I have been with LinkedIn for 4.5 years. Accumulated $2M in $MSFT via RSUs and ESPP. However, my 401k, mbd, bd are maxed out and diversified. I know I got lucky. Any others from aapl, googl, meta, LinkedIn that kept large part of your vests as is? You must have 2 to 5M now. How do you feel about your one trick pony portfolio? Any clever tricks to reduce tax burden while diversifying your portfolio before the market crashes ($ devalues)? TC: 550k, Staff 13 yoe guaranteed more refreshers in this perf cycle and going up for promo in the next perf cycle
Switch some to VOO
Are you staff in all 4.5 years ?
For 3.5 yrs
There is no way you accumulate 2M just in 4.5 years, that’s like MS paying you 3.5/4M as an engineer. ESPP limit is peanuts per year
Considering MSFT stock went from ~100 to $340 if OP diamond handed those RSU and refreshers it would be pretty easy. An initial 600k.grsnt with no refreshers would be 2M. It's why bay area housing is so damn expensive. If you joined a FAANG in 2014 as a dev of PM and stayed the whole time and got refreshers every two years it's highly likely you could just retire if you decided to not live in the bay area.
What Capital said except that grants were larger. After tax during vests I have accumulated $2M change. Microsoft pays peanuts but LinkedIn does pay very well. IMHO LinkedIn pay and benefits are the best in the industry. You don't get those sweet and fat $msft grants elsewhere.
Wow, reading these posts is just sad. I am sitting here with TC of ~2.7 but only 200k NW, it feels trashy. How do you FAANG folk save so much?
Man this doesn't have much to do with FAANG. I am in FAANG and I barely have 200K NW
TC 2.7M?
2M in MSFT 🫠 I would be lucky to get 2M in total NW lol
Wow. That is insane. LI must be paying well MSFT pays 🥜 and it’s not getting any better thanks to our SLT.
Congratulations man. You made it big.
amazing, congrats. what's your NW?
start selling covered calls
This. You can pull in ~$240,000 on your $2m.
I sell covered calls all the time. I got called only once and sold about 100k msft. That's it. Now I have 5% of my brokerage non-msft.
cash out and retire!
$2 million is a nightmare. can't retire. not worth it to work. oh yes, two will drive you un Poco loco, my friend. poorest rich person in America. the world's tallest dwarf. the weakest strong man at the circus.
Lol