When I joined Cisco 4 years ago, I thought the stock will drop significantly (25 at that time) all my colleagues said it won’t go up anymore and probably will drop a lot (more than 15%), thus I didn’t enroll ESPP for my first 2 and half yrs! Now it’s 48 almost hit 50 couple months ago. So regret! I think I lost more than 30k for this! :(
You think you lost 30k? Did you loose $500 mil by not playing quick pick numbers on Powerball lottery as well?
For new grad students: please enroll ESPP!!! Don’t lose the chance
No one. Just learn your lesson of not taking investing advice from others and set up a strategy that takes your emotions out of the equation.
I did way way way worst then you. Does this make you feel better?
Thanks! Hope u r also learning a lesson-I started enroll one year ago...like around 38...
Mine is not ESPP related.. just sold a lot of eBay at 20ish dollars when eBay and Paypal were still together
They give 15% discount on lowest price so even if stock drops you still make 15% profit by selling next day
Was too young at that time and thought the price was the price of enrolled day
You probably lost more than 30k after tax money because even bonuses go into buying espp. Cisco's espp easily adds 10k after tax to your compensation
Really i didn’t see that? Bonus also went into ESPP?
You lost millions for not buying bitcoin!!
ESPP is free money. Never a good reason not to enroll unless you have cash flow problems. Conventional wisdom is to sell immediately to harvest gains and then diversify and kick back
Yep, but he is talking about keeping it
You made your bed. Now ...
ESPP is usually a no brainer. Dooo it!
Was too young at that time-thought our company stock will drop a lot ;(
Regardless, you sell the same day. Worst case 15% discount