Should I invest in my company?
I currently work for a bank and they offer a stock plan, do you think is a good idea. The bank is Webster Bank in Connecticut
Asked By: richardfajardo84 - 12/1/2008
Best Answer - Chosen by Asker
The guy above who said that you already have enough invested with them by working there was 100% right... More
Answered By: woshaugh - 12/1/2008
Additional Answers (6)
Probably not. It depends on the plan, is it stock options? Even so look at the strength of the bank first rather than at any discounts or tax savings.
Answered By: raysor - 12/1/2008
Actually, it is not a good idea.
Answered By: LessonsbyOlga.com - 12/1/2008
Keep your investment in employer stock to less than 5% of your total investment portfolio. Never concentrate in any one stock.
Answered By: src50 - 12/1/2008
Yes, I think you should. The first thing is that you would be highly motivated to work harder and smarter. This is because you have something at risk other than your job. I think that this Bank is a good bank that will pay good dividends in the Future. Just be patient... More
Answered By: nico - 12/1/2008
You are already investing your whole career into this company, are you sure you want to invest all your savings into it as well. If it fails, you loose both your job and your savings. You should diversify instead.
Answered By: Alexandre H - 12/1/2008
Do you like working there? Are they making money? Are they expanding in this environment? Do you think you will still be working there in five years? STocks are along term investment... More
Answered By: JohnGalt - 12/1/2008
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