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Selling stocks to buy a home (ESPP)
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06-04-2021, 08:51 AM
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- sr7914
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- sr7914
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- Join Date: May 2009
- Location: Florida, United States
- Age: 42
- Posts: 1,019
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Selling stocks to buy a home (ESPP)
A lot of guys on here have bought a home recently including myself. Anyone do it by enrolling in their company ESPP?
For the past 7 years, $150 has been deducted out of my bi-weekly paycheck to buy shares in my company at a 15% discount. It's nice because you never really see the money. Just recently sold my shares when we purchased our home. This prevented my wife and I from using up our savings or dipping into our 401k for a down payment and closing costs.
It's open enrollment, about to do it again. Probably one of the smartest moves I made was enrolling in that program. So many of my co-workers don't take advantage and only contribute to 401k.
For the past 7 years, $150 has been deducted out of my bi-weekly paycheck to buy shares in my company at a 15% discount. It's nice because you never really see the money. Just recently sold my shares when we purchased our home. This prevented my wife and I from using up our savings or dipping into our 401k for a down payment and closing costs.
It's open enrollment, about to do it again. Probably one of the smartest moves I made was enrolling in that program. So many of my co-workers don't take advantage and only contribute to 401k.
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