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re: Employee Stock Purchase Program
Posted on 9/1/16 at 9:44 am to KingofZydeco
Posted on 9/1/16 at 9:44 am to KingofZydeco
quote:
never understood why people don't do the max amount of their ESPP. Even if you have little faith in the company, if you sell right away you still will turn a 8-9% profit.
That's what I started doing in 2014, with the maxing out. I work PT for Home Depot and they have an Employee stock purchase plan. I deduct 20% (max) of my check for it. At the end of six months they do a stock purchase at 15% below market. I haven't sold it, just forgetting it and letting it accumulate. My first buy was around $69 a share and it's been over $130 a share for awhile now. Last purchase in June was $108 a share, so made an instant 27 bucks a share if I had sold, but like I said.. just accumulating shares and reinvesting the dividends for now.
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