Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Pros/Cons of Buying Discounted Company Stock
The major pros tend to be: The major cons tend to be: Being in California, you've got state income tax to worry about as well.  It might be worth using some of that extra cash to hire someone who knows what they're doing to handle your taxes the first year, at least.  I've always maxed mine out, because it's always seemed like a solid way to make a few extra dollars.  If you can live without the money in your regular paycheck, it's always seemed that the rewards outweighed the risks.   I've also always immediately sold the stock, since I usually feel like being employed at the company is enough "eggs in that basket" without holding investments in the same company. (NB: I've participated in several of these ESPP programs at large international US-based software companies, so this is from my personal experience.  You should carefully review the terms of your ESPP before signing up, and I'm a software engineer and not a financial advisor.)