Personal Finance

3747 readers

13 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

WandererLagomorph799@lemmy.ml

nieceandtows@programming.dev

nieceandtows@lemmy.ml

[EU] Buying company shares at my job - worth it? (discuss.tchncs.de)

submitted 11 months ago* (last edited 11 months ago) by WozenfeldDistrict@discuss.tchncs.de to c/personalfinance@lemmy.ml

15 comments fedilink hide all child comments

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!

you are viewing a single comment's thread
view the rest of the comments

[–] smuuthbrane@sh.itjust.works 4 points 11 months ago (4 children)

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.

[–] WozenfeldDistrict@discuss.tchncs.de 1 points 11 months ago (3 children)

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?

[–] smuuthbrane@sh.itjust.works 2 points 11 months ago (1 children)

WSB, Wall Street Bets (notorious Reddit forum).

I'd suggest talking to an investment advisor, I am not one and won't advise you pretending I am.

[–] WozenfeldDistrict@discuss.tchncs.de 2 points 11 months ago

Right you are, thank you!

load more comments (1 replies)