The Investment Thread (12 Viewers)

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SteveSBrickNJ said:
@DaveXA I spoke with my financial advisor today. He said I established my "fixed account" way back in 1997. My fixed account is part of as contract between myself and their company. For this reason my 3% rate is locked in and cannot go down. I am grandfathered in so to speak.
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Hmm, interesting. I don't know what he means by "fixed account". I've never heard of a client entering into a contract with a brokerage firm like that. I'm even more baffled, lol.
 
SteveSBrickNJ said:
@DaveXA I spoke with my financial advisor today. He said I established my "fixed account" way back in 1997. My fixed account is part of as contract between myself and their company. For this reason my 3% rate is locked in and cannot go down. I am grandfathered in so to speak.
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You talking about a return or a fee?
 
Hello everyone! I'm a public school teacher. I have been since 1985.
I don't actually have a 401k.
I have a 403b. It seems I started it 1997.
I was told that my 403b functions the same as a 401k....they just give it a different classification name because it is for public school teachers.
Thus when talking about it with anyone but my colleagues or my advisor, I just say "401k" so people can relate. Not trying to deceive anyone....just trying not to confuse anyone.
Maybe my "fixed" account is an annuity. :unsure:
Here is a recap from earlier...
I said this to him today:
Steve: "True or False sir.......the fixed account I have with your company can never lose principal?"
Advisor: "True"
Steve: " I was on a forum recently where I stated that I have a 3% rate on this fixed account and someone thought that was really good...and they were asking me for more details".
Advisor: " It says here you started your relationship w/ our company way back in 1997. And....Back in 1997 the rates were better than 3%....so we entered into a contract(so to speak) with you...guaranteeing you that you would never have a rate that goes lower than 3% for the life of your time with us".
 
SteveSBrickNJ said:
Hello everyone! I'm a public school teacher. I have been since 1985.
I don't actually have a 401k.
I have a 403b. It seems I started it 1997.
I was told that my 403b functions the same as a 401k....they just give it a different classification name because it is for public school teachers.
Thus when talking about it with anyone but my colleagues or my advisor, I just say "401k" so people can relate. Not trying to deceive anyone....just trying not to confuse anyone.
Maybe my "fixed" account is an annuity. :unsure:
Here is a recap from earlier...
I said this to him today:
Steve: "True or False sir.......the fixed account I have with your company can never lose principal?"
Advisor: "True"
Steve: " I was on a forum recently where I stated that I have a 3% rate on this fixed account and someone thought that was really good...and they were asking me for more details".
Advisor: " It says here you started your relationship w/ our company in 1997. Back in 1997 the rates were better than 3%....so we entered into a contract so to speak with you...guaranteeing you that you would never have a rate that goes lower than 3% for the life of your time with us".
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Yeah, it sounds like an annuity. Also, I'm assuming you mean 3% rate of return.
 
DaveXA said:
Yeah, it sounds like an annuity. Also, I'm assuming you mean 3% rate of return.
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Yes. Rate of Return.
He said my "Science & Tech" did really well in the past....and 6 months or more from now it will likely do well again.
He named many companies in my fund that I recognized.
Big name Blue Chip companies.
So this obviously is Stock Market based typical 401k style stuff.
We have a face to face appointment for Wed. 1/18 after my school day is done.
He and I will talk about if I should stay the course with this Science & Tech Fund or go in a more predictable / stable direction.
 
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SteveSBrickNJ said:
Yes. Rate of Return.
He said my "Science & Tech" did really well in the past....and 6 months or more from now it will likely do well again.
He named many companies in my fund that I recognized.
Big name Blue Chip companies.
So this obviously is Stock Market based typical 401k style stuff.
We have a face to face appointment for Wed. 1/18 after my school day is done.
He and I will talk about if I should stay the course with this Science & Tech Fund or go in a more predictable / stable direction.
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I would suggest asking him if the fixed account is an annuity and separate from your investment accounts. Normally they're separate accounts. Also, yeah, I used to be a self employed minister and had a 403b account.
 
HSI up 2% already. That’s a China market index. It’s been on a tear since Nov 1.
 
SaintInBucLand said:
Goodbye BBBY
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I’m really really tempted on it. The vast majority of my realized BBBY gains from last August are still in my account untouched.

They filed a couple of forms today. Delaying earnings information. Canceling the bond deals. Some of the language in the filings almost look copy pasted from the RedBox filings before they got acquired.

I think BBBY is not getting acquired….I think they’ve already been acquired. And I’d be shocked if it didn’t involve Carl Icahn or Ryan Cohen
 
Turfie said:
I’m really really tempted on it. The vast majority of my realized BBBY gains from last August are still in my account untouched.

They filed a couple of forms today. Delaying earnings information. Canceling the bond deals. Some of the language in the filings almost look copy pasted from the RedBox filings before they got acquired.

I think BBBY is not getting acquired….I think they’ve already been acquired. And I’d be shocked if it didn’t involve Carl Icahn or Ryan Cohen
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Towel bros gonna towel.
 

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