After everything that happened this year I decided to withdraw my ESPP contribution and not participate anymore. I was maxing out at 10% and cannot afford to lose more nor wait another 2 years just for it to go back to mediocre 120.
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Good idea, Take the $$ you would have spent on Employee stock and max out your 401K, open a Roth IRA, Max out your HSA. There are still ways to save and invest.
@10r You are doomed if you decide it as such! Not we.
You’re opting out now because doubling your money in 2 years is too long of a wait? I hope you’re not really a Fiserv employee, we’re doomed.
Best decision ever, I sold everything at 170+
as sure as the ohio team likes long walks, the stock will be back
@d8 Were so back. Deep in the green baby
everyone getting crushed today except for good old fiserv. we're back baby !!!!!
I stopped ESOP over 2 years ago and withdrew last October. For one, I needed the money and second, I also knew the stock was overinflated, so I sold it off.
Yikes
stocks that drop fast rebound fast
Here is an article that may be of interest @ Fiserv's stock.
Including the comments.
https://finance.yahoo.com/news/does-fiserv-70-drop-mean-211754539.html
I believe there is a Lack of confidence in the Fiserv Leadership that would provide the reason behind a no-buy via ESPP or other methods.
It is a personal decision. One, I wish I had sold off mine at $200+ and be done with the mess the company is in.
$90 by year end
Don't listen to anyone who says "now is the time to buy." It could take years for a company's stock to recover. In that same time period, you could have a lot more growth in a simple index fund. Best to avoid investing directly in your own company's stock (outside of an index fund).
The plan itself is stupid. 5% discount on the last day of the quarter? And you cant sell for 2 years? Buy the stock if you want but do it outsude of th espp
Now is the time to buy
@OP while I do not agree with this money move, don't let anyone (especially on a Fiserv layoff board of all places lmao) tell you what to do with your money. I understand and share your frustrations that's plagued this place for so long but do not let emotions get in the way of your investing goals. Set your goals and stay the course. Lest you end up a FiServant for the rest of your days...
i like to buy low
Good move. 100% investment returns over two years would be a terrible idea. Why would anyone want to double their money?
Yeah, that was a stupid decision. You should have withdrawn once Frank announced he was leaving. Enjoy the losses.