Career Advice wrto an Environment Undergoing Change of Ownership

[Coronita]

Boom. Done deal… Written offer came through, and I accepted.Barring something that comes up unexpectedly in my background check, it should be good to go.

Everything ended being as expected, except maybe the health insurance part, which my out of pocket maximum each year ends up being $3000 instead of currently $750. Darn it. Then again, I’m pretty sure the new acquirer will strip our health plan too. It seems to be the common theme these days, even at Qualcomm where the executive health plan has been cut and talk about a new HSA based plan moving forward as well as nickeling and diming employees by starting to charge things like a 401k account maintenance fee. Still, given the current environment, Q still has the best benefits I think, maybe a close second would be Intuit.

Anyway, I also hedged against the possibility of a catastrophic stock price loss on my stock grants, by buying cheap out-of-the-money put options at the new company. That way, if something catastrophic happens to my new company’s stock price, my put options should go up significantly, insuring me mostly from a catastrophic loss. And if the company’s stock stays or goes up, my put options will expire worthless but the value of my stock will be still high(er) to offset this cheap insurance. Trying to minimize my financial risks from a volatile stock market going into an environment were the Fed is going to raise rates…

[flyer]

Yes, cvmom, although not mainstream, it’s definitely a very good movie. Although the author has had some royalty issues of late, we’ve heard he’s doing well.

My wife has been involved in developing her share of blockbuster movies, but she most enjoys searching the world for hidden gems like this one, and has met some extremely interesting people along the way.

[flyer]

The main thing about all of this is that it sounds like you’re really going to enjoy the experience, as well as the financial rewards.

In my book, that’s the only way to live–enjoy!

[Coronita]

[quote=flyer]The main thing about all of this is that it sounds like you’re really going to enjoy the experience, as well as the financial rewards.

In my book, that’s the only way to live–enjoy![/quote]

I try not to get too excited about every new thing. The reason being is I’ve been around enough to realize that the grass is greener when you aren’t there. I’m sure every place has their issues. I would have been perfectly happy if I could stay where I am at. But then I also realize, I was getting too comfortable and tolerating things too much. So we’ll see. That said, I’m not ready to retire both financially and because I think I want to try to milk as many years more as I can doing what I do before people really don’t want me anymore.

In the meantime, I still need to build my real estate empire so when that day does come that I can’t work anymore, plan B is already alive and in auto-pilot.

I need to teach my kid to start investing much earlier in real estate. Starting at 30ies is just way too late if you are starting from nothing. One property per year netting $1000/month x10 is just unrealistic. More like one property per two years, maybe three if prices stay the way they are at. So to acquire about 10 properties, one probably needs closer 15-20 years..So kid should probably start when they are in their mid-twenties

[svelte]

Congrats flu.

Your philosophy on tech employment is very similar to mine. Probably on life in general too.

[an]

[quote=flu]I need to teach my kid to start investing much earlier in real estate. Starting at 30ies is just way too late if you are starting from nothing. One property per year netting $1000/month x10 is just unrealistic. More like one property per two years, maybe three if prices stay the way they are at. So to acquire about 10 properties, one probably needs closer 15-20 years..So kid should probably start when they are in their mid-twenties[/quote]Just by you think that way is a great start. My dad got me into investing when I turn 18 by offering me a 1 to 1 match and I took him up on it. If you teach your kid about the advantages of owning rentals and help them buy it (maybe a 2 to 1 match?) then they can start much earlier. I also feel that it takes a few generations to build true wealth.

[enron_by_the_sea]

[quote=flu]Boom. Done deal… Written offer came through, and I accepted.Barring something that comes up unexpectedly in my background check, it should be good to go.
[/quote]

Congrats!!!

[flyer]

[quote=flu][quote=flyer]The main thing about all of this is that it sounds like you’re really going to enjoy the experience, as well as the financial rewards.

In my book, that’s the only way to live–enjoy![/quote]

I try not to get too excited about every new thing. The reason being is I’ve been around enough to realize that the grass is greener when you aren’t there. I’m sure every place has their issues. I would have been perfectly happy if I could stay where I am at. But then I also realize, I was getting too comfortable and tolerating things too much. So we’ll see. That said, I’m not ready to retire both financially and because I think I want to try to milk as many years more as I can doing what I do before people really don’t want me anymore.

In the meantime, I still need to build my real estate empire so when that day does come that I can’t work anymore, plan B is already alive and in auto-pilot.

I need to teach my kid to start investing much earlier in real estate. Starting at 30ies is just way too late if you are starting from nothing. One property per year netting $1000/month x10 is just unrealistic. More like one property per two years, maybe three if prices stay the way they are at. So to acquire about 10 properties, one probably needs closer 15-20 years..So kid should probably start when they are in their mid-twenties[/quote]

Agree building the real estate portfolio is a great idea for you and your family. It’s worked out great for my grandparents, parents, as well as for us and our kids, whom I sure will also pass it on.

[Author]

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