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cis autodrag posted: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. lol
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Feb 24, 2017 06:47
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wow I might get 9 grand after taxes if I stay at this bad company for 2 more years and all other things go exactly as planned
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Feb 24, 2017 06:54
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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 I'm doing consulting rn Billable Hours Matter
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Feb 24, 2017 07:32
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qirex posted:wow I might get 9 grand after taxes if I stay at this bad company for 2 more years and all other things go exactly as planned that's kinda me except it's worse lmao
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Feb 24, 2017 07:39
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there's tiers of options: 1. founder poo poo. you got all your shares for free and you'll be gently caress you rich if it pans out 2. rank and file, everything going perfect means you can get a fully loaded 3-series out of it 3. everyone else where it's barely worth exercising because of the extra tax paperwork expecting all those people to work together productively is insane, especially since all the execs are tier 1 and everyone else is lower
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Feb 24, 2017 07:58
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there's spaces in between those but a director who's a 1 telling all his 2s and 3s to work all weekend is stupid [but it works more than it should]
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Feb 24, 2017 07:59
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qirex posted:there's tiers of options: if you're a 2 and not getting at least a year's salary out of your options (which should be more than a fully loaded 3 series) you have hosed up
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Feb 24, 2017 15:52
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Blinkz0rz posted:how does this work? idk any of this poo poo. short term capital gains are taxed according to your income bracket. long term is like half that: https://www.fool.com/retirement/2016/12/11/long-term-capital-gains-tax-rates-in-2017.aspx and happens after you hold on to the stock for a year
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Feb 24, 2017 18:22
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hifi posted:short term capital gains are taxed according to your income bracket. long term is like half that: https://www.fool.com/retirement/2016/12/11/long-term-capital-gains-tax-rates-in-2017.aspx and happens after you hold on to the stock for a year you have to do (in many cases) more than hold onto the stock for a year when dealing with espp depending on when you start the plan qualifying vs disqualifying dispositions
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Feb 24, 2017 18:28
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Bloody posted:if you're a 2 and not getting at least a year's salary out of your options (which should be more than a fully loaded 3 series) you have hosed up after taxes? I know some of the trendier companies do RSUs even for rank and file but most places still do options as far as I know and options are a great way to watch 150k turn into 55 [and that's if everything goes right]
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Feb 24, 2017 18:50
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qirex posted:there's spaces in between those but a director who's a 1 telling all his 2s and 3s to work all weekend is stupid [but it works more than it should] its because the 2s and 3s think of themselves as 1s for some reason
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Feb 24, 2017 18:51
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relevant to this thread: found this while cleaning out some old papers if I find the letter they sent me explaining that they're worthless maybe I'll get them framed together
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Feb 24, 2017 19:01
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qirex posted:after taxes? I haven't found any place that isn't a pre ipo startup that is still giving options. I've been pretty lucky with options but in general RSUs are much more likely to be worth something than options.
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Feb 24, 2017 19:01
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cis autodrag posted: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. i have a family friend who was in this situation, except the company was eventually sold then went public and he quit and built a $4 million dollar lake house
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Feb 24, 2017 20:08
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RSUs own
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Feb 24, 2017 20:15
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Dislike button posted:i have a family friend who was in this situation, except the company was eventually sold then went public and he quit and built a $4 million dollar lake house if we ever got bought (unlikely) my appreciation rights would probably be instantly worthless as they're not real shares. its basically scrip pegged to an arbitrary "appreciation" in our private stock value as set by the board.
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Feb 24, 2017 20:33
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Dislike button posted:i have a family friend who was in this situation, except the company was eventually sold then went public and he quit and built a $4 million dollar lake house people getting the lowest tier of equity always think they're going to be this guy instead of getting espinosa-ed
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Feb 24, 2017 21:13
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eh i just have way too much cash saved up and really should convert it into index funds but i feel like the day i do that is the day the s&p finally craters i'm bad at money 
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Feb 24, 2017 21:14
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its not so much bad at money as being in the same position lots of people are: not wealthy enough to be so diversified that it would take a huge catastrophe to unseat you from a comfortable life
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Feb 24, 2017 21:17
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eh i'll do it when i finally get my green card trying to open a brokerage account as a non-resident is surprisingly annoying this of course totally justifies losing out on thousands of dollars in potential asset appreciation over that period of time. eh. gently caress man i just want a roof over my head ok  i don't need any luxury poo poo
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Feb 24, 2017 21:20
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Stymie posted:the stock market functions by having a very large pool of very foolish people buying at all times
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Feb 24, 2017 21:53
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if/when we ipo we're all gonna get fuckin paid i just started here and my shares will net me a good chunk of a mortgage i can't even imagine how paid the people who have actually been here a while will be
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Feb 24, 2017 21:54
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Rex-Goliath posted:if/when we ipo we're all gonna get fuckin paid wow I've never been so close to a cautionary tale
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Feb 24, 2017 21:55
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and pension funds and other huge institutional investors propping prices up socialism for the rich, capitalism for the poor 
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Feb 24, 2017 21:55
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power botton posted:wow I've never been so close to a cautionary tale ??
