re: Advice wanted on employee stock ownership plan

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15 percent is a great discount, provided the stock doesn't go down 20 percent in value over the long haul.

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15 percent is a great discount, period. You have no way of knowing how it will do after that.

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don't ever do it with retirement dollars (you don't to lose your job and your money if the company has a problem)

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That's why I suggest selling every so often the portion that is only subject to LT cap. gains. You don't want to own too much, but you don't want to pay the higher short term rate either.

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research/track it like you would any other stock.

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No, just sell it every so often as described above. Individual investors generally have no idea how to do quality equity research and don't have enough money for it to be worth the trouble if they did.