Crewmember Stock Purchase Plan
07-19-2023 | 11:42 AM
#2
SDQ Base Chief
Joined: Mar 2006
Posts: 6,085
Likes: 46
From: 320 CA
The smart move is to dump it ASAP. I did it for years and held the stock like an idiot (still holding and deeply underwater 😭 )
07-19-2023 | 12:10 PM
#3
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
07-19-2023 | 12:49 PM
#5
Thread Starter
On Reserve
Joined: Sep 2019
Posts: 191
Likes: 0
So if I'm thinking about this correctly... if someone is making $200k, they can invest $20k and after dumping it, make $3000 (15%). After short term capital gains, you're making about $2000? Wondering if that's worth the opportunity cost of not getting to invest that $20k on your own. (Unless I'm missing something)
07-19-2023 | 01:25 PM
#6
On Reserve
Joined: May 2018
Posts: 12
Likes: 0
So if I'm thinking about this correctly... if someone is making $200k, they can invest $20k and after dumping it, make $3000 (15%). After short term capital gains, you're making about $2000? Wondering if that's worth the opportunity cost of not getting to invest that $20k on your own. (Unless I'm missing something)
I am of the opinion that that is a fantastic guaranteed return and that the EV of holding an airline stock is negative.
Why not take your 20k -> 23k and then invest your 23k into your 15% gain machine.
07-19-2023 | 02:28 PM
#7
Line Holder
Joined: Jul 2008
Posts: 529
Likes: 0
So if I'm thinking about this correctly... if someone is making $200k, they can invest $20k and after dumping it, make $3000 (15%). After short term capital gains, you're making about $2000? Wondering if that's worth the opportunity cost of not getting to invest that $20k on your own. (Unless I'm missing something)
07-19-2023 | 04:05 PM
#8
Thread Starter
On Reserve
Joined: Sep 2019
Posts: 191
Likes: 0
With maths it's actually 17.65% and you can do up to 25k provided you make $250k. $4413 minus taxes is possible. So most likely $3000/year after taxes for less than 2 minutes of your time. I give them $12500 spread out over 6 months and they give me back $14706 twice a year.
07-19-2023 | 04:29 PM
#9
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
It's not even debatable, max the CSPP, after 6 months sell, then reinvest the money into something else. You cannot consistently beat 17.65% return over 6 months. Well, vegabondpilotboxrocks will tell you he could do it, but certainly no one else could do that. And they don't even have your money for six months. Only the first months deposit. They have the sixth month deposit for a month.
07-19-2023 | 04:40 PM
#10
Line Holder
Joined: Oct 2015
Posts: 472
Likes: 1
It's not even debatable, max the CSPP, after 6 months sell, then reinvest the money into something else. You cannot consistently beat 17.65% return over 6 months. Well, vegabondpilotboxrocks will tell you everyone can do it, but certainly no one else could do that. And they don't even have your money for six months. Only the first months deposit. They have the sixth month deposit for a month.
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