Thread regarding Walmart layoffs

401k and Associate Stock

Many months ago I read something on here about the 401k plan and buying Walmart stock. I’m single and don’t know about that stuff but got my sister’s husband to help me look through it. Over the weekend we took a look at everything and I was pleasantly surprised how much I’ve made in the 401k and with the stock. I had no idea I could make money like that without even trying. Even if you don’t like working for Walmart, you should at least be taking advantage of the stock and 401k thing. If you’re not doing it, you’re making a mistake.

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Post ID: @OP+1iGamJ61

17 replies (most recent on top)

So yes. LOL. Take advantage of the free money. Glad you looked into with people you trust.

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Post ID: @nici+1iGamJ61

Another completely wrong post. First, Walmart stock is not part of the 401k, per say. There is no Walmart fund so to speak. Also, you can watch the performance of any fund daily and move your investments to anything you want, including stable cash funds. So only the way you might lose is if you don’t watch it, or don’t take action. Of course, you can put your money in a cash fund and just let it ride.

Keep trying, BUFF

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Post ID: @cykn+1iGamJ61

491k and you lost not a cent. your one of the few people to do so in 2008. After the hourly were suduced into thinking wmt 401k with wmt stock was a huge huge win , you say you did not lose a cent. carefully selected stocks and bonds from kroger, costco, and target no doubt. Cant understand what your doing here except to set up your next ki----g. bud walmart cancled billions of dollars in contracts, think you and corporate will make enough from that? spend alot of time researching, i can understand that considering your job at corporated is effortless make it through the day job. They have a new term for that. Masters, english professor and now a finance wizzard. I do believe you why else would you be in walmart most depraved disconnected culture ever.

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Post ID: @bccc+1iGamJ61

I don’t understand why you would need to ask your sister husband you could simply go on google and do the research yourself just want Walmart weds another damsel in distress

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Post ID: @7efd+1iGamJ61

BUFF, I know this will disappoint you, but like most informed investors I never lost a cent in 2008. The idea in the 491k is to make money, not lose it. The walmart 491k gives you all the information and tools to move current investments between funds and to select funds for new investments. Ok, so it’s true you have to be able to read up on funds and then take action. Or, if you don’t want to do that, you can put your investments into cash funds and just let it ride. I don’t expect you to know that but, it just nullifies more of what you said. Your last post is meaningless and wrong, once again.

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Post ID: @7tyi+1iGamJ61

Glass house y ou missed your calling. I've had this feeling you are an english major in drag. You do give the impression that is your strong point except for misdirection. Your good on focusing on the irrelivant. All that aside your going to be a sad 401k loser. Time to retire to at least have something. You have to recall the crash in 2008, you losing doesnt bother me your focused on the irrelevant a disconnect i'll point out to you. Time to be in cash except for you, stay in wmt stock and 401 k. Sam's clubs shown the way. Thoes 10000 EV wmt is buying is still a joke. Well the parking lots are big enough to let them sit.

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Post ID: @6rdr+1iGamJ61

Another unintelligent post by the no-life. Let’s review their entire post:

Clarity: D-
Grammar: F
Punctuation: F
Mastery of English language: D-
Truthfulness: F

All in all, another post filled with spite and lies. Sad.

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Post ID: @6vyo+1iGamJ61

master's degree, snow king you should be fired on the spot. Your stupid ignorance is a prime example of why: layoffs and store closings begin at the corporate level and you will never hire someone smarter than you. You are an example of walmart corporate decay. Just talking tough attempting to display somekinda depth of knowledge and understanding. King snowman. Masters degree or are you a relation red arrow.
Im not spoon feeding you , you'll have to get out of your comfort zone and actually do something. I mentioned bail-in - you disconnect from reality. Check cypress bail-in. How does the FDIC get funded? Getting too complcated still out to lunch? Look up bank holiday . Just pennies on the dollar , concepts that are hard to grasp I bet.
If its raining out do you just walk outside and complain that no one told you it was raining?
Depraved, disconnected, stupid, ignorant, not to be trusted, dangerous present walmart corporate culture.

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Post ID: @5ytf+1iGamJ61

“ if a bank loses your $ thats on you. “

How stupid. Go to your bank and look on the door for the FDIC sticker. That’s the Federal Deposit Insurance that protects bank customers in case the bank goes under or whatever. Your money is, of course, safe at a bank.

