Comments on: My Company’s Stock Purchase Plan, Take 3 http://www.consumerismcommentary.com/2006/11/14/my-companys-stock-purchase-plan-take-3/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Cujo http://www.consumerismcommentary.com/2006/11/14/my-companys-stock-purchase-plan-take-3/#comment-71172 Cujo Wed, 22 Nov 2006 12:30:11 +0000 http://www.consumerismcommentary.com/2006/11/14/my-companys-stock-purchase-plan-take-3/#comment-71172 I hear you - but don't let that stop you from doing the ESPP. Bear in mind that the annual return on this is far more than 15% - for example, the witholding from the last paycheck of the period makes 15% in two weeks! Just don't be greedy - if you don't sell immediately at the end of the period, this turns from a sure thing into a gamble. If you were going to buy stock in your company anyway, then go ahead, but don't let the discount sucker you into buying and holding stock you otherwise wouldn't. I hear you – but don’t let that stop you from doing the ESPP. Bear in mind that the annual return on this is far more than 15% – for example, the witholding from the last paycheck of the period makes 15% in two weeks!

Just don’t be greedy – if you don’t sell immediately at the end of the period, this turns from a sure thing into a gamble. If you were going to buy stock in your company anyway, then go ahead, but don’t let the discount sucker you into buying and holding stock you otherwise wouldn’t.

]]> By: Free Money Finance http://www.consumerismcommentary.com/2006/11/14/my-companys-stock-purchase-plan-take-3/#comment-70421 Free Money Finance Fri, 17 Nov 2006 11:22:03 +0000 http://www.consumerismcommentary.com/2006/11/14/my-companys-stock-purchase-plan-take-3/#comment-70421 Star Money Articles for the Week of Nov. 13... Here are interesting posts and news this week from the MoneyBlogNetwork members and beyond: Blueprint for Financial Prosperity suggests you photocopy the cards in your wallet. Consumerism Commentary decides to participate in his company's stock purcha... Star Money Articles for the Week of Nov. 13…

Here are interesting posts and news this week from the MoneyBlogNetwork members and beyond: Blueprint for Financial Prosperity suggests you photocopy the cards in your wallet. Consumerism Commentary decides to participate in his company’s stock purcha…

]]> By: Boatman http://www.consumerismcommentary.com/2006/11/14/my-companys-stock-purchase-plan-take-3/#comment-70374 Boatman Fri, 17 Nov 2006 03:29:34 +0000 http://www.consumerismcommentary.com/2006/11/14/my-companys-stock-purchase-plan-take-3/#comment-70374 ESPP's are wicked to reconcile at tax time if you've sold any. ESPP’s are wicked to reconcile at tax time if you’ve sold any.

]]> By: Matt http://www.consumerismcommentary.com/2006/11/14/my-companys-stock-purchase-plan-take-3/#comment-70080 Matt Tue, 14 Nov 2006 15:34:57 +0000 http://www.consumerismcommentary.com/2006/11/14/my-companys-stock-purchase-plan-take-3/#comment-70080 Definitely a good choice, especially if the stock prices is likely to go up. But instead of leaning on your savings I would see if I could cut back on my spending in the interim. Definitely a good choice, especially if the stock prices is likely to go up. But instead of leaning on your savings I would see if I could cut back on my spending in the interim.

]]> By: Frugal Frugalson http://www.consumerismcommentary.com/2006/11/14/my-companys-stock-purchase-plan-take-3/#comment-70079 Frugal Frugalson Tue, 14 Nov 2006 15:25:07 +0000 http://www.consumerismcommentary.com/2006/11/14/my-companys-stock-purchase-plan-take-3/#comment-70079 My former employer offered the same great 15% deal and I have no regrets about participating in the program (stock is up almost 600%). In fact, I wish I had purchased the maximum of 10% for the entire time I worked there! There is some different tax handling involved due to the 15% discount, but I don't recall all of the details. That is probably why the two year holding period was suggested to you... My former employer offered the same great 15% deal and I have no regrets about participating in the program (stock is up almost 600%). In fact, I wish I had purchased the maximum of 10% for the entire time I worked there!

There is some different tax handling involved due to the 15% discount, but I don’t recall all of the details. That is probably why the two year holding period was suggested to you…

]]> By: samerwriter http://www.consumerismcommentary.com/2006/11/14/my-companys-stock-purchase-plan-take-3/#comment-70078 samerwriter Tue, 14 Nov 2006 15:21:51 +0000 http://www.consumerismcommentary.com/2006/11/14/my-companys-stock-purchase-plan-take-3/#comment-70078 Good choice. It's nice that your plan is set up quarterly -- that cuts way back on how long you'll need to subsidize your income from savings. The only problem I have with these programs is that they do complicate your taxes somewhat. Good choice. It’s nice that your plan is set up quarterly — that cuts way back on how long you’ll need to subsidize your income from savings.

The only problem I have with these programs is that they do complicate your taxes somewhat.

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