polksalet Posted February 14, 2008 Share Posted February 14, 2008 The price seems to rock back and forth from 46-50 and never changes much other than that pattern. It is not really good for investment other than the 15% match week get at purchase time. I only have a little but I could use it to pay down some of the medical bills. Right now it is hovering around $50. What do you think? Quote Link to comment Share on other sites More sharing options...
Randall Posted February 14, 2008 Share Posted February 14, 2008 The price seems to rock back and forth from 46-50 and never changes much other than that pattern. It is not really good for investment other than the 15% match week get at purchase time. I only have a little but I could use it to pay down some of the medical bills. Right now it is hovering around $50. What do you think? The market's pretty range bound right now. It isn't really trending much. I would if you have bills that need to be paid with interest attached. Quote Link to comment Share on other sites More sharing options...
sundaynfl Posted February 14, 2008 Share Posted February 14, 2008 The market's pretty range bound right now. It isn't really trending much. I would if you have bills that need to be paid with interest attached. +1 .. but it sounds like you have a gauranteed money maker there; sell at 50 then buy back at 46 over and over again! I don't advocate this but I did it back in the early 90's with Storage tech over and over agian... it would go up to a certain point and I would sell it would go bakc down and I would buy again. I made a ton of money, but got lucky! Quote Link to comment Share on other sites More sharing options...
Big Country Posted February 14, 2008 Share Posted February 14, 2008 Not enough information to make a valid reccomendation, nor am I a professional in financial advising. Other factors (certainly far from an exhaustive list): What, if any, interest is associated with the medical bills? What, if any, additional debt is there, and at what interest rate? What other investment options are there to consider. ie, sell the stock and place instead into more diversified options ie mutual funds, etc.? What other options do you have for paying down the debt, either savings, income, etc.? Quote Link to comment Share on other sites More sharing options...
yo mama Posted February 14, 2008 Share Posted February 14, 2008 If medical bills are accruing interest at a rate that exceeds the growth you're seeing in the stock, you have to seriously consider it, assuming you don't have other sources of cash to pay those bills. My only hesitation lies in quantifying the income tax consequences (if any) associated with selling the stock. However, the capital gains rate is most likely never going to be lower than it is right now. So that's worth taking into consideration. Quote Link to comment Share on other sites More sharing options...
polksalet Posted February 14, 2008 Author Share Posted February 14, 2008 Not enough information to make a valid reccomendation, nor am I a professional in financial advising. Other factors (certainly far from an exhaustive list): What, if any, interest is associated with the medical bills? What, if any, additional debt is there, and at what interest rate? What other investment options are there to consider. ie, sell the stock and place instead into more diversified options ie mutual funds, etc.? What other options do you have for paying down the debt, either savings, income, etc.? The medical are not bearing interest so I guess it would be better to put it onto car and student loan notes. My main concern is selling while it is high. I don't think it will get much higher. I think a good investment strategy for us is to just buy, buy, buy, and get the 15% match and then ultimately sell high. Quote Link to comment Share on other sites More sharing options...
polksalet Posted February 14, 2008 Author Share Posted February 14, 2008 If medical bills are accruing interest at a rate that exceeds the growth you're seeing in the stock, you have to seriously consider it, assuming you don't have other sources of cash to pay those bills. My only hesitation lies in quantifying the income tax consequences (if any) associated with selling the stock. However, the capital gains rate is most likely never going to be lower than it is right now. So that's worth taking into consideration. lol, I bet, no I KNOW, I have not made anymore than 15% profit on the amount. I kid you not, I bet I have around $50 per share in the stuff. Quote Link to comment Share on other sites More sharing options...
moneymakers Posted February 14, 2008 Share Posted February 14, 2008 Find out if the medical bills are willing to take 50 cents on the dollar to pay off. If they are use stock to pay them off only if they discount your bill. I bought and sold Wal-mart a few years back. It would fluctuate just like you said. pretty easy money Quote Link to comment Share on other sites More sharing options...
