Last week was a tough week on the street. WMT stock has dipped. The Dow was basically routed on Friday because of the SVB failure. And on top of all that, the Fed is talking about additional and higher rate hikes at a time when many economic experts are warning of recession. Now is a good time to get into the Walmart 401k program and the stock purchase plan. With stock, you buy it at a discount, so buying now while stock is abnormally low (called buying the dip) gives you the opportunity to make a potential profit somewhere in the neighborhood of $35 per share. If you extrapolate that out to a year and buying one share of stock per pay period, that works out to about a $900 profit per year, and you still have the value of the original stock, say somewhere in the $3200 range. With the 401k, Walmart matches your paycheck contribution up to the max allowed by the plan. So you immediately make a profit. And then let Merrill Ly--h just do the investing for you, or do it yourself (it’s not that difficult). Both the 401k and stock program are great ways to establish and grow some financial wealth. There’s no reason not to take advantage of these benefits.
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I don't think so. Inflation has ravaged the average American household. Disposable income is way down and people are buying very little other than food, which has the lowest margins for retailers. March retail sales were anemic. Energy prices have jumped. The consumer is tapped out. Certainly fund your 401-k at the 6% match, but I wouldn't be looking to invest in the market until the Fed begins lowering rates probably sometime late this year or early next. With money markets paying nearly 4%, that seems like a sure bet for the next 6 to 12 months.
The OP isn't wrong, but makes this too complicated. $70 per pay period maxes out the associate stock plan match with the company throwing in another $10.50. Walmart has a very stable stock price that largely tracks inflation over time, and has a decent dividend to boot. Once you have your Computershare account established, set the dividends to reinvest and over time it will juice your returns through compounding. It's been about 3.5 years since I last sold (to buy a house) and I'm sitting on nearly $9,000 now. You can sell at any time you need to (it's your money immediately) and the fees are low to do so.
As for the 401k, Walmart offers a DOLLAR FOR DOLLAR match up to 6% of your income. That's automatically doubling your money. It also lowers your taxable income, so if you're concerned about the affect on your net paycheck, it won't be as bad as you think because it changes the calculation in your favor. You can always start at 2-3% and nudge it up at any time. Walmart makes it easy too by offering an automatic investment mix based on your likely retirement age. Looking at my account over 15 years, 1/3 is my contributions, 1/3 is Walmart's, and 1/3 are market gains, even with the recent turmoil. You CANNOT beat that deal.
When I had hourly associates working for me I would always hit these two things in meetings as something all of them should take advantage of. Maybe 2 in 10 would. You can lead a horse to water but you can't make him take free money I suppose.
Its a retail stock. Look at that last 5 years vs Target. IF you have a 401 any and all financial advisers will tell you to contribute a % to it.
President Bystander hasn't finished destroying our country yet. I would hold on for a couple years
Is this possibly insider trading information . It would be from the crime city Bentonville. Hope SEC is paying attention. Tried to find date of origional post. Insider trading until otherwise.
Walmart propaganda lead thread
I don’t think this is even close to the bottom yet
There is a bridge in Brooklyn thats up for sale. Than there is a bank in SF called SVB thats a good buy . The best place for your hard earned money is Kroger-Albertsons after the merge.
Are you kidding me. That's why Alice and Robson and Doug are selling. Whoever thinks this is a good idea surely has walmart's integrity. Depraved, demonic, woke and soul less is the poster who wants you to own nothing and be happy. May as well take what you have and invest in Woke. Lets see banking crashing, people being laid off by the thousands, stock market crashing, walmart stock down from where Robson sold and anything to keep stock price up until souless sells his.
Good Post