New To Investing Thread

[michigancat]

Apparently I've got too much of my 401K invested in company stock. I know next to nothing about this. Should I just pay ING $4 a month to manage it?

No, post the fund options available (along with the expense ratios) and we'll choose for you.

[Asteriskhead]

Apparently I've got too much of my 401K invested in company stock. I know next to nothing about this. Should I just pay ING $4 a month to manage it?

No, post the fund options available (along with the expense ratios) and we'll choose for you.

Okay, I have to wait for the company to freaking mail me a password to access the website.

[sys]

Apparently I've got too much of my 401K invested in company stock. I know next to nothing about this. Should I just pay ING $4 a month to manage it?

No, post the fund options available (along with the expense ratios) and we'll choose for you.

what a great idea.   

[Kat Kid]

Also, there will be no voting.  There will only be people that know what they are talking about dispensing advice.

[EllRobersonisInnocent]

Yes, post here and michigancat and myself will choose for you.

[michigancat]

currently on hold trying to fix a 401k rollover that got lost. Good god why can't this be an automated process.

[kim carnes]

currently on hold trying to fix a 401k rollover that got lost. Good god why can't this be an automated process.

it is automated at non-shitty brokerages

[michigancat]

currently on hold trying to fix a 401k rollover that got lost. Good god why can't this be an automated process.

it is automated at non-shitty brokerages

So I went to JP Morgan where my old plan was, and they had what I thought was an automated rollover form. I filled it out, and they had an option for rolling over to Charles Schwab, my current plan administrator. The problem was they had the wrong address in their system and mailed the check to the wrong Schwab office, who couldn't process it and I guess through it out or something like a bunch of rough ridin' idiots.

So then I call JP Morgan and tell them to cancel the check. They say they can't cancel it unless I mail them a letter with the old check information, the reason the plan wouldn't accept the check, and a signature. Sweet eff. It's 2014 you fucks.

[Asteriskhead]

Also, there will be no voting.  There will only be people that know what they are talking about dispensing advice.

Well, duh.

[sys]

http://online.barrons.com/articles/jeremy-grantham-u-s-stocks-can-gain-at-least-10-before-crash-1416334236

[slobber]

This thread was about to get good a couple of months ago, then something happened.

[The Tonya Harding of Twitter Users Creep]

metalhead, as you know, i do investing for a living. PM me and i will choose a fund then you can just fly me over to your island to party in like 15 years and well call it even.

[ben ji]

Metalhead- As Tonya's personal financial adviser I "Advise" you to ignore everything he says. I gave him the password to his account once and he sold every stock then and loaded up on Candy Stocks. Seriously, Hershey/Nestle/Tootsie Roll/etc, he had them all.

He thought they would pay their dividends in real physical candy.

[raquetcat]

Just found out about this:
www.betterment.com

Basically they invest in vanguard index funds, but they automatically rebalance your account and do tax loss harvesting. They charge rates that are comparable to vanguard as well, probably worth a deeper look

[420seriouscat69]

I'm very confused right now. I called Fidelity and asked them about rolling over my last two companies into my cureent one with Fidelity. They told me to get the checks mailed to me and then send it to them. I think I have them (They don't look like the checks i'm use to) now. Am I just suppose to mail these to fidelity now?  Why couldn't they do this electronically? 

[Spracne]

I'm very confused right now. I called Fidelity and asked them about rolling over my last two companies into my cureent one with Fidelity. They told me to get the checks mailed to me and then send it to them. I think I have them (They don't look like the checks i'm use to) now. Am I just suppose to mail these to fidelity now?  Why couldn't they do this electronically? 

What, did you expect whale treatment?

[420seriouscat69]

I'm very confused right now. I called Fidelity and asked them about rolling over my last two companies into my cureent one with Fidelity. They told me to get the checks mailed to me and then send it to them. I think I have them (They don't look like the checks i'm use to) now. Am I just suppose to mail these to fidelity now?  Why couldn't they do this electronically? 

What, did you expect whale treatment?

I don't know. I'm very uneducated in this department. Do I just sign these checks and mail it to fidelity in one of the packets they sent me?

[Spracne]

Post pics of the checks on this blob and I will advise. 

[420seriouscat69]

 

[Mrs. Gooch]

I'm very confused right now. I called Fidelity and asked them about rolling over my last two companies into my cureent one with Fidelity. They told me to get the checks mailed to me and then send it to them. I think I have them (They don't look like the checks i'm use to) now. Am I just suppose to mail these to fidelity now?  Why couldn't they do this electronically? 

Seems like this could be done electronically to me too, but it isn't. Just send the checks to Fidelity c/o your adviser person you have been talking to. Don't sign them.

[420seriouscat69]

I'm very confused right now. I called Fidelity and asked them about rolling over my last two companies into my cureent one with Fidelity. They told me to get the checks mailed to me and then send it to them. I think I have them (They don't look like the checks i'm use to) now. Am I just suppose to mail these to fidelity now?  Why couldn't they do this electronically? 

Seems like this could be done electronically to me too, but it isn't. Just send the checks to Fidelity c/o your adviser person you have been talking to. Don't sign them.

Thanks!

[sys]

oil (russia).  it'd be fun to be rich.

[wetwillie]

Has anyone tried lending club / prosper as a small portion of investment portfolio?

[420seriouscat69]

UGH!!! I sent two old checks from former companies to fidelity to be rolled over. One of them went through fine (the small check) the other was sent back to my old address cause there was something wrong with the form. I call fidelity and they tell me to call my former employer and cancel that check and order a new one. I do this and my old company tells me that fidelity has already cashed the check and they can't send me a new one. No one knows what's going on or where it is. Just 5K out there floating around and no ones wants to take account for it. 

[wetwillie]

Robin Hood app launched a week ago.  iPhone app that let's you buy and sell stocks for $0 commission.   If you are into that kind of thing.