That person really has a wet one for Walmart, eh? Except they keep making an absolute fool of themselves. It’s their destiny. I suspect ignorance has been the major hurdle in their life.

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Post ID: @4jhm+1iGamJ61

in 2008 lost about 60% in wmt stock and 401k. that was do to economic conditions. you will lose due to present and future economic conditions. If you can keep cash, not in a bank though. if a bank loses your $ thats on you. bail-in . hold onto to cash . all layoffs and store closings begin at the corporate level. let walmart minister of trurth sink with walmart. keep buying buddy couldnt happen to a better minister of truth.

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Post ID: @4duj+1iGamJ61

@3yer+1iGamJ61 You are a bold face liar.

The previous post is a pack of lies on so many points. Why so mean? What did Walmart ever do to you? And why would you intentionally put out that kind of ignorant stuff?

Walmart makes no money on the ACNT (associate critical need trust). Requests for funds and help are routinely approved. Everything from home fires, tornados, medical emergencies, etc. You can get the details on who holds the money and how it is managed and audited anytime you like. ACNT is happy to tell you how it’s managed. Just ask.

CPAC is a political organization that puts on a yearly conference. It has nothing to do with Walmart.

However, Walmart DOES have a political action group. Typically, salary associates at home office might get an email offering a chance to donate. It’s not required, though. I never have. Most Home Office salary associates don’t, either.

You can see the person that put up that previous is totally wrong and intentionally trying to make things look sinister or evil. Ask yourself why would they do that. Because they are a low life, ignorant, slimy piece of worthless cr*p.

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Post ID: @3wpq+1iGamJ61

You will not be able to take anything you save to heaven or the other place if you leave this earth !

They suck you in to this so the company can live off the interest of your money that they are making off of you!

Just like the associate emergency plan = that gives money to associates that need it if their house burns down = facing eviction - water / gas / electricity is getting turned off. but they never pay those that apply - they always deny the claim!

What about the money asked from you to donate to CPac ?

They put the money in an interest bearing account and use it's profits then deny you / tax you / penalize you for taking out !

Your better off right now keeping cash onhand in your mattress!

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Post ID: @3yer+1iGamJ61

Oh, I definitely agree. I do buy stock and have for years. The extra money is nice and it doesn’t matter what the price of stock is since we ALWAYS get it at a nice 15% discount. We don’t always sell it all. The 401K thing just let me say this, it’s for retirement. It’s retirement savings. You can’t get the money right away. But isn’t that the whole reason for 401K?

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Post ID: @3wvk+1iGamJ61

@1abu. Walmart stock didn't even come close too 100 dollars until late 2018. Look it up genius. Only recently it hit 150. What goes up. Must come down. Stock doesn't keep climbing unchecked. LOL You're absolutely right. Put your money in stock and 401k NOW. It's not worth it right now. Inflation is too high. Your money can disappear quicker than you can add it in.

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Post ID: @3vyy+1iGamJ61

@iabu. Nothing is free. I bet you also take deductions pre tax. Oh, Don't forget about President Bystanders capital gains and taxes on your projected future gains. HaHa. You really don't know. Now is not the time to throw money away. Every stock is falsely inflated. Look at the housing bubble. Only the floor traders and hedge fund people are making money. A fool and their money are soon parted

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Post ID: @3pis+1iGamJ61

@1abu+1iGamJ61: let’s just see how wrong you really are.

Walmart stock traditionally runs about $150. Look at the 5 year average. Right now, you can get Walmart stock for about $111 in the Associate Stock Program. Unless math has changed, that’s a $39 profit per share. If you just bought 1 share of associate stock per pay period, your profit would be over $1000 per year. That’s $1000 you can blow on anything you like. Sell those shares every year and give yourself a wonderful Christmas.

The 401k program has numerous funds you can invest in, including a money market fund. Walmart will match your contribution up to 6% (I believe) so even if the fund makes no profit, you still make 6% profit automatically overall. That’s like free money.

So you decide. Talk to someone that has some financial prowess and knowledge. You’re literally a financial fool if you don’t take advantage of these two financial opportunities. If you walk away from free money, you only have yourself to kick.

I date anyone to dispute any of this with solid facts.

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Post ID: @2lxm+1iGamJ61

Yeah, you buy stock at a 15% discount. I do it from my paycheck, I don’t even miss it. Then I sell the stock once a year when the price looks good, like $150 or something. The 401k they match what you contribute and it builds.

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Post ID: @1grf+1iGamJ61

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