I have a fidelity auto managed portfolio which doesn’t allow me to buy chevron stock.
Is there another way I can register in a stock purchase plan so that way it pulls from my paycheck? Any help would be cool
6 replies (most recent on top)
"New Employee" and you're already on The Chevron Layoff? This must be that "Chevron Way" stuff in action!
@1khs has it right. If you really want advice, go see some of the older employees (over 40, over 50 if you can find any). Through smarts or experience, they've learned the right way to do things.
I generally go to the layoff boards for my company to ask those who got sh!t-canned how to handle my finances. Just sayin'.
Do that this person said. While your planning for your future go read/study/lessen to Dave Ramsey. Pay down your debt and don’t go into d-mb debt.
The peace of mind to not owe anyone anything is a wonderful feeling. With that said I don’t have the latest and greatest F250 but I know if thing got really bad I could make it for a long long time without any issues.
Don’t buy the company you work for, but rather broaden your risk pool: Chevron is a great company but you don’t want your investments to crash at the some time you are laid off. First step invest enough in a broad-based index fund to get the full company match, second load that 6k into a Roth, and when you start making too much for a Roth max out your 401K. Build up your broad based foundation, and then if you wish take 10-20% to starting playing with higher risk investments. All that you can save earlier with pay off big due to compounding by the time you retire.
The time to buy was in 2020 when the price was below $80 and the id--ts on this board were screaming its the end of the oil industry.