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glad i took a long position mome
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Feb 24, 2017 02:50
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Gazpacho posted:what Larry was the only tech billionaire without one 
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Feb 24, 2017 03:05
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logged into dice.com, it still has my resumé from ten years ago lol. look at all this poo poo on my resumé that I forgot about.
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Feb 24, 2017 03:15
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mishaq posted:golden cuffs own was it someone in this thread that said they can find interesting and fulfilling problems on their own time, but can't stack paper on their own. I think it was.
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Feb 24, 2017 03:29
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man i'm gonna wreck it at new place not even end of week one and i am already wrecking it
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Feb 24, 2017 03:33
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also my last paycheck was 10,000 so that's all going in my emergency fund in case this startup explodes
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Feb 24, 2017 03:34
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"in case"
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Feb 24, 2017 03:35
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MALE SHOEGAZE posted:also my last paycheck was 10,000 so that's all going in my emergency fund in case this startup explodes  how frequently do you get paid
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Feb 24, 2017 03:42
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i had been paying into a stock purchase program that only vests (or whatever) every 6 months so i just got refunded all that money. so i actually lost out on maybe a grand (but saved myself the hassle of having to sell stocks).
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Feb 24, 2017 03:46
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MALE SHOEGAZE posted:i had been paying into a stock purchase program that only vests (or whatever) every 6 months so i just got refunded all that money. so i actually lost out on maybe a grand (but saved myself the hassle of having to sell stocks). i can't figure out if espps are particularly worth it. unless you can drop very large amounts in i feel like it's better to just max out your 401k and save?
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Feb 24, 2017 04:00
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triple sulk posted:i can't figure out if espps are particularly worth it. unless you can drop very large amounts in i feel like it's better to just max out your 401k and save? theyre worth it if you work at a Real Company™ whose stock price is continuing to increase
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Feb 24, 2017 04:02
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mishaq posted:theyre worth it if you work at a Real Company™ whose stock price is continuing to increase i would need to calculate what my gains would be
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Feb 24, 2017 04:04
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triple sulk posted:i can't figure out if espps are particularly worth it. unless you can drop very large amounts in i feel like it's better to just max out your 401k and save? why not both
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Feb 24, 2017 04:09
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yeah if you're some high income computer toucher, maxing out your 401k easy, might as well get in on that stock purchase plan in addition to your regular investment accounts I mean those suckers cap out at only $18k/year Arcteryx Anarchist fucked around with this message at 04:13 on Feb 24, 2017 |
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Feb 24, 2017 04:10
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triple sulk posted:i can't figure out if espps are particularly worth it. unless you can drop very large amounts in i feel like it's better to just max out your 401k and save? this is going to depend entirely on the details of what you can buy at
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Feb 24, 2017 04:12
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In general you want to "bet against" your own company since you're already betting your career there and that's way too many eggs in one basket. Most companies prohibit employees from shorting their own stock, though, but you can at least sell your RSUs as soon as you're allowed. Similarly, avoid stock purchase plans unless they give you a pretty significant discount, and again sell them as soon as you're allowed. It's also a good idea to long-term hedge against the industry you're in. That's a bit harder though - you probably can't short mutual funds covering your industry since they likely include your own company.
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Feb 24, 2017 04:16
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triple sulk posted:i would need to calculate what my gains would be my company has a really good espp + growing stock price and i make a good chunk of change every 6 months just immediately selling the stock
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Feb 24, 2017 04:17
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ShadowHawk posted:Similarly, avoid stock purchase plans unless they give you a pretty significant discount, and again sell them as soon as you're allowed. is 15% good enough?
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Feb 24, 2017 04:19
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mishaq posted:my company has a really good espp + growing stock price and i make a good chunk of change every 6 months just immediately selling the stock i think i could get like a couple hundred or so a quarter at best. it's not nothing but it's also not really amazing
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Feb 24, 2017 04:19
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ADINSX posted:This is what keeps me from even bothering to apply, despite my fiance working there and some of our friends. I'd only wanna work on very specific projects on their cloud or maps team, but even within those groups there are plenty of really boring projects.
