My company offers an employee stock purchase plan which includes a discount on each purchase. You determine how much you want for the year, the company pulls some money from each paycheck, and then purchases the stock quarterly. So our plan has been to put a good amount in to the program, sell throughout the year whenever the price is high (only lots we have held for 12+ months), then put the cash back in the program to buy more. The logic is that we get the discount over and over, while also minimizing our concentration in this one stock.
I THINK this makes sense, but wanted to see if this is a wise strategy. I feel like most other people just hang on to the stock till they retire, so maybe I’m missing something?
Submitted October 02, 2021 at 08:31AM by MrNoodleIncident https://ift.tt/3D75Gz6
