Buddy bought $100,000 at $13.15 awhile back, I like to remind him that it is a long term investment for him so he doesn’t go crazy when the price is in the $11 range.Amd beat earnings but still down after market
I guess you could look at that as taking the 15% discount as an immeidate profit and lock it in. A nice employee perk but I can't imagine they let you sell it that quickly without a holding period.
I guess you could look at that as taking the 15% discount as an immeidate profit and lock it in. A nice employee perk but I can't imagine they let you sell it that quickly without a holding period.
Holy hell, not sure if I feel bad for him or jealous that he has enough cash to throw into such a gamble of a stockBuddy bought $100,000 at $13.15 awhile back, I like to remind him that it is a long term investment for him so he doesn’t go crazy when the price is in the $11 range.
Be in your 30s making $140k a year, drive a car from the late 90s, live in a condo with a mortgage of $300 a month and buy your work cloths from Goodwill and you are there. Also no girlfriends or kids.Holy hell, not sure if I feel bad for him or jealous that he has enough cash to throw into such a gamble of a stock
I guess you could look at that as taking the 15% discount as an immeidate profit and lock it in. A nice employee perk but I can't imagine they let you sell it that quickly without a holding period.
I'm down $12k in the last 3 days.
The company I used to work for let you sell the next day. It also had a 18 month look back so of the stock price was $10 at one point and 18 months later is $20 you could buy stock for $8.50 and immediately sell it for $20. If the stock price was down you got locked in at the new price so the only risk was the stock tanking overnight before you could sell.
Getting killed by apple like I am?
Dang that is so biased for the employees it should be illegal. Nothing like selling out your stockholders. Anyone can be an investing genius with hindsight like that allows.
it's called stock options and it's very common.
No, it was an employee purchase plan not stock options. When the stock was going up for a few years it was a really sweet deal. I agree with Argent that it wasn't great for regular shareholders - but that didn't stop me from maxing out what I could purchase.
@pfgemployee is PFG going to be giving out a bunch of stock to employees as part of a “tax plan bonus” or anything like that you’ve heard of?
Highly doubtful since our bonus is based on actual profits.
So PFG is giving nothing to its employees for having its tax bill slashed by 15%??? Yikes.
So PFG is giving nothing to its employees for having its tax bill slashed by 15%??? Yikes.