Big Country Posted February 14, 2008 Share Posted February 14, 2008 The medical are not bearing interest so I guess it would be better to put it onto car and student loan notes. My main concern is selling while it is high. I don't think it will get much higher. I think a good investment strategy for us is to just buy, buy, buy, and get the 15% match and then ultimately sell high. Can you continue to buy with the 15% match even if you sell some or all of your current holdings? If you can, does the interest rate on your car and student loans exceed what you are likely to earn on a diversified portfolio? Quote Link to comment Share on other sites More sharing options...
polksalet Posted February 14, 2008 Author Share Posted February 14, 2008 Can you continue to buy with the 15% match even if you sell some or all of your current holdings? If you can, does the interest rate on your car and student loans exceed what you are likely to earn on a diversified portfolio? Yep, I can continue buy with the match as long as my wife works there. I don't really have a portfolio. I am keyed in on reducing debt. I am one of those oddballs. When I get all of my debt paid off I will be able to invest a lot more effectively and at lower risk. My sister lost her house and is homelessat 50. I ain't letting that happen to us. Quote Link to comment Share on other sites More sharing options...
Double Agent Posted February 14, 2008 Share Posted February 14, 2008 Good info on settling with the medical bills. It won't hurt your credit and they almost always settle. 50-60 cents on the dollar is your target. Quote Link to comment Share on other sites More sharing options...
Double Agent Posted February 14, 2008 Share Posted February 14, 2008 Yep, I can continue buy with the match as long as my wife works there. I don't really have a portfolio. I am keyed in on reducing debt. I am one of those oddballs. When I get all of my debt paid off I will be able to invest a lot more effectively and at lower risk. My sister lost her house and is homelessat 50. I ain't letting that happen to us. Are you a Ramsey fan, Polk? Sounds like you got the snowball rolling. Quote Link to comment Share on other sites More sharing options...
Big John Posted February 15, 2008 Share Posted February 15, 2008 Are you a Ramsey fan, Polk? Sounds like you got the snowball rolling. Yes he is. Quote Link to comment Share on other sites More sharing options...
polksalet Posted February 15, 2008 Author Share Posted February 15, 2008 Are you a Ramsey fan, Polk? Sounds like you got the snowball rolling. On tv right now, it is our required nightly viewing Quote Link to comment Share on other sites More sharing options...
Randall Posted February 15, 2008 Share Posted February 15, 2008 Wal-Mart growth expected to slow again By William Spain, MarketWatch Last update: 6:41 p.m. EST Feb. 14, 2008 CHICAGO (MarketWatch) -- While Wal-Mart's fourth quarter profit is expected to show a double-digit profit rise on a per-share basis when it reports before the opening bell Tuesday, the retail behemoth's sales growth is beginning to sputter as the economic slowdown tightens it grip. Wal-Mart (WMT) is expected to earn $1.02 a share on revenue of just under $107 billion for the three months ended January 31, according to the current average estimate of analysts polled by Thomson Financial. For the same period a year ago, it earned 92 cents a share on revenue of $99.08 billion. But in its most recent sales release, Wal-Mart Stores posted a measly 0.5% gain in same-store sales for January, below expectations of 2% growth - and it was supposed to be one of the winners in a down economy. Then, late last month, it lowered prices by 10% to 30% on thousands of items in a move it said was to help shoppers save money against a backdrop of economic uncertainties. The savings were targeted especially at purchases for the Super Bowl weekend and were available while supplies lasted. And that followed a move to cut prices on over 15,000 items during the holiday crush, along with an offer of no interest for 18 months on purchases of $250 or more with a Wal-Mart credit card. The strategy seemed to work, at least for a while, as the company outperformed many of its competitors, including archrival Target (TGT) during the crucial December sales period. William Spain is a MarketWatch staff writer in Chicago. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.