Max out ESPP, sell on the first day you can, then diversify with an index fund.
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@1pgm+1oITrcTc It’s funny in the sense that the decision makers don’t learn from past mistakes and continue to make pointless gambles that jeopardize the bottom line.
I don’t know if it’s funny, but know what you mean. Seems like buying high and selling low mentality for stocks.
It's funny how we got screwed over by rates twice already -- in 2019 because rate was too low and 2023 because rate is too high.
With Walt in charge no way. He knows nothing about interest rate risk
I don’t invest in frauds.
@1tfd+1oITrcTc Agreed, no reason not to participate--it is free money.
And pretty minor correction, but it's technically an instant 17.65% gain. 1 / 0.85 = 1.1765.
Using an example with easy numbers: Say a stock's current market value is $100. You get to buy it at $85 (a 15% discount). The gain from $85 to $100 is $15. And $15 profit/$85 investment = 17.65% ROI.
Not too shabby. I make sure to max out the ESPP as much as I can.
@too+1oITrcTc You know you can just sell it the same day they deposit shares for an instant 15% gain. You’re throwing away free money.
After a year or more of contributing 10% of my pay to the ESPP… I changed it to Zero earlier this week. I’m not confident that the stock will make a strong move up in quite a while and I think it might be wise to stockpile the cash preparing for layoffs.
All night “ong” baby.