Hey Guys,
I work at a company that is doing well consistently but the stock is in the dumps. We went public in early 2007 opening at $13. The stock shot up all the way to ~$20 but now its ~$3. Our ESPP buys the stock at the lowest market cost of that quarter less 15%. I chose elected the max which is 15% of after tax income to be put into my ESPP on the suggestions of those around me. Every quarters purchase so far has proven to be a loss.

What are your opinions on setting aside money for your company's ESPP considering the conditions of today's market?

Thanks,
Jason

 

When I worked for a public company I was doing 5% and once a year i would sell anything that I held for over a year.

 

the way i see it is that you don't want to put too much. You are getting your salary from them and you have money invested in them, which means if they go bankrupt or u loose ur job, you can get hit twice as hard financially...

 

DIVERSIFY.

What other investments do you have and how much are you contributing?
401K?
Roth?
Traditional IRA?
Other?


15% seems excessive.

 

Thanks for the info.
No other investments currently