I have about $1000 in an ESOP account that was started when I was with another employer. I am currently working for another company and would like to invest in the stock where I am working. Can I withdraw the money from my ESOP account and put it in another account to reinvest? If so, what is the least expensive way to do this? Do I need a broker? How much would that cost? Any help would me most appreciated.
2007-11-18 16:06:00 · 1 answers · asked by Anonymous in Business & Finance ➔ Investing
Yeah, I get quarterly statements. Old company is safe and steady. New company stock is rock bottom now but new CEO is doing great things. Really think new company is going to skyrocket in next year or two. Plus ESOP is such small amount, it feels like "free money" to invest.
2007-11-18 23:21:39 · update #1
Check with your former company's HR dept. They should be able to help you with the info on how to sell your shares. Also you should get quarterly statement on your ESOP account (I know I do).
Question for you here: Is the stock at your new company better than the stock at your old company?? I would do a little research here. The old stock might be the better investment.
2007-11-18 18:31:00 · answer #1 · answered by exactduke 7 · 0⤊ 0⤋