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re: Advice wanted on employee stock ownership plan
Posted on 4/9/14 at 11:04 pm to FootballNostradamus
Posted on 4/9/14 at 11:04 pm to FootballNostradamus
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%.
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 on 4/9/14 at 11:10 pm to FootballNostradamus
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.
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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