branv
<font color=blue>The safety feature in my parents
- Joined
- May 20, 2005
- Messages
- 3,891
The benefit at DH's company for his ESPP is that they will look at the price of the stock at the first day of the quarter, and last day of the quarter, and using whichever stock price is lower, they sell it to the employee at a 15% discount. DH's company also allows immediate selling of their stock purchases. We've been reading about, and DH has talked to some friends at work who've done "flipping" of the ESPP: i.e. immediately selling the stock to take a 15% profit every quarter. We're thinking about doing this and rolling the profit each time into an IRA.
The only thing I've read against this is that it goes against the idea of employees getting to "own" part of their company and take pride in it. Sorry, you're talking to some people who've ridden through enough layoffs AND was in Houston during the whole Enron thing...so we're way too jaded to buy into that.
Can anyone think of a financial reason not to do this? We're aware that we'll pay taxes and sell fees, but we've still calculated that doing this, after "costs" can still earn us enough money (depending on stock prices) to equal anywhere from 1/2 to a full paycheck extra a year.
The only thing I've read against this is that it goes against the idea of employees getting to "own" part of their company and take pride in it. Sorry, you're talking to some people who've ridden through enough layoffs AND was in Houston during the whole Enron thing...so we're way too jaded to buy into that.
Can anyone think of a financial reason not to do this? We're aware that we'll pay taxes and sell fees, but we've still calculated that doing this, after "costs" can still earn us enough money (depending on stock prices) to equal anywhere from 1/2 to a full paycheck extra a year.
