Years ago I worked for Gap and signed up for the ESPP just as we were coming out of the Great Recession. I left the company in 2013 and only gave the stock plan a quick look over once a year when doing my taxes. Fast forward to present day and I'm setting all my ducks in a row to (fingers crossed) buy a house next year. The value of my stocks has decreased about 20% (thanks, Amazon!) and I have about $300 in un-invested dividends. It's not a lot but I live in an insane housing market so every little bit counts.
My questions are: *1. Should I sell my stocks or hold onto them?? Gap hasn't been doing too hot the past couple of years but they're certainly doing better today than they were a year ago. *2. What to do with the dividends? I'm considering depositing them straight into my savings account as I squirrel away for the down payment. *3. What are the tax implications if I sell stock or withdraw dividends?
Thanks!
Submitted July 30, 2017 at 01:39PM by TheSilentHam http://ift.tt/2uOx2Ik
