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Archer-Daniels-Midland Company Message Board

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  • markp1950 markp1950 Apr 10, 2007 8:08 PM Flag

    Downward pressure...

    > You guys are brave. I will admitt that as a percentage of
    > my 401K, ADM is well represented. But not at an 84% level.

    Well as of today, value wise it's now 86%....

    It's my 401K, cuz I work for them turkeys, and my only choices are ADM stock and a bunch of wimpy mutual funds...

    ADM will move the most so I try to keep it in the stock when I feel it has the best chance to move up.... When I feel it's going down I transfer it to a mutual fund.... It takes me a minimum of 4 days to sell the stock, transfer it to a mutual fund, and transfer it back. It has warked pretty well, I've done it about 5 times and so far I've only screwed up 4 times. The transfer gives me free shares. First time I got 350 free shares, second time I got 240 free shares, third time 50 shares, fourth time 120 free shares, fifth time I lost 130 shares. Works out to about 630 shares, or almost 24K in free money, or I may retire a year earlier. No worry about taxes, and in about 6 months I got enough equal to 4 years of scratching and saving.
    But I work at it HARD every day..... But it's still easier than working at it...

    MarkP

 
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