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<blockquote data-quote="brownrecluse" data-source="post: 266248" data-attributes="member: 12286"><p>Help me out... I must be missing something here. The way I see it (which may in fact be incorrect), the 10% is automatic. Or put another way, you get an immediate 10% return on your investment - providing of course that the stock remains at or above the price that you purchased it at. Notwithstanding the 2 year hold period... if the stock price is $70, and you purchase it @ $63 (10% discount)... then you've just made $7... actually $7 is more than 10% of the purchase price... ING Direct is down to 4.20% now... Clark Howard has been ranting about this lately.</p><p> </p><p>Anyway... no argument intended. I just want to make sure I am seeing this correctly...</p></blockquote><p></p>
[QUOTE="brownrecluse, post: 266248, member: 12286"] Help me out... I must be missing something here. The way I see it (which may in fact be incorrect), the 10% is automatic. Or put another way, you get an immediate 10% return on your investment - providing of course that the stock remains at or above the price that you purchased it at. Notwithstanding the 2 year hold period... if the stock price is $70, and you purchase it @ $63 (10% discount)... then you've just made $7... actually $7 is more than 10% of the purchase price... ING Direct is down to 4.20% now... Clark Howard has been ranting about this lately. Anyway... no argument intended. I just want to make sure I am seeing this correctly... [/QUOTE]
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