The market is well stocked with alternatives to Mint, many of which do the job even more effectively than their arguably more famous counterpart. Are you looking for something that offers a little bit more than mainstream options such as Mint? You are in luck.
We are going to be exploring one of these lesser-known alternatives below. Read on to learn more about GrowthAdvisor, and why it may represent a viable alternative to Mint.
GrowthAdvisor is an all-in-one employee stock options management solution designed to give users the tools and insight they need to really develop their portfolio and their wealth. The solution brings together company data from a diverse array of firms to enhance the insight that users receive.
Why is it better?
GrowthAdvisor works on a big scale, amassing data from over 800,000 companies to predict future valuations and other metrics. Users report doubling or even tripling their gains on employee stock options when they use the solution. There is also a range of features that help you to negotiate and make decisions on whether or not to move to or from a company. Basically, GrowthAdvisor gives you everything you need not only to pursue an effective career but also to make sure you are maximizing your income and developing your wealth.
What Makes Employee Stock Options So Useful for Developing Wealth
Many people already buy and sell stock in publicly traded companies as a way to enhance their wealth. So what is it that makes employee stock options different, or better?
The key to this lies in the way that employee stock options actually work. To put it simply, the employee is given the option to buy a certain amount of shares in their employer’s company at a set price and within a set time period.
This option price will not change for the duration of the time period. You have the option to buy these shares for this price at any time up to the expiration date.
How does this work in practice?
The employee stock options will begin whenever they are issued to you. Let’s say that this issue data is 05/20/2020 and that you are quoted a price of $5 per share for 500 shares.
At any point after this issue date, you have the right to purchase 500 shares at the price of $5 per share. The period runs out on the option expiration date. Let’s say that this date is set at 05/20/2030.
For a while, you decide not to exercise your options, instead of waiting to see what changes the market brings. However, after five years (and with five years left on your options), you see that the stock has settled into a pattern of gradual increase. In the five years that have passed, the stock has grown to $10 in value and you decide to purchase the shares.
You now need to purchase the 500 $10 stocks, but at the original price of $5 per stock. This means you are paying $2,500 to purchase $5,000’s worth of stock, which is a great return by anyone’s standards.
What Are the Advantages of Employee Stock Options?
- The option to access high-value stock at a discount price
The most obvious advantage is that you will be able to access high-value stock at a discount price. In the example outlined above, you are doubling your investment as soon as you decide to purchase the stock.
- Flexibility when it comes to payment
You can choose to pay for employee stock options in a number of ways. You can trade-in your existing stock to the value of the initial option, effectively bolstering your stock portfolio and ou can pay in cash. Or you may have the option to use your immediate return on investment to cover the cost of the purchase.
- Potential tax benefits
In some cases, you may be able to leverage tax benefits on your employee stock options. Speak to a tax advisor and find out what you could potentially be saving.
How Does GrowthAdvisor Help?
As one of the best alternatives to Mint, GrowthAdvisor has proved adept at making its users money and helping them to get the best from their employee stock options.
This is because GrowthAdvisor gives employment candidates the chance to see what sort of stock options are available to them as they weigh up different employment options. With ease, they are able to cut through the sometimes confusing remuneration and compensation figures and see exactly which employer can provide the best deal.
It pays to shop around when it comes to money management tools. Mint may have built up a reputation as one of the market leaders. But there is so much more advantage to be gained by looking beyond the obvious. Try the GrowthAdvisor solution and find yourself a career that provides lucrative returns on your stock investment.