Q for folks from Microsoft India : Morgan Stanley or Fidelity for stock/RSU management?
Which one would you recommend? And why? I am adding a Poll for this and would love to understand the rationale (such as: Less conversion rates, low rate of failures, good customer support, ...etc) if you can share any insights via comment. YOE: 13 TC: 85L
What I am thinking is; we can segregate the plans (say: Selling off the ESPP as and when stocks are deposited into our account while retaining the RSUs for longterm) and have clear visibility as to how many & where the RSUs are lying and how the growth of them is been.
Hey guys, I have one more question Do msft allows us to buy share out of msft salary? I mean some portion of salary we can purchase stock Is this option there?
This is called ESPP. You can set aside upto 15% of your monthly salary for the programme. It's deducted automatically monthly once you opt in and the shares are bought quarterly.
Thanks bro for sharing it How much percentage tax is deducted in this if you could throw some light on it?
Any advantages of having Morgan Stanley?
One advantage that I can think of is; to differentiate between ESPP & RSUs and strategizing the sale/retention plans for those 2 segments seperately. Because one segment is what you are buying by setting a side your money while other segment is something that vests!!
That's not actual advantage. That has more to do with self control and management. I was looking for actual advantage like lower brokerage, lower conversion fees, faster settlement etc
Fidelity purely because managing two accounts is a pain in the ass. You can't use Morgan Stanley for ESPP