I’m currently investing 10% into ESPP and I was stupidly holding it now I realise it’s better to sell it as soon as it’s bought.

My salary has increased and I can’t afford to do 10% I want to reduce it. How can I do this though do I have to wait until May? If so then should I just withdraw and then re-enrol in May at a lower percentage?

Despite my 11% salary increase it’s crazy for some reason I’m literally at the same pay packet as I was before after tax.

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Posting as :
works at
You are currently posting as works at

You're absolutely right that it is nuts to hold ACN stock. Never have 100% exposure to your employer (salary + stocks).

Do ESPP, take the 15%, sell immediately, reinvest in S&P500/some kind of Vanguard fund.

Some nutter MDs have never sold; so not only are they 100% exposed but they are now going to pay mental capital gains tax. If you sell immediately you pay no CGT.

likesmart

What does ‘selling immediately’ mean? Is that as soon as stocks show up in the UBS account?
I hadn’t known about no CGT payment on immediate sale - where can I find more on this?

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These are two different issues. 1) you have a bought stock which (I assume) the value has dropped since tour bought and 2) your salary has gone up but you say your net salary is lower.

I do not understand how (1) is connected with (2) or how your salary increase has led to the same net pay packet?

Regarding salary I think the net salary is the same because i am now giving more money per month to the ESPP

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