asda(walmart) share save scheme

gozomark

in that case, same advice - if you can afford to tie up the money, go for it

sabretoothtigger

Its a free option and options usually cost money plus if you arent fixed into it, it should probably be considered like pension contributions and you are missing out on some of your pay if you dont do it

The currency risk would be that the pound becomes strong, I dont consider that a massive risk tbh but it does make it more complicated I guess

Some say the dollar is going to half so might be best to ask what happens then but I'd take the risk because imo the pound would broadly move with the dollar but who knows

weegie_2

just stumbled across this....

We took the share and save scheme out in 2006 - due to mature in June 2009. Dunno what the share price is at the mo, but think it has gone up since we took it out so I'll probably buy the shares at the 2006 price (roughly about £20) so I can make a bit extra.

My question is, once you buy the shares, how quickly can you sell them again (we need the money for house rennovations). Do I have to hang onto the shares for any length of time?

Robbie_Duck

Its a no lose situation really.

I am just coming to the end of a 3 year sharesave scheme with my employer. Share option price is £2.20. Todays share price is 46p!

Im just going to take the 2% interest and buy the shares on the open market.

I had another option at £3.20. That was due to finish in 18 months. I shut that one down and took the cash out halfway through the scheme because the share price crashed and lumped that cash into the shares on the open market.

Consider this a near worst case scenario (I suppose your company could always go bust). The way i look at it, Ive just saved £70 a month that i would have usually just frittered away. And its given me a lump sum to invest/save/fritter away! Best case scenario, your share price rockets and you get a nice new shiny car!