How to invest for retirement? Is JPMorgan ok?
I am 26 and I have a 401k near about 15k so far. When I first invested I have to pick from a list of mutual & equity funds... They adjectives had similar name and there be 20 of them so I just put 5% of my money contained by each one. In the ending 3 years my $$ has grown respectively year and I have however to lose money. So now my company is making this pitch near JP Morgan "professional asset manager" for them to invest my money for me. They sent me a brochure telling me I enjoy it invested wrong. They will charge a flat 0.60% of my balance respectively year for their services. So does anyone have an judgment about JP Morgan... if you used them did you lose money? Really I don't know anything around investing I just know that Social Security isn't going to be near by the time I retire thanx to our inept government...Answers: No plea to be alarmed. This happens in companies quite frequently. JP morgan is a notably reputable firm. One of their most prominent categories is investment admin and I've had the privledge of working next to many of those individuals that will be managing your money. Actually, .60% charge is relatively cheap compared to other firms. It would be tricky to find someone that said they were disappointed or lost money near their funds.
If you can, I think you'd be better rotten with staying mutual funds although you don't necessitate 20. Just pick four or five that don't overlap so much and you'll be fine.
Nothing against JPM but with such a small amount of money if they put you into single stocks you're imagined not to be diversifed enough.
Since you're cynical just about the Govt ... I'll just say aloud that staying with a regular 401k instead of an IRA 401k might be a better choice exact if/when they switch to a flat tax adjectives that money you didn't save on taxes next to a an IRA 401k is gonna really piss you off! (And me too!)
I would tend to agree, that you are investing wrong. Twenty funds is too frequent. Six-tenths of 1% might be worth it for JPMorgan to invest for you. Of course this is an additional drag on your portfolio.
Otherwise if your retirement plan offer one of those target retirement funds, I would use it.
If you want to list your funds, along beside their ticker symbols, some here may offer an belief on your funds, and how to allocate.
I agree, too many funds. I also agree JP Morgan is a fine company. You should explain what you own and capture advice here or at moneyrec.com.
Moneyrec.com give you a place to list your investments and you can find some valuable input. The site is designed for question like yours. Free to users. Spam free, too.
Best of luck to you,
Bunny
What happen to stock once a company get taken over?
I am new to stock open market and hold some stocks of BEA Systems which was lately taken over by Oracle. Do I need to do anything just about it? Do I need to put within a sell direct if yes at what price. Do I need to crowd any forms?Thanks for any inputs
Answers: Generally, the stock changes are handle automatically and you don't have to do anything. However, in attendance are some times where it requires a stock holder approval but unless your holding thousands of shares, you don't own enough to kind a difference.
Now.. depending upon how the 'take over' is done, the outcome could fluctuate. In the case of BEA, Oracle will buying adjectives the shares for $19.375 per share in lolly. Therefore your trading account will hold the shares of BEA removed and the payment added within cash.
Some deal involve cash and stock. I am holding BRNC which is individual purchased by ALY. In this case I will be getting some dosh and some ALY stock in the exchange.
Hope this answers the request for information.
You should have be sent details of the offer. I.e be it a cash proffer, share offer or mixture? You usually hold to accept the present. If cash you eventually find cash, if shares you eventually receive shares within the new company.
Sometimes the present is done by way of a assignment of arrangement, which has to be voted through by the majority of shareholders and passed surrounded by a court of law (like Nike bid for Umbro)
When the company get taken over, all of the shares of that company are bought by the contemporary company.
You will either receive cash, or stock surrounded by the new company, or a combination.
When Sprint bought out Nextel within 2005, Nextel was a $30 stock, Sprint be a $23 stock. Each share of Nextel was replaced beside 1.3 shares of Sprint plus 50 cents.
What is the difference between stock and shares of a company ?
Answers: They are different ways of saying the same thing. A share of stock is a proportional ownership of a company.
same thing, no difference