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Feb 24, 2017 21:57
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power botton posted:wow I've never been so close to a cautionary tale lol
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Feb 24, 2017 21:57
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pretty sure they're joking about :
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Feb 24, 2017 22:02
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lol if you work for a startup and don't get paid figgies any company that isn't a shitheap or a pyramid scheme run by scammy bizbros will pay pretty drat close to market PLUS equity. the equity makes up for the relative uncertainty + your presumed dedication to the cause, not as an excuse to underpay the only people who should ever be ramen-poor are founders, and they have a corresponding upside
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Feb 24, 2017 22:06
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scammy bizbros, in the valley!? 
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Feb 24, 2017 22:10
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lancemantis posted:pretty sure they're joking about : oh yeah no we're all paid real well. not making any sacrifices for this- it'll just be a real sweet windfall if it happens.
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Feb 24, 2017 22:17
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Sapozhnik posted:eh i just have way too much cash saved up and really should convert it into index funds but i feel like the day i do that is the day the s&p finally craters dollar cost averaging is good if you're a money wuss like me, buy the same $ amount every week/month and over time you absorb volatility https://en.m.wikipedia.org/wiki/Dollar_cost_averaging
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Feb 25, 2017 04:14
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qirex posted:I know some of the trendier companies do RSUs even for rank and file Why is this anyway? Like 1/3 of my comp is RSUs and I just autosell it for cash. Why do large companies prefer this over equivalent salaries with no RSUs?
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Feb 25, 2017 04:56
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Illusive gently caress Man posted:Why is this anyway? Like 1/3 of my comp is RSUs and I just autosell it for cash. Why do large companies prefer this over equivalent salaries with no RSUs? you have to stick around for them to vest and they're not a lottery like options are
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Feb 25, 2017 05:22
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Illusive gently caress Man posted:Why is this anyway? Like 1/3 of my comp is RSUs and I just autosell it for cash. Why do large companies prefer this over equivalent salaries with no RSUs? RSUs are created from thin air by diluting the existing stock pool. they are paying you from the pocket of the shareholders, not the company's balance sheet.
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Feb 25, 2017 06:39
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qirex posted:dollar cost averaging is good if you're a money wuss like me, buy the same $ amount every week/month and over time you absorb volatility lol
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Feb 25, 2017 07:39
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qirex posted:dollar cost averaging is good if you're a money wuss like me, buy the same $ amount every week/month and over time you absorb volatility quote:Empirical research on DCA has found that it does not function as promoted, and is a sub-optimal investment strategy; it reduces some form of regret, which is good if you're the kind of person who pulls money out of investments that are doing badly. to actually make the most money in expectation, invest everything immediately in one chunk coffeetable fucked around with this message at 08:47 on Feb 25, 2017 |
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Feb 25, 2017 08:42
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every single goddamn person on earth has the "best" way to invest, while DCA is not going to give the best possible return [by design] it's a way to reduce nervousness about when to buy in and schedule regular investment contributions where a lot of people just buy some stock then let it sit there. you probably shouldn't do it weekly though that's total overkill someone who maxed out on spdr in september 2007 would have had to live with it underwater for six years which isn't fun and loving laffo if you think this inflated rear end market we're in now is going to keep going up like it is now
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Feb 25, 2017 08:58
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you should "invest" in sick tats, motorbikes, drink and rad parties. that way when everything goes to hell you'll be broke, but you'll also be cool and have friends and good memories rather than being broke and also a loser
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Feb 25, 2017 13:51
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big scary monsters posted:a loser we all crossed that rubicon when we clicked the two one nine
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Feb 25, 2017 16:40
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don't ever let anyone make you feel bad for not having as much money as you "could" if you're happy and feel confident in your future 
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