Ready To Join Stambush!

​Giving Staffing a Good Name

401K Meeting
 
Our 401K meeting this past Sunday was very informative. The bottom line is that since Stambush gives up to 4% in matching, it is difficult to understand why everybody is not in the 401K. Here are some other basic things some folks might not have thought of:

    The 401K is open for all employees (full time, part time, and PRN) after 90 days of employment.
    The 401K reduces the taxes you pay when you have your money deducted from your paycheck and put into the Stambush 401K.
    The money Stambush gives you in matching is not taxed until you take it out.
    If you invest wisely and have gains, the money you put in and the money Stambush matches grows without being taxed until you take it out.
    You have the option of going the traditional mutual fund route or you can buy your stocks individually and directly.
    Each employee is responsible for ensuring that they are in the 401K Plan.

 
For all Administrative Questions call:
 
Rochelle (Larae) Worthington, President
 
If Larae is busy, any of her staff should be able to help you.
 
The Allocation Company, Inc.
800 Town & Country Blvd.
Building 12, 3rd Floor
Houston, TX 77024
(832) 431-3223
Lworthington@allocationcompany.com
 
For Investment Advice for the Funds offered by Nationwide:
Jackie Sheahan
Senior Financial Consultant
BancTexas Investment Center
A division of BOSC, Inc.
5320 Bellaire Blvd
Bellaire, TX 77401
Ph: (713) 578-3413
Fax: (713) 578-3715
 
To Buy Stocks Directly (Self Directed Business)
 
This option is not very common in most companies, but we have the option to buy our own stock directly. Call Grace for the paperwork because there is some extra paperwork, rules, and fees, and, have a talk with yourself because you will be responsible (unless you want to pay an advisor out of your own pocket) for the success or failure of your investments.
 
What do I do?
 
I buy my stocks directly through the Self Directed Business option offered by Ameritrade. I get my ideas and advice from a stock picking service called The Motley Fool. I have made money and lost money. My investment ideas have changed over the years in that I used to look for beaten down cheap stocks that I hoped would be the “next big thing,” and now I am on the verge of just putting my money with big winning stocks that have been winning a long time. For instance, I like Warren Buffet’s stock, Berkshire Hathaway. I buy the B (non-voting shares) because they are around $96 per share as of this writing. If you want to buy the A shares, one share will cost over $145,000 as of this writing. I also have Apple, Google, Amazon and others. My biggest loser right now is MAKO. They do robotic surgery. Some of you in outpatient may know something about this company. My biggest winner is Amazon. Apple, Berkshire Hathaway, Inc., and Google are also winners.
 
My Advice!
 
Don’t follow me. Take responsibility for your own outcomes. Don’t sue me if you follow me and you lose. Do your own research and make your own decisions. There are other stock picking services besides The Motley Fool, so I am not even saying anyone should join The Fool, and I am not making any recommendations at all between stocks and/or mutual funds, bonds etc. Keeping all of my above advice in mind, I will either publicly or privately share my thoughts about investing with anyone. So, feel free to call me, and remember not to be mad and/or sue me or Stambush Staffing if you are not happy with your returns. Your returns are your returns. By the same token, don’t get mad if you choose to go the mutual fund route and a friend of yours in Stambush goes the Self Directed route ends up with a whole lot more money…or vice-versa. Finally, some of you are young enough to have millions of dollars by the time you retire, but you have to invest smart. One of our awesome therapist at the meeting mentioned how she has been investing in mutual funds since her 20s and now is close to 40 and feels like she isn’t going anywhere. I do not know the answer. I just know I want to put you all in a good position to be well off. I am really praying that you will all retire rich. That will be a fantastic thing for us to “shock the world” with our business and the opportunities we represent.
 
Conflict in the Field
 
This issue came up the other day, and here is the question and answer in black and white copied straight from the Texas Board of Physical Therapy Examiners (http://www.ptot.texas.gov/physical-therapy/pt-resources/pt-faqs?view=category&id=95):
 
Eval, Re-eval, Discharge
 
A PTA is treating the patient and it has been 30 days since the last reevaluation. The doctor has authorized two more treatments. Does the PT have to reevaluate the patient before those two treatments can be provided by the PTA?
 
Yes. Regardless of how many treatments are left, the PT must reevaluate the patient before those treatments can occur, once 30 days have passed since the last evaluation or reevaluation. See the Board rules, §322.1(b) 11/06