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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (5463)	8/28/1998 4:48:00 PM
From: Scott Moore	Read Replies (1) \| Respond to of 18928

Hi Tom My biweekly 401k withholding is split as follows by my discretion: 50% S&P, 25% Co. Stock, 25% interest bearing savings. There are other investment plan options, like an aggressive small cap fund, Vanguard Bond fund and a couple more that are Midcap oriented, but State Street charges from 1-2% for transfers between these funds because I think they broker them out. The two that I'm in above have no transfer fees. What is sad about the company stock fund is that State Street has monkeyed with the fund so that even though the stock price is at say $30, you actually get 2 shares at $15. Of that $15 share only 95% tracks the stock. The other 5% stays in pure cash, so that State Street has a slush buffer to settle-up daily if employees ever decide all at once to move between options. Of course this 5% bears no interest and coincidentally State Street appears to have the voting rights on that 5% during stockholder meetings. At first, using even 1 dime of my money really pissed me off and I wouldn't participate in the company plan when it was converted to this quasi-accounting method and went straight S&P, but I've mellowed with age. Oh yeah you are sharp to pickup on my SAFE. When I didn't get a buy back during the May-June correction, I changed it from 5% to 2% because heck I don't pay for transfers anyway. Later Loco-dude Scott