verylittlehelps

Nothing yet

Regardless of how much you hate the company (as everyone here seems to) you should take advantage of the SAYE scheme at every opportunity. You get the initial price at 5-10% discount to current price and its  literally a free bet on the stock market. Heads you win tails you draw. (minus the opportunity cost of those funds)

 

Quote from: madness on 09-02-23, 02:00PMRegardless of how much you hate the company (as everyone here seems to) you should take advantage of the SAYE scheme at every opportunity. You get the initial price at 5-10% discount to current price and its  literally a free bet on the stock market. Heads you win tails you draw. (minus the opportunity cost of those funds)

The only other "downsides" are it "ties" you into working for Tesco for that period of time - of course, you can leave at any time and you get your money back - but you lose the option to buy the shares - and if the current market price is "in excess" of your option price you would "potentially" be giving up a profit - altho at any point in time, that can be factored into your decision making - i.e. get a new job with a £3000 pay rise and better more sociable hours - that might be worth giving up a "potential" free profit on the SAYE scheme!!

The other "flipside" would be now that interest rates have "crept" up - potentially you're forgoing the opportunity to earn interest on your monthly contributions - potentially 7% a year!

Hence my oportunity cost point as yes interest rates are worth something now.

Sorry I read the "opportunity" in your thread as mean "opportunity of spending it on something to buy" not saving or investing elsewhere

I forgot to sign up again October just gone as I didn't know my 3 years was up as it said march 2023 so I mucked up this year lol.

Anyway, its my first time and I did try to find an answer but not seen it yet unless I missed it.  What DO you do when you get access to it?

e.g. HOW do you "sell as shares" or just get your money back?

e.g. worst case scenario I should be getting the money I saved up with no "bonus" best case scenario I will make (estimated £120 profit) from shares.. but not sure what the process is, and what to do next? is it simple as pressing a "yes no" button?

I just don't want to muck things up lol. - as its paying higher then my bank (well until the new 5% account I got) but missed the save as you earn this round hopefully I'll remember to do it next October.

Go to your tesco account, proceed to benefit and reward, go to your share, and there will be link to your account in the exchange. And sell your share. Money will be in your bank account within few days, but I did it years ago. It might change though.

Thanks, I checked again (as I did that in first place but couldn't find anything) and I now have a NEW button "maturity instruction".

It wasn't there before in the past 2 times visiting since my payments stopped, so I wasn't sure what to do lol

Just managed to click few boxes saying I want to sell and have money transferred.

Says it will take 10 working days after matured and shares are sold (so I'm guessing basically 2 weeks into March as it says 1st March is maturity date) - was simpler than I thought.. - just when I tried a few times there was no information but seems I just had to wait for the "maturity instruction" button to appear.

Works out 16% interest IF I get the projected amount, not too bad when you compare the bank savings accounts lol.

You should wait until the date incase the share price drops and you want to take your money.

Did shares sell today ?

I was just coming to ask same thing.   Just noticed my accounts say £0 - can't see any shares or even how much it SOLD for or anything!

I assume it will appear in my bank soon but would like to see when/how much profit I made! got debts to pay off asap since Covid f'd me over (I have health issue meaning Tesco didn't allow me to work - so only got paid for my contract hours, so only got paid for 6 hours a week to live off even though I normally work 16+ on overtime shifts).

Hi not sure if u guys can help. I know this isn't the right subject but I am having trouble selling my shares it keeps asking for share number certificate which I haven't got . Previously when I have sold some I could sell them through shareview. Any help would be appreciated.

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Ring them up they are really helpful and will give you the number you need

Dividend day guys