This will advance my goal of buying company shares to this December, 2009. Once I am able to purchase shares, I will decrease my contribution amount to $25/bi-weekly. I am doing this for a few reasons. I'm putting saving money this way because there is a minumum purchase amount of 20 shares, and then you can purchase later on in increments of 5.
I'm buying shares with my company for a few different reasons:
- Increases ownership mentality
- Demonstrates to my superiors/peers that I am committed to my company
- My company is 100% employee owned and bases it's share price on the average of the previous 5 years earnings - making for a more stable growth in share prices
- Share prices have been increasing steadily since the plans inception
- My company not only pays divideds once a year, but also they pay an 'incentive payment' once a year (a different time) which is based on the profits of the company.
I thought you would go for it! Good reasons.
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