Does anyone invest some of their paycheck in the Walmart stock on Walmart one? If so is it good?
9 replies (most recent on top)
Definitely invest in the two. Walmart stock and in the 401k. I did it for about 20 of my 24 year time. With the stock that was purchased I was to sell some when a life emergency came up. Then later paid for my daughters wedding. The 401k is an awesome retirement benefit. If you leave the company you can roll it over to whatever company you go to or go to your bank and talk to an investor person there. I left after almost 25 years and rolled it into an IRA at my bank. I actually set it up to get a monthly check. Although the account lost quite a bit during this pandemic it will bounce back. After I quit I cashed in my stock and was able to do several upgrades to our house. Sooooo yeah, it's a great way to save for your future.
Sam's matches 15% of whatever amount you want to put towards it out of each paycheck. It is ONLY Walmart stock. When I first started over 25 yrs ago, it was about 17.00 per share and even split a few times...meaning you would have double the shares at half as much. That made it more shares to grow in the future. It is after tax dollars so you do not have to pay tax anytime you want to get some of your stock money out.
Imagine all those Sam's and Walmart associates, world wide, buying Walmart stock. Quite a gimmick! But you won't find a 15% growth at any bank. Their stock has been growing recently and will eventually go down some...after the buying frenzy slows down. Still a good benefit.
If you want stock diversity, get in the 401k. You can manage changes along the way yourself just by looking at periodic trends. The tax advantages are tremendous, and the company matches 100% of what you put in, up to 6% of your pay. Free money.
you choose an amount to be deducted from you pay each pay period , generally that amount stays the same for many months at a time. The company then adds to that amount an amount equal to 15 percent of the amount you had deducted . IE you deduct 100 dollars. The company would add 15 dollars to that. The the company takes that total (115 dollars) and invests it for you in Walmart stock. This will continue til you either change the amount being withdrawn from each pay or you opt out of the program.
I am the op(original poster) of this post. I have another question?
Is it possible to have the system invest in the stocks and make changes automatically for me ? The reason I ask is because I don't understand investing in stocks. It is very confusing to me.
Thank You for your replies and advice.
Yes, 15% kicker, my bad.
Do it..it's matched 15 percent. I challenge new associates to do it when they start..great way to save money !
Some of it I bought at $48. Now it's $125ish. Plus 5% kicker. Hoping for a split. Get in now.
YES, it's good. If you plan on being there a while , DO IT.