I have mostly worked in IT companies which have had minimum variable component, ZERO stocks benefits and almost 90% cash. Now, due to lesser salary, I tried my hands on the stock market, and the results have been pretty decent. with 15L as the starting amount, I was able to pull out 20L as profit. In 2 years or so. Coming back to the RSUs, you do not need to depend on them much. Most companies let you sell the stocks after every 3 months. I suggest - Do that! The number 1 rule of trading is diversification. Never put all your eggs in the single basket. Of course your company might become 10X in 2 years, however any other company can do the same! And that other company might not even be in Software. It might be a Pharma company, a Cement company, a Power company (IEX?), even a toy company! I suggest you guys to keep the 10% of your RSUs, pull out 90% of the money and spread it across different stocks and funds. Even go for Fixed deposits. Staying safe never hurts a lot. So, when tomorrow another Meta or Amazon or Snap crash happens and you are the employee, you are totally shielded. For any other trading advise, please do not DM. I will keep on posting as and when I have another train of thoughts. #rsu #money #wealthmanagement
"Please dont DM, for trading advice". I need this confidence in my life.
Lol
First of all, any fuck would have doubled its money in last 2-3 years. Double now if you call yourself so damn knowledge fucker.
That is a very great attitude to have. I started with 4.5L this May. Have made 9L profit from it. That was done playing both sides. But yeah, fuck my attitude as well :-D
Dafuq did I just read? Fixed deposits shields you from squat. FDs give us 2.5% at max. Inflaction is atleast 8%. Lost there already. Diversification is a valid point, but doesn’t mean you have to pull out 90% of your rsu and put it somewhere else. Essentially you don’t trust the company you work for if you do that. Also RSU grant ! = profits from trading. Former is your TC, later is your capital gains. The risk in latter is insane.
It's a part of TC till you cannot sell it. Once you're allowed to sell it and you're not selling it, it's the same as you've bought those shares off the market with that value. And then, you're waiting for Capital gains. Same insane risk. All in a single company.
How? it’s not the same as buying. Don’t you see the chicken and egg problem. If you dont have RSU grant and instead use base pay to buy shares, that implies you are dipping into your fixed income and exposing it to the market. If you do have grant, i don’t touch base pay and instead rsu vesting comes as additional income. Irrespective of the market, my base pay isn’t touched.
Shit knowledge 101 by shit who doesn't mention TC.
TC >>> Trading A fantastic way to live life. Good luck with that
Without TC, will you trade your shit?