If you currently have more than 10% in CSC stock in your 401k portfolio they didn't make you reduce your holding. But you can no longer purchase new shares that bring your percentage over 10%. So if you are currently over 10% you can't purchase any more CSC stock in your portfolio.
How is it bad news? Also, you said earlier that it would be $40 AH Today.... You seem to be on the wrong side of this one. Not sure if I trust your advice. Anyone else?
The share price is climbing? But What happens when they split? Will it go higher? Will the price itself split and shareholders will end up with shares in both companies??
Replying to my own message like a boss!
So I've been doing some research and the best mix for my portfolio that I've found is going to be:
50% - Target Series Retirement 2060
40% - Global Equity Index Option
10% (forced 10%) - CSC Stock
IF they don't force me into 10% stock. I think it will be this:
25% - Target Series Retirement 2060
25% - Global Equity Index Option
50% - CSC Stock
Do your own research, use the tools from the investment website from aon hewitt and take a look at the performance of the funds and the fees involved and pick the funds that are doing the best and don't whack you with crazy management fees.
Looking back at my entry point in this little ol POS and the corresponding price of gold back then....we should be over $20 at this point with the POG where it is....and on our way to $30 what is going on?
There were several choices that were directly related to stock symbols that we could check. I've been doing quite well in the US Equity Fund. The performance of that fund was identical to W4500.
Now there is nothing we can actually follow to make sure they aren't stealing our money except for CSC stock and they're bound to yank my holdings out of that any day now. It all feels very Bernie Madoff-ish:
Me - Hello CSC? How is my money doing?
CSC (BM) - Aye, it's doin fine. We got you.
Me - No seriously who can I talk to find out how my money is doing?
CSC (BM) - That would be me, and from what I can tell here in my secret made up world of looking at "your" money it's fine...shaddup about it. You aren't supposed to be looking at your 401k anyway kid. Go outside, read a book or something."
Same here! I used the CSC shares in my 401k and took chances on earnings announcements and news over the past few years to really beef up my portfolio. This new 10% limit stinks.
Good catch. I stand corrected on that point.
And what is your point beside correcting that bit of info? Any insight into the sale, the upcoming rise or fall?