As the title mentions, the company I work at is offering free shares when buying back some of the company’s shares, as well as a discount, depending on the amount of shares purchased.
Could any of you advise me if it would be a good idea to start investing into this? If not, could anyone suggest any other investment avenues to a complete n00b like me?
Thanks in advance!
If you can’t determine whether this is a good idea, then it’s not. If you knew how to assess the value of the company against share price and total shares, the math would tell you whether it’s worthwhile.
For a n00b don’t start with investing in individual companies, just start with something that mitigates most of the risk. Presuming you’re young, a “high risk” mutual fund would probably be an appropriate start. If your risk tolerance is low, a growth fund is probably what you want.
If you have cash to burn, go ahead and YOLO in the stock market, but please get more information than what you’d find on WSB. Meme stock loss porn is real.
Thanks for the advice.
I’m not particularly young, but I’m now at one point in my life where I am on the upturn financially, and I was thinking of making my money do more for me.
WSB = ?
Any tips on going with a growth fund? What should I look into?
WSB = wallstreetbets.
Besides the issue of risk, there can be practical issues due to you not being able to choose the service with which to buy shares. At my former employer, people had a lot of issues when trying to sell their shares. The broker service that was used by my employer wasn’t particularly quick to react and people often waited weeks or months before their shares were actually sold.
