First blog post ever!
My name is Ken, I am an amateur investor sharing my thoughts on how I manage my ESPP, and other company’s stocks I would like to diversify into.
To the primary and original purpose of this blog;
Many large companies provide Employee Stock Purchase Plans – ESPPs- as a benefit to their employees. These plans allow a qualifying employee to purchase stock at a discount. In my case, my employer is a Fortune 500 company that provides us with a 10% discount with a maximum allowable yearly investment of $25,000. That $25,000 number can be scary! But don’t worry, we will talk about a reasonable way to reach that goal. Now the part that sounds complicated; Selling call options on your stock that you own in order to sell it, then buy again.
I will get into the nitty-gritty tips and tricks to maximize profits.
I am also compiling a list of companies that provide ESPPs to their employees.
- Accumulate 100 shares
- Sell call options
- Wait for sale
- Buy shares again
And there you go! This will be fun! I look forward to hearing from readers and answering questions!