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Feb 24, 2017 04:21
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JawnV6 posted:the gently caress is all this yeah mine woulda been 15% and that would've netted me a cool 1.5k probably less after fees and stuff DONT THREAD ON ME fucked around with this message at 04:25 on Feb 24, 2017 |
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Feb 24, 2017 04:22
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triple sulk posted:i think i could get like a couple hundred or so a quarter at best. it's not nothing but it's also not really amazing i make a lot more than that
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Feb 24, 2017 04:32
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JawnV6 posted:the gently caress is all this free money is always good enough. even better if that 15% is not just off the closing value at the end of the period but some formula that makes it more favorable. but really you should be pipelining that espp and selling it when it goes long term capital gains. the great thing is that the capital gains timer starts at the start of the espp period, not when you buy the stock.
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Feb 24, 2017 04:39
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The Management posted:but really you should be pipelining that espp and selling it when it goes long term capital gains nah
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Feb 24, 2017 04:47
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I think I could net out a ~$13k payday just by timing my exit just right and abusing the gently caress out of PTO accrual no vacation for a year tho :\
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Feb 24, 2017 04:56
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ive never recorded pto in adp/whatever at any of the last 3 companies ive worked for because my bosses never gave a poo poo
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Feb 24, 2017 04:59
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mishaq posted:ive never recorded pto in adp/whatever at any of the last 3 companies ive worked for because my bosses never gave a poo poo
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Feb 24, 2017 05:05
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nice but that's the wrong way to think about it. once you have the pipeline primed, selling 18 month old shares is no different from selling new shares you got yesterday except you pay less tax on them. the risk is only on your floating shares (3 periods) that you can't pull out until the end.
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Feb 24, 2017 05:09
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The Management posted:nice but that's the wrong way to think about it. once you have the pipeline primed, selling 18 month old shares is no different from selling new shares you got yesterday except you pay less tax on them. the risk is only on your floating shares (3 periods) that you can't pull out until the end. i dont want to hold my company's stock for 18 days, let alone 18 months realize the gain immediately and invest it in poo poo that you actually care about
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Feb 24, 2017 05:11
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all you guys discussing buying stock and I'm just kind of happy I think I'm getting a bonus this year
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Feb 24, 2017 05:16
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mishaq posted:i dont want to hold my company's stock for 18 days, let alone 18 months that's a different issue. yeah, if you don't have confidence in their stock then sell sell sell
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Feb 24, 2017 05:18
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The Management posted:free money is always good enough. even better if that 15% is not just off the closing value at the end of the period but some formula that makes it more favorable. how does this work? idk any of this poo poo.
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Feb 24, 2017 05:19
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The Management posted:that's a different issue. yeah, if you don't have confidence in their stock then sell sell sell it's not that i don't "trust" it, but playing speculative buyer of my own company's stock and holding it for over a year just for some preferential tax treatment isn't worth it in my eyes would you buy that same amount of stock at a non-discounted price?
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Feb 24, 2017 05:20
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mishaq posted:i make a lot more than that yeah in the grand scheme of things i can't bitch about what i'm paid but it's drastically less than what a lot of other people make mishaq posted:it's not that i don't "trust" it, but playing speculative buyer of my own company's stock and holding it for over a year just for some preferential tax treatment isn't worth it in my eyes as far as i understood the goal of espp was always sell asap, and also never have more than 10% of your portfolio in your own company's stock as a general guideline
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Feb 24, 2017 05:21
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on the whole my benefits are kinda poo poo and it pisses me off
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Feb 24, 2017 05:22
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the espp (and i guess our health insurance) are our only good benefits but the espp loving owns bones our 401k is poo poo
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Feb 24, 2017 05:23
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mishaq posted:it's not that i don't "trust" it, but playing speculative buyer of my own company's stock and holding it for over a year just for some preferential tax treatment isn't worth it in my eyes as an investor with insider knowledge? probably. if I didn't I would be selling right away like you are.
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Feb 24, 2017 05:32
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the stock market functions by having a very large pool of very foolish people buying at all times if you are not trading in very high volumes at very high speeds you are one of those foolish people
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Feb 24, 2017 05:35
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stymie was right
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Feb 24, 2017 05:44
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we're private and closely held so instead of stock we get "stock appreciation rights" which the board gets to set the value of arbitrarily. and they take like 2 years to vest. i have like 10000 of them and if i waited the full 2 years theyd be worth like 16k according to the current valuation. its totally worthless as an incentive to stay for the long haul.
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Feb 24, 2017 06:40
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