get on your investments wont matter if you're bleeding money thru finance charges on credit cards, loans, etc. If your financial advisor doesn't take into account your debts when giving advice, find another advisor. It's great that you are taking your finances seriously tho. It looks like you have good discipline. Find a good advisor and good luck to you.
Make sure you don't take advice from Jim Bob Hucklefuck from down the line. I've met a lot of folks in the plant who don't know their head from their own ass but somehow think they know about finances. You wouldn't believe the shitty advice I've heard from some people who barely made it out of high school...
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Post by ktpveteran6499 on Aug 17, 2017 17:00:44 GMT -5
Thanks, I recently paid my mortgage off in March, only around $8,000 in debt. So I'm trying to get my money to work its hardset for me.
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Post by knowthebiz on Aug 17, 2017 19:42:41 GMT -5
machination, there's no reason to be an a** some people just have a harder time understanding how investing works..,it was a question to provoke some helpful insight not for you to talk your co workers down..be a little humble!
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Post by nra4life on Aug 17, 2017 21:12:11 GMT -5
best advice you will ever get right here..."Don't take financial advice from broke people" get in touch with the Financial engine folks and let them run it for you. Stay safe people
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Post by pmooret on Aug 18, 2017 2:59:42 GMT -5
Don't forget that you are suppose to have 3-6 months of living expenses put back that you can easily access.
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Post by machination on Aug 19, 2017 17:14:51 GMT -5
machination, there's no reason to be an a** some people just have a harder time understanding how investing works..,it was a question to provoke some helpful insight not for you to talk your co workers down..be a little humble! I totally understand. And I'm sorry if I offended you. I'm just trying to help in my own special way. As far as being humble goes, I stopped being humble years ago when I finally realized that almost everyone around me is a dumbass. Hard to be humble in that sort of environment, despite my best efforts.
Check out my old posts for some insight into this: scottrlap.proboards.com/user/2060/recent
Also, my classic 3 page debate with Darth Bullshit should go down in the annals as a battle of the ages: scottrlap.proboards.com/thread/15424/north-america-track-sales-record
It was a hoot 
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Post by Ex-metalman on Aug 20, 2017 11:02:21 GMT -5
🖕🏿😬
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