new, nervous and needing advice please!

kissjenn

tyllwyd wrote: »

We've done share options through work before, and they are potentially very good - the share price at which you will buy is set at a discount, and if you decide not to buy at the end, you still get back the money saved with interest, so there is very little risk involved, and if the share price goes the right way, potentially a good profit (we doubled our investment, tax free on one sharesave). You can't drop out & come back in. It's probably worth digging out the original paperwork to check how the share prices compare, what the bonuses are, and when it ends, so you can get a realistic picture of where you are with it.

I second Tyllwyd. Check the sharesave paperwork. Where I worked the option price had a 20% discount on the price at the day of issue. Problem is those discounts are now meaningless for many shares - it depends on who you're looking at. You can if you want put the option price up here and we can offer opinions (no-one has a magic ball or we'd all be millionaires and this site obsolete).

Company options are usually offered once or twice a year and the price is dependent on values at that time. You may be better coming out and grabbing the money (which you can do - you aren't tied in normally) and going back into another issue later on. The system is flexible if you dig into it. Lots of us did it because share prices crumpled a bit a few year back and we knew we'd never get close to the option price BUT if we got our money back and started again we'd get options on the depressed price which was far better longer term.

Hope that makes some sense. As Tallyoh said the interest isn't a patch on paying off card and loan interest so zero point as having simply to stash cash.

marriedworriedmum

tyllwyd....thankyou!

Dancing fairy I havent looked into the pescriptions yet but i will today great idea!

Hello to everyone who messaged me your advice has been brilliant.

Linda i've signed up to do some online surveys, should be fun xxx