Tips for going through an IPO?

Uber
fcknfrstct

Go to company page Uber

fcknfrstct
Aug 28, 2018 25 Comments

Interested in the thoughts / insights of those that have had huge windfalls (let’s say >250K) or gone through a successful IPO.

What are your pro tips for those living a normal upper middle class life? Let’s say that includes small amounts of revolving debt, student loans, mortgage, car payments/lease, etc. What do you do with 500k or 1mill? What DON’T you do? Thoughts on financial advisers? Etc.

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 TOP 25 Comments
  • Avalara
    beans👌

    Go to company page Avalara

    beans👌
    Put all your IPO gains to shorting TSLA. YOLO
    Aug 28, 2018 0
  • Indeed / Eng
    on 🔥

    Go to company page Indeed Eng

     on 🔥
    I wonder how can anybody in tech has any kind of debt besides the mortgage.
    Aug 28, 2018 4
  • Apple
    ijyA68

    Go to company page Apple

    ijyA68
    Find someone to manage your money. Don’t try to do it yourself.
    Aug 28, 2018 3
    • Cloudera
      asdfqwert1

      Go to company page Cloudera

      asdfqwert1
      I'd say this may not be the best advice. A lot of people will look at you as $$$. Investing is relatively easy are you spend some time researching.
      Aug 28, 2018
    • Don't listen to this. Someone is going to end up charging you 2% or more on your investments every year and not even beat the market. Just stick your money in low cost vanguard funds and make more in the long run.
      Aug 28, 2018
  • Uber
    Chocobear

    Go to company page Uber

    Chocobear
    Investing is simple, tax planning / strategy is complex. I would DIY invest and hire a good CPA to help plan income.

    Not sure what you mean by normal upper middle class life. Why would you have any debt other than mortgage???

    Don’t buy a brand new car.. that’s dumb when you can buy one with 10,000 miles on it for 15% to 30% less. Don’t lease a car unless it’s stupid cheap (less than 400 a month).

    Rental properties are good way to build passive income. Aim for 20% annualized ROI at least.
    Aug 28, 2018 1
  • Cloudera
    asdfqwert1

    Go to company page Cloudera

    asdfqwert1
    Anything in 6 figures doesn't change much in the bay area. Just pay down high interest loans and keep living the life you were living.

    If you aren't already invested, buy some low cost index funds and let it sit. Also get ready for the stupidly high tax bill you're going to get the year after ipo. Withholding is never prefect so keep some of the cash aside for the irs.
    Aug 28, 2018 3