Dear Dave,
My employer offers an employee stock purchase plan at a 15 percent discount. I’m usually the kind of guy who buys stocks and holds on to them forever. But when it comes to an opportunity like this, should I buy it and wait for a year to sell it, or should I buy it and sell right away?
—John
Dear John,
Generally, I don’t recommend buying single stocks at all. Single stocks are way too risky, and a 15 percent discount is nothing special in this kind of scenario. Virtually every single company out there that has an employee stock option plan offers a 15 percent discount….