ESPP's are great. Two things to remember with Employee Stock Purchase Plans
There aren't a lot of people that have this opportunity, but I write this for those that do (for those that don't have one at work, they are pretty sweet. It allows you to buy your company's stock, typically at a discount, and depending on the specifics of the plan and market movement, the gains can be massive, but the probability of a loss is almost zero if you sell at the distribution date. It is kind of like playing the market on your company's stock with a guaranteed return (the discount to market), but an opportunity for a lot more upside). Here are the things to remember:
1. As you mentioned, the holding period. My wife had an ESPP when we first got married a long time ago, and I haven't had one since, so I don't remember specifics about the holding period but pretty sure it is longer than a year (I think I know, but don't want to be wrong and distribute wrong info).
2. More importantly, with the longer holding period, you want to make sure it is a good long term holding. If not, you might be better off immediately selling it and using the cash to buy something else. I always ask the question - would I buy this stock today? That is what you are doing when you hold it. You never go broke taking a profit, but if there is a good outlook, there is some sweet tax savings at the end of that rainbow.
C8D, sounds like you have it covered - this is more for other people that have ESPP to make sure they don't donate early.
"We will fight, day or night. Rain or snow. There is no mention of fair weather." By a CB Poster but I can't remember who...
The Mighty Acorns was my high school mascot?!
Let's get to a 16 team football playoff. Bigger than March Madness.