I don’t see my 401k match when is that gonna show?
12 replies (most recent on top)
For the first time, I actually left my match in the ESOP fund and I'm up about 20%. It was such a small amount compared to the total balance, that it was worth a shot. Might transfer it out now though.
hy Wells Fargo Could Shine in a Softer Landing:
Rates pivot, optimism ahead: The Fed's recent change in stance opens the door for potential rate cuts, a positive catalyst for Wells Fargo and the broader financial sector. This could fuel a rally similar to the recent uptrend in U.S. regional banks, reminiscent of the post-Silicon Valley Bank rebound.
Soft landing in sight: Economic projections point to a moderate US growth of 1.4% in 2024, suggesting a soft landing is more likely than stagflation. This scenario bodes well for Wells Fargo, which thrives in stable economic environments with rising asset prices.
Resilience in a complex market: While stagflation or a deep recession could pose challenges for the banking industry, Wells Fargo, as a large and established player, has the potential to navigate these scenarios better. Its diversified business model and strong capital base can provide stability even in turbulent times.
Time to hold or buy?: With the Fed's pivot, positive economic outlook, and Wells Fargo's inherent strengths, now could be an opportune time to hold your existing position or even consider buying in. The potential for further upside in a softer landing scenario shouldn't be overlooked.
Additional considerations:
Regulatory overhang: While past scandals have weighed on Wells Fargo, recent efforts towards regulatory compliance could pave the way for future growth.
Competition: The financial landscape is constantly evolving, with new entrants and fintech solutions emerging. Wells Fargo's ability to adapt and innovate will be crucial to its long-term success.
If it's like last year, it may not actually show up in Empower as available until the first trading day of 2024, so January 2nd.
Make sure that as soon as it does show up that you get the money OUT of Wells Fargo stock. Look at WFC versus the S&P 500 for the last 10 years and you'll see that the S&P 500 outperformed WFC by about 170%.
Get your money out of WFC unless you just want it to be wasted.
Ever heard of a "BAIL IN?" Look it up and/or watch the Great Taking by David Rogers Webb.
@ggg-1 I’m actually awesome just didn’t know the info. Sticking tongue out at you!
you have to be an employee on Dec 15 to get match which will then be deposited by last business day of year. you should have gotten an email. you can also search Teamworks for 401l match.
Always happens on the last trading day of the year
aint nobody going to get nothing Just another day on the plantation
Chainsaw changed the policy and you have to be an employee in the last day of the year. Go check out the benefits book to confirm.
12/29 is the last paid working day of the year that the match applies to. . Can’t post until then.
You should know Shart will hold it as long as he can…..12/29