Welcome to those who have linked here through Fabulously Broke!
I’m going with the assumption that I’ll probably retain one or two of the people who have linked here (bringing my total known number of regular readers up to two! Or possibly three!), and I would like to ask you both a question.
Every two years, my company gives out shares of stock as part of an incentive program. This year it looks like the payout will be about $2000 for me (I haven’t worked here for the full time required), and this is given to us as stock. I have 7 shares from the previous payout (again, this is lower than what others received); they are worth between $500 and $600.
When we receive the stocks, we’re given the option to sell them or keep them. My question: what should I do?
I originally kept the 7 shares because I figured the money wasn’t worth the hassle of finding all the documentation required to sell them. Also, owning shares of stock seemed terribly grown-up and sorta neat. I dicovered a few months later that they also paid dividends – I get a check for about $3 every quarter. This seems to be a fair trade, especially since I’d never missed the money from the stocks.
$2000 might be worth finding out the process of selling the stocks. I don’t have any particular need for the money right now(my emergency fun is fine as it stands). The stock isn’t performing all that well (down about 30 points from this time last year). The rest of my money (mostly retirement accounts) isn’t overly exposed to the company – I only have 2.5% of my 401K in company stock right now.
Essentially, I don’t need the money. Should I keep the shares? The dividend checks might climb to $7 or $8 per quarter! The stock could climb to ever higher values! I could be set for life!
Or I could have one heck of a shopping spree…