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re: Employee Stock Purchase Program
Posted on 8/10/16 at 12:44 pm to notiger1997
Posted on 8/10/16 at 12:44 pm to notiger1997
That is our exact setup. $12500 max.
0
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
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.
Posted on 9/2/16 at 6:23 am to Spec1
We get a similar offer. 15% discount and you give money out of each check for a 6 month period. Purchase stock at the price of the stock on the first or last day of the 6 month period, whichever is lower. For a while, I was making an immediate 30%+. I still have yet to lose money. It's a hard deal to pass up. I max it out.
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