Share buying dilemma

wilywombat

I am taking part in a company share buying scheme where you agree to put away whatever per month from your salary to purchase company shares at the going market rate. For every 3 shares puchased, you get 1 free share.
Thae dilemma is this:- I have a tracker mortgage which is presently at 1% interest rate. Should I stop/reduce my sharebuy and pay off the equivelent from the mortgage or continue buying more shares whilst the price is falling?

Blah99

What company is it, and how financially stable are you (ie: if you lost your job because your company went under, you'd lose your shares in the sharesave scheme - could you weather that?).

Answer depends on the company and the scheme.

tradetime

I actually don't like company share schemes for exactly that reason, they're fine when the company is a great company and all goes well, they're also fine for people who have other shares, and the company shares are a small part of their overall holding, but for an awful lot of people they are the only shares they have, so if the company goes bust they lose their job and their share holding all at once.

sh856531

I've always stayed out of my companies share scheme because I would be forced to sell the shares if I decided to leave - and this could be at a very poor time as far as share value is concerned.

I don't know if other share schemes operate like that but I never liked the idea of being forced to sell the shares at a time other than of my own chosing

:-(

Best Regards

S

Blah99

sh856531 wrote: »

I've always stayed out of my companies share scheme because I would be forced to sell the shares if I decided to leave - and this could be at a very poor time as far as share value is concerned.

I don't know if other share schemes operate like that but I never liked the idea of being forced to sell the shares at a time other than of my own chosing

:-(

Best Regards

S

I've not heard of that before. I actually find that a little strange - most share schemes force you to stay in for 5 years from purchase date for tax reasons etc.

That said I've only used a couple, and from what I've seen the ones I've been fortunate enough to use (buy one get one free, or buy one get 2 free) have been way more generous and structured differently to other people's.