I signed up to buy company stock with automatic deductions. They were supposed to kick in this week. However, there were problems with my enrollment forms. That’s ok though since it leaves me extra money this month to put towards my credit cards. I was trying to bump up my savings but I was a little worried I was leaving myself too little in cash.
So, I guess it’s ok that the forms were screwed up. I’ll try this again. If it doesn’t work, then I’ll just bump up my 401k contribution and just buy more of the company stock fund. (Which doesn’t distribute dividends quite the same way as actual shares.)
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I hope you are limiting your company stock purchases to the amount that comes with a company match. Beyond that, you’d be better diversified (because if your company fares poorly you might lose your job and your 401k- think Enron) in other stock funds.