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Thursday, July 26, 2007

U.S. 801(k) Plans

I won't comment on this, you can draw your own conclusion from this article:

http://www.stansberryonline.com/PRO/0706TWP80199/WTWPH719/200706TWP-801-99.html

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at 1:46 PM

3 comments:

Anonymous said...

There are no such things as "U.S. 801(k) Plans". They are complete BS used by shyster company called Stansberry Research who has already been punished for this kind of stuff.

If you read their descriptions carefully, they are merely describing a very well-known investment tool called Dividend ReInvestment Plan or DRIP. This allows you to 1) buy stocks directly from a company 2) reinvest your dividends back into company stock. Some companies will let you buy their stock at a small discount. What are the downsides? 1) Some companies charge fees when you buy stock and/or reinvest dividends. 2) You can't choose when to buy the stock, the company decides. 3) All stock bought through the company is held by the company in your name. If you want to give/transfer the stock to someone, you have to call the company directly to take care of it. 4) There is usually a fee to sell the stock or request a stock certificate.

Sunday, September 09, 2007 7:38:00 PM
Bobby "the Blue" said...

Thanks for your input! I only wish you posted a name, let us know who you are.

Sunday, September 09, 2007 11:46:00 PM
Anonymous said...

a friend was trying to get me to invest in this stuff...........i find it hard to believe in this kind of stuff when things in this world is so tough. b.b.

Wednesday, March 26, 2008 9:16:00 PM

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