Members pappyld04 Posted August 10, 2008 Members Report Share Posted August 10, 2008 I recieved my quarterly statement a few weeks ago that only show my stocks. I had previously cashed out that 401 but they did not cash out my stocks in that company. The statement before this one showed that I had lost $200 overall. This one shows me getting that one back and then some. I called the company that oversees the plan and talked to a few people who, of course, had to read me certain statements before they would send the paperwork. When she asked if I still wanted to proceed and she I told her that I think it's time to cash it in she didn't come right out and say it but she agreed that I'd probably be losing otu if I held onto them! When I cash out the other part of this I was only looking to recieve about $2,800 or so but by the time I got the check it was almost $4,000 and that was even after they held the taxes out! If you guys have stocks in that (oilfield) area you'd better be watching closely! Quote Link to comment Share on other sites More sharing options...
Members pappyld04 Posted August 10, 2008 Author Members Report Share Posted August 10, 2008 They say I'm still making money on the other side too even though I cashed that part out a while back! Quote Link to comment Share on other sites More sharing options...
Members mystofpric Posted August 10, 2008 Members Report Share Posted August 10, 2008 They say I'm still making money on the other side too even though I cashed that part out a while back!Do you have it payroll deducted? Because I know my 401is matched so I add about 1% of my pay check and they match it. So maybe your still pumping money in? Quote Link to comment Share on other sites More sharing options...
Members pappyld04 Posted August 11, 2008 Author Members Report Share Posted August 11, 2008 It was from the payroll but I haven't worked for them in years. I had cashed it in long after I quit them so there was no money from me being added. Quote Link to comment Share on other sites More sharing options...
Members mystofpric Posted August 11, 2008 Members Report Share Posted August 11, 2008 It was from the payroll but I haven't worked for them in years. I had cashed it in long after I quit them so there was no money from me being added.Maybe it's just magic? i'd check one last time that you actually have money there and it's not a fluke then cash out again only this time completely (if your so inclined). Quote Link to comment Share on other sites More sharing options...
Members pappyld04 Posted August 16, 2008 Author Members Report Share Posted August 16, 2008 After taking the $200 loss a few quarters back I faxed the papers in last night. When I bought them they were around $20 or so each. This company has been here a while but they are not spending their money in the right way. I'm really surprised that they didn't drop further. I think they are looking to sell out to a larger company so they are sort of idling along! Quote Link to comment Share on other sites More sharing options...
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