One of the oldest adages when it comes to investing is buy what you know.
And there’s nothing you know better than the place where you work. Thanks to employee stock purchase plans and stock options at many large companies, savers have the ability to add equity shares of their own employer – and often at a steep discount to current market values. This can be a very good way to build wealth over a long career.
The question is, should you actually participate in the plans?
After several major corporate blowups and other horror stories, the waters on employee stock purchase plans have certainly been muddied. For savers, another old adage – don’t put your eggs in one basket – could be the way to go.
Use the Dividend Screener to find high-quality dividend stocks. You can even screen stocks with DARS ratings above a certain threshold.