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re: Advice wanted on employee stock ownership plan

Posted on 4/9/14 at 11:04 pm to
Posted by FootballNostradamus
Member since Nov 2009
20509 posts
Posted on 4/9/14 at 11:04 pm to
To answer your question, though, I'd contribute as much as they'll allow you. Unfortunately you're buying at a time when CBI's stock is the highest it's been in its company's history so not exactly the best time to enroll, but you should be solid.

I will tell you, however, that construction is very cyclical from a financial standpoint. This will need to be a longterm hold or you're gonna drive yourself crazy. There's also a two year minimum or you forfeit the 15%.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37162 posts
Posted on 4/9/14 at 11:10 pm to
15 percent is a great discount, provided the stock doesn't go down 20 percent in value over the long haul.

In other words... don't ever do it with retirement dollars (you don't to lose your job and your money if the company has a problem) and research/track it like you would any other stock.
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