Net worth / Age

VMware lmbgggtyr
May 10 82 Comments

Let’s try this one more time. Let’s check who is where in this race.

Assets - liabilities as of today.

600k/33

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TOP 82 Comments
  • Flagged by the community.

  • Pinterest whynut
    700k/25
    May 10 15
    • Pinterest whynut
      With some promotions and stock growth you'll get there
      May 10
    • Pinterest whynut
      And yes, you're right, my friends in hedge funds don't get paid as much
      May 10
    • Sizmek athV68
      Pretty sure you don’t either. But good luck !
      May 10
    • Airbnb liFu43
      This doesn't seem that surprising after the PINS IPO
      May 11
    • Oracle chloe5
      I don't believe this. Gotta be inheritance.
      May 11
  • Flagged by the community.

  • Pure Storage RogerDoger
    2.6m/37
    May 10 11
    • Salesforce 2438ez
      The argument is that if you keep RSUs you are not diversified enough. Your unvested RSUs and your future employment and income are a heavy enough investment in the company. Having a blanket rule not to sell any RSUs is silly. Your RSUs could be 10% of your income or 50% of your income. The ideal choice can’t be to keep all RSUs in both cases. Why let the company decide how much of your stock portfolio is going to be company stock, instead of deciding yourself? If you were compensated in 100% cash, how much stock would you purchase in your company? That’s how many RSUs you should keep - no more, no less. It doesn’t mean keeping more can’t pay off. It certainly has over the last five to ten years. But it’s uncompensated concentration risk, a speculative move.
      May 11
    • Pure Storage RogerDoger
      Yes, I know the argument and think it is bullshit. You should treat RSUs same as other investments - keep the winners, sell the losers. Being actually employed at the company means you have access to "insider" information. By law, you are prohibited to act on this information during the blackout period. But, nobody is prohibiting you from *not* acting on your information. If you are bullish on your company, keep the RSUs and join the ride. Otherwise, LC and hightail it out of there.

      Think of how Bezos manages his portfolio. Is he expressed to higher risk due to having large portions in a single stock?

      Diversify, yes, but do that with your other investments. Only sell RSUs when you need the cash for a large purchase.
      May 12
    • Pure Storage RogerDoger
      Also, look up endowment effect. The argument about how much stock you are willing to buy in the company if compensated in cash falls through because of the endowment effect.
      May 12
    • Salesforce 2438ez
      Yes Bezos is exposed to higher risk due to having large portions in a single stock.

      Yes endowment effect encourages people to not sell RSUs that they probably should, simply because they already have it. That’s what makes the argument useful, to try and mentally step outside the endowment effect.

      Agree to disagree 🤷‍♀️ everyone’s investment decisions are their own. No one knows the future and only time will tell if risks and gambles pay off.
      May 12
    • Pure Storage RogerDoger
      By selling all your RSUs to buy index funds, I feel you are over correcting for the endowment effect and missing out on the potential to do better than the market. I only mention this because someone asked for advice. Other than holding on to RSUs, everything else I did was pretty standard financial planning best practice - live frugally, diversify with index funds, keep winners sell losers, etc. I do feel that I have done slightly better than my peers that sold their RSUs the instant they got them.
      May 13
  • eBay Parked
    50K/37
    May 10 3
    • VMware lmbgggtyr
      OP
      Why so lo ?
      May 10
    • New / Eng Bsky
      He lives in third world country. Hence conversion to usd is low
      May 11
    • VMware lmbgggtyr
      OP
      I think col and salaries are pretty high in Switzerland.
      May 11
  • Microsoft WJyo24
    -82k/39
    May 11 0
  • Amazon cjaP02
    350k/23
    May 10 2
    • New MVxb56
      👏 good job. May you like to share your secret sauce?
      May 11
    • Amazon cjaP02
      A bit of luck with investments when I was in college, and then saving every penny :)
      May 11
  • New / Other
    DuQvV7y

    New Other

    BIO
    Did stuff. Hustled hard. Retired
    DuQvV7ymore
    10” (verified)/44
    May 11 0
  • Apple kylo_when
    69420k/1
    May 10 0
  • VMware / Product lRQQ72
    3.8M / 44
    May 11 5
    • Microsoft OgUa26
      Neat; care sharing how you got there?
      May 11
    • VMware / Product lRQQ72
      Most of it is real estate, still have mortgages but they now make less than 30% of some of the property values, 10+ years after the purchase. Doing airbnb short term at some, long term at others but worth the extra hassle. Every time I vest I sell the rsus and diversify. Have about 1.4M in unvested stock...
      May 11
    • Oracle chloe5
      Nice....
      May 12
    • Microsoft OgUa26
      Cool stuff VMware! Is 3.8M inclusive of the 1.4M? Where do you do Airbnbs? Are they local to where you live, or do you go through some property management services?
      May 12
    • VMware / Product lRQQ72
      That is exclusive of the unvested stock but it includes the value of the properties, minus mortgage, all IRAs, 401ks and common stock accounts + money held in savings, waiting for opportunities to invest. It is semi local, I could not make the numbers work with a management company. I have maintenance crews for grass and snow, cleaning service for hause and laundry, rest goes to me...
      Location will not be disclosed to keep anonymity, but it is a very touristy place...
      May 12
  • Oracle jackbauer6
    6m/49
    May 10 2
    • Microsoft OgUa26
      How did you do it?
      May 11
    • Oracle chloe5
      Take full advantage of 401k. live frugally, invest constantly and consistently. I switched jobs every 3 to 4 years. Spouse had good stock appreciation. Above all frugality is the key word.
      May 12
  • Google coolguy00
    >1M/28 and 6".
    May 10 0
  • Amazon PIPorGTFO
    110k/30
    May 10 0
  • Amazon / Eng L6SDE
    1.8M/33
    May 10 0
  • Apple
    300K

    Apple

    PRE
    AMD
    BIO
    Spittoon of Upper Mgmt
    300Kmore
    $1.4M/40
    May 11 3
    • Microsoft BezosBalla
      You’re where I’m trying to be in 3 years. Long way to go.

      How much farther you going?
      May 11
    • Apple
      300K

      Apple

      PRE
      AMD
      BIO
      Spittoon of Upper Mgmt
      300Kmore
      $2M before I hit 50 and then retire
      May 11
    • Microsoft BezosBalla
      That’s a good goal!
      May 11
  • Expedia jus
    4m/37
    May 10 2
    • Move JUvY31
      How?
      May 11
    • Expedia jus
      Frugal, living below means, invest in real estate, saving started early on, compunding effect.
      May 11
  • New hqWe60
    1.5m 25 8" checking in
    May 11 0
  • Tableau / Eng DuckDodge
    910k/32
    May 10 0
  • Facebook crapcake
    5m/40
    May 11 3
    • Oracle chloe5
      Facebook stock? u did good.
      May 11
    • Amazon kaue
      Impressive!
      May 11
    • Amazon laba
      Would you share what are you doing for making some passive income? Real estate?
      May 11
  • New EUaT03
    90k/20 (still in school and saved $$ from scholarships, internships, and side hustles)
    May 15 2
    • Microsoft
      fern vbv

      Microsoft

      PRE
      Google, Amazon, Facebook
      fern vbv more
      What are your side hustles?
      May 15
    • New EUaT03
      Tutoring and Pro gaming. I don't do either of these anymore, though.
      May 15