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Stock share plan? What's that?
*employee stock purchase plan
I took to help put towards the down payment on my house.. worth every penny
I did. Sold 220 shares of Acn at 70. It is worth 115 now.... but it felt so good paying that debt off. I had a 4% apr though. Idk you do the math.
You should sell the shares as soon as you get them. 15% gains are pretty damn good and the risk of holding them isn't worth it
A2 -- hold them for 12 months before selling to avoid short-term capital gains tax.
I agree with a2. Selling immediately is smart because your salary is already dependent on how well your company does, you don't want your stocks to depend on that too. #1 rule in investing is to diversify. I always sell immediately.
Looking for ideas to be strategically aggressive in paying off my student debt...
Yes it is a good idea. You can only be independent when you have no debt.
I used it to buy my dream car. Best decision ever. I own my pink slip.
I maxed my 10% contribution as a way to force myself to save, and then contribute it all to student savings but keep the 15% for myself.
Don't think it's a bad idea at all since it's impossible to find 15% returns in any investment and if your student loan interests are high, this is like the only sure fire way to match those interests
I sold my acn shares to help pay for b school. It was a good decision for me as i didn't want to rack up debt, even given that acn had pretty decent returns. It gives me peace of mind to be debt free/ low risk
The question to ask yourself is "If I'm not going to use that money for X (student loans, car, mortgage, dream vacation, etc.), what am I saving it for?" If you don't have a good answer, then you absolutely do it.