Submitted by gold_medal_in_sleep t3_10oq98p in boston
Winnie_07 t1_j6i3pdq wrote
If it moves the needle, think about dropping the ESPP contribution. You’re already investing a lot in your company from a risk diversification perspective (company does poorly, stock goes down, you may lose job and investment). Up to you, but I’d rather have the funds for preferred housing or put in my own diversified retirement plan or emergency savings. Biotech is a rocky road.
SnooMaps7887 t1_j6kw8eb wrote
If you sell your ESPP right away it is basically a 17% ROI with no risk. Obviously, you pay more tax that way, but it is still easy money and you avoid overleveraging yourself.
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