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Sell UPS Stock and put into TSP?
Old 01-07-2010, 12:06 PM   #1
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Sell UPS Stock and put into TSP?

I currently hold 600 shares of UPS stock, I am a federal employee now with at least 13 more years to go before retiring. What does everyone think about me selling this stock and throwing the funds into my TSP? I am not thinking of selling it right now, last time I checked I think it was at $58 a share, I can wait, right now it is not nearly as high as it was about a year and half ago (I think it was $78?)...just seeking other thoughts and comments.

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Old 01-07-2010, 02:45 PM   #2
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Is the stock in an IRA? Otherwise do you mean you are going to increase your contributions up to your 2010 or future contribution limit by the amount of the proceeds of a sell?

"The four most dangerous words in investing are 'This time it's different.'" - Sir John Templeton
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Old 01-07-2010, 02:46 PM   #3
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I know nothing about UPS stock, but I am a retired federal employee. I am wildly in favor of doing whatever possible to increase the size of one's TSP.

From 2003-2006, my TSP did extremely well in C, S, and I funds.

During the 2008-2009 economic collapse, it was nice to know that my TSP was invested 100% in the G Fund (to which I shifted it in late 2007, in preparation for retirement).

Now that I have retired, I mailed off the forms to start equal monthly withdrawals and I am looking forward to this income stream.
"You can never cross the ocean until you have the courage to lose sight of the shore." - - - C. Columbus
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Old 01-07-2010, 02:47 PM   #4
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I don't think UPS will go Enron, but I would do it (I'm assuming the UPS stock is in an IRA or 401K) if for no other reason than to eliminate a lot of single-company risk.
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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Old 01-08-2010, 08:10 AM   #5
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I like the TSP a lot and putting all you money there can work, especially compared to just owning a single stock. But if you have money outside of the TSP there are other good things you can do to compliment the TSP which does not have things like REITs, foreign bonds and specific dividend paying or value stocks which may be of interest. And outside funds also allow more flexibility in withdrawals.
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Old 01-11-2010, 07:46 PM   #6
Confused about dryer sheets
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Thanks everyone for your comments. The stock is in an IRA, and many of the points made here are ones I lean more towards for my reason for thinking of selling it. As of today, their stock is at $62, but I will wait just a while longer and monitor it before I sell it and move it to the TSP. I appreciate everyone's time to reply.

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