Many share purchase plans restrict the ability to sell or transfer shares, particularly when the company makes matching contributions.
There may be no better employee benefit than the company stock plan. You buy some stock with each paycheque and then in many cases your employer purchases some stock for you too. It’s free money and if your company does well, those shares will grow in value.
It’s a great way to save, but there is a catch: By the time you retire much of your net worth could be tied up in one place. So what’s an investor to do? We asked Jack Courtney, Vice-President, Private Client Planning at Investors Group that question, and here’s his advice.