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Savings Chart w/ ESPP (self.personalfinance)

submitted 2 weeks ago by root to c/[email protected]

8 comments fedilink hide all child comments

There's a pretty popular savings chart in the personal finance community, and I just noticed it seems to be missing the option for when your employer offers an ESPP (Employee Stock Purchase Plan) unless I'm completely missing it.

Where would you guys put it if you could add it to this chart?

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[–] dhork 2 points 2 weeks ago (1 children)

ESPP is only really done in huge companies, and the terms vary too widely to be added to a common calculator. When I had one, though, I could sell right away. And the purchase price had a few different ways of being calculated, and they applied whichever was lower, so sometimes my effective discount was 25% or more.

I just cranked that shit up to the max, and sold most of it right away. I kept a small portion from each purchase as a side investment, just in case they screwed me over. I considered it my own personal severance plan, built up essentially for free.

[–] root 2 points 2 weeks ago

Definitely. Mine is basically min(first_day, last_day) over a 6 month period. Able to sell right away and 15% discount.