ESP programs are rarely "good" long-term investments. Most recommendations I've ever seen is to take the discount and immediately sell to get a nice little return, even if it is taxed at ordinary rates. Long-term, they're bad because you have both your savings and salary in a single company, and you miss out on the opportunity to more broadly invest. While your company stock has suffered, the markets as a whole have been in a tear.
I mean people sell as soon as the stock is issued. Keep the holding period to the absolute minimum.That's more or less what I was doing, it was for short term stuff mostly, like 3-4 years, like if I wanted to buy a big ticket item, like my property, or my truck or major house projects etc that's where the money came from.
I had briefly participated in one, and it was held by a third party brokerage. And you could pay to transfer it to a separate brokerage.I'm also not sure what happens if I were to get laid off, as it's tied to my AD account and need to be in the office or VPNed in to access it and that access would most likely be revoked. So yeah I tend to keep the money in there for the minimum time then take out when the stock is good. Right now it's bad so will wait it out though.
Yes. A good example of why diversification is important and why it's not good to literally put your savings and salary in one basket.Back in the day our ESP was actually Nortel stocks. That did not end well for many people who were keeping it long term.
Yeah, that is kind of a shitty esp then, especially for mediocre upsides and huge downsides.For ours we have to hold for at least 2 years otherwise you lose the company's portion. It used to be 1 year, and it used to be all in one shot so in January it would open up, but now it's per unit, so in reality it's more like 3 years, because at the 2 year mark, the units you bought less than 2 years ago are not yet available so you have to wait another year. You CAN cash any time you want but you lose the company's portion if you do that.
Once I feel like I am making progress on the credit line I might go back in but I'll only put the minimal amount to get the company portion.
A friend of mine gets pretty generous payments of stock but it has to be held for 3 years. She been there a little longer than that so I begged her to sell whatever she can and plow that into an index fund or ETF.Yes. A good example of why diversification is important and why it's not good to literally put your savings and salary in one basket.
You should have an investment strategy and stick with it. Don't let emotion and FOMO mislead you.BTW I am starting to wonder..
If I wanted to hedge my bets and put like 2k in a bitcoin etf which one would be the best?
IBIT or FBTC or something else?
I still don't trust Bitcoin 100% but just getting a feeling that bitcoin has become too big to be allowed to fail.. especially as big brokerages/ investors/ donors are buying into it.
Maybe it's FOMO or maybe it's just my desire for diversification.. like when you buy index funds.. you have no idea who the 490-500th companies are but you will put a little in and hope for the best!
You should have an investment strategy and stick with it. Don't let emotion and FOMO mislead you.
I'm already nervous with the proximity he has to the market..
Wish I listened to my gut and bought last Friday at 47. It's now 60 PM two days later.SMCI is looking tempting. I currently have no position. Still has the delisting risk :
View attachment 117101
If they dont file the missing report by month end it could go back under $20.
I bought at 22!Wish I listened to my gut and bought last Friday at 47. It's now 60 PM two days later.
Too expensive 😪
Or just import from Europe... oh waitI am buying a bunch of hens. There is money to be made in the egg business.
Congrats !👏I bought at 22!
Nice little profit. Sold half yesterday.