{ "media_type": "text", "post_content": "How much of my payroll do you guys think I should put into Apple’s employee stock purchase program? It entails a discount on the stock. I don’t have any debt and am bullish on AAPL but also don’t want to be overweighted", "post_id": "60fef21e707d3f00243a7ed2", "reply_count": 18, "vote_count": 1, "bowl_id": "5ae4a4f739e7cb001391ec8b", "bowl_name": "Consulting Exit Opportunities" }

How much of my payroll do you guys think I should put into Apple’s employee stock purchase program? It entails a discount on the stock. I don’t have any debt and am bullish on AAPL but also don’t want to be overweighted

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Max it out ayyy

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What is the discount? What is the holding period? Discount is free money

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Max and sell immediately then

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Max it and sell ASAP to lock in the 15% gain (from the discount), but keep however much in you're willing to be bullish on.

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How long do you have to hold it? Most likely the best solution is to max it out since it’s at a discount

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Max it, if possible. You can sell immediately if you believe you are overweight and still benefit from the discount

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Do you pay short term capital gains tax on the 15% discount if you sell immediately?

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Discount was added to my income statement, so the same as short term capital gains (at ACN at least). There was an option to do share withholding or payroll withholding for taxes on the discount - either you get fewer shares or a smaller paycheck to pay for the additional tax.

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I started after the last enrollment period and am signing up for the full 10% myself. I’ll be moving up to the Bay Area in the new year so may need to reevaluate that stance then but fully intend on maximizing my contributions while it makes sense

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What firm did you come from? Congrats on the move, I want to follow soon

I went analytics consulting -> data science. My clients were FAANG ds teams, I was based in the bay area, and I got interviews at every FAANG except netflix + Linkedin, Doordash, Instacart, Paypal, start ups, Blackstone, Blackrock, KKR, TPG, some VCs. The PE roles were almost all ops or analytics, with the exception of a few deal roles I bombed. Other roles were mostly analytics with some ops/corp strategy mixed on. Overall getting interviews was straight forward and easy for me, while converting offers was a combination of having the right mix of technical skills for the role, product sense, and industry knowledge. I did not get very many offers and was rejected at pretty much every stage across the board. For DS technical skills, SQL was always tested. Then a mix of R/Python, basic stats, basic ML, some light data pipelining/engineering, and data viz (usually first principles + Tableau/Power BI specifics). Product sense and industry knowledge was usually tested through consulting style case questions or take homes. I chose Apple because I got a senior role on a newer, high growth product in an emerging industry and because the TC blew my other offers out of the water. Feel free to dm if you have any more q’s!

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Max contribution.

It sounds similar to Microsoft’s. If you can afford to, you should 1. maximize the 401K match 2. Maximize ESPP and then 3. Maximize HSA

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