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re: Employee Stock Purchase Program
Posted on 8/9/16 at 9:14 am to Spec1
Posted on 8/9/16 at 9:14 am to Spec1
I am not sure I would in your situation.
Our company is strong and they offer to us at a 15% discount. They give you your share the first week of the new year and take 15% off the lowest price of the previous year of either first trading day or last trading day of said year.
Our company is strong and they offer to us at a 15% discount. They give you your share the first week of the new year and take 15% off the lowest price of the previous year of either first trading day or last trading day of said year.
4
Posted on 8/9/16 at 9:27 am to notiger1997
What am I missing here? If stock is trading at $10 and he buys at $9 then immediately sells at $10, he pays taxes on the $1 gain so he makes 60-65 cents per share (minus transaction costs). Not sure I would buy a lot for the long term as you already have exposure to your company's downside through your employment, but why not flip a few shares?
Posted on 8/10/16 at 11:32 am to notiger1997
quote:
Our company is strong and they offer to us at a 15% discount. They give you your share the first week of the new year and take 15% off the lowest price of the previous year of either first trading day or last trading day of said year.
Same. Stock is up ~20% on the year, so right now we are sitting at a 35% discount if the first trading day of 2016 is used. People are dumb not to max it out, but many don't even contribute.
This post was edited on 8/10/16 at 11:33 am
Posted on 8/10/16 at 12:44 pm to notiger1997
That is our exact setup. $12500 max.
Posted on 8/31/16 at 10:09 am to notiger1997
quote:
Our company is strong and they offer to us at a 15% discount. They give you your share the first week of the new year and take 15% off the lowest price of the previous year of either first trading day or last trading day of said year.
So you have to sit on that money for 2 years (1 year in employer's cash account and 1 year in your ESPP account) before you can sell and avoid being taxes as ordinary income?
This post was edited on 8/31/16 at 12:58 pm
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