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Thinking of enrolling in UPS stock (DESPP)
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<blockquote data-quote="brett636" data-source="post: 2233925" data-attributes="member: 249"><p>Its not a terrible program to enroll in, but its not as good as it used to be. In the past the discount was 10% off the stock price from the first day of the quarter or the last day of the quarter, whichever was lower. Now its 5% off whatever the stock price was on the last day of the quarter <strong>and</strong> there is a 2 year hold on all stock purchases made through the DESPP(does not apply to dividend reinvestments). I still participate in it, as I have for the last 13 years or so off and on. I only do $25 a week and would consider increasing my 401k contributions before I would increase my stock purchases. Not quite sure what I want to do with the money, but its there if I need it and it still makes up less than 10% of my total networth incase it ever crashes. UPS is a pretty safe company to invest in, but given your situation as you laid out maybe putting in less into the DESPP and more into your 401k would be a wiser decision.</p></blockquote><p></p>
[QUOTE="brett636, post: 2233925, member: 249"] Its not a terrible program to enroll in, but its not as good as it used to be. In the past the discount was 10% off the stock price from the first day of the quarter or the last day of the quarter, whichever was lower. Now its 5% off whatever the stock price was on the last day of the quarter [B]and[/B] there is a 2 year hold on all stock purchases made through the DESPP(does not apply to dividend reinvestments). I still participate in it, as I have for the last 13 years or so off and on. I only do $25 a week and would consider increasing my 401k contributions before I would increase my stock purchases. Not quite sure what I want to do with the money, but its there if I need it and it still makes up less than 10% of my total networth incase it ever crashes. UPS is a pretty safe company to invest in, but given your situation as you laid out maybe putting in less into the DESPP and more into your 401k would be a wiser decision. [/QUOTE]
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Thinking of enrolling in UPS stock (DESPP)
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