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UKFF Stock Dabblers


neil

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I'm considering getting into it - if there isn't a big gap between the wife's graduation and getting a job to pay the student loans, I might be looking into which is the more viable, paying off a lump sum of her loans, or sticking her loans, tax refund, and my bonus into sum sort of stocks or bonds, and seeing if the stock action will exceed the vig on her loans (5.5%)

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I'm considering getting into it - if there isn't a big gap between the wife's graduation and getting a job to pay the student loans, I might be looking into which is the more viable, paying off a lump sum of her loans, or sticking her loans, tax refund, and my bonus into sum sort of stocks or bonds, and seeing if the stock action will exceed the vig on her loans (5.5%)

 

I'd avoid bonds because they aint yielding shit right now. A risky play that can garner some decent returns is looking at some BDC's (Business Development Companies). Basically companies that lend money to other companies. They have a tax status that requires them to pay out 90% of their profits. I have a couple that pay out monthly dividends of over 10%. I own PSEC and FSC. PSEC is pretty solid, but I'd wait for their price to drop a bit before getting in. I bought in when they dropped to $8.35.

 

I took a bath when the stock market collapsed in 2008, so I'm not doing that again.

Did you sell all your holdings off then?

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No, but I now have a bunch of tech stock that's still worth way less than I paid for it, the stock values never having recovered to their previous highs.

 

It's my own fault - I bought stock through an employee incentive scheme, and had I sold it on the day it vested I'd have made a guaranteed profit; but I thought I'd wait and see what happened. I go away on holiday for a week, and when I get back the stock market has collapsed :(

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Aye. I've never really heard a good thing about employee stock incentives.

 

Never mind Loki....I own Nokia stock :crazy:

My company does a sharesave scheme where for three years an amount is deducted from your salary each month and placed in an account with Yorkshire Building Society. At the end of the three years you can either have your money back or use it to buy shares at a discounted rate (based on the price of the shares at the time you started saving).

 

This has worked out well for me as the discounted price i'll be buying at in July is

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No, but I now have a bunch of tech stock that's still worth way less than I paid for it, the stock values never having recovered to their previous highs.

 

It's my own fault - I bought stock through an employee incentive scheme, and had I sold it on the day it vested I'd have made a guaranteed profit; but I thought I'd wait and see what happened. I go away on holiday for a week, and when I get back the stock market has collapsed :(

 

I have to opposite of this, I had the chance to start one of these schemes in 08 and by just investing

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My company does a sharesave scheme where for three years an amount is deducted from your salary each month and placed in an account with Yorkshire Building Society. At the end of the three years you can either have your money back or use it to buy shares at a discounted rate (based on the price of the shares at the time you started saving).

 

I've had reasonable experiences with Sharesaves. The one I did at my last company got me ~50p a share profit as I sold them as soon as I got them. They'd dropped when the Mrs last did it, so we just took the money + regularish savings account interest instead of taking shares at the offer price.

 

A friend of mine got in on the go round after me and would have made nearly

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