[kicksavedave]

Am I missing something here? You’re in a sales position, but only get salary plus OT, what about commission? Do the sales managers get commission? If not, then its not a sales position, its a customer service position, or marketing position, whatever. But sales jobs imply that there is a salary plus commission which makes up the total earnings target. Where I work, the sales manager’s salary is a fraction higher than the sales reps, but their commission scale is based on a larger territory, so their net income potential is greater… otherwise they’d never be able to hire any managers. Your company seems backwards. How much does the CEO make, minimum wage?

There is no such thing as a promotion, with a pay cut. A promotion implies a pay raise. I took less money for a new job once, and regretted it forever, it took more than a decade to get back what I gave up financially. If the total, guaranteed earnings potential for this management position is less than what you make now, run like hell. You’d be gambling on a future windfall instead of taking the sure thing. A better idea would be to save the money at your current position, and take it to Vegas and gamble it all there, at least then you can control the odds.

Or better yet, save the money at your current position, and KEEP it, invest it! Money in the hand is worth a whole lot more than the risky potential for a little more later.
Have you calculated how much money you’ll need to make in the IPO just to get back to even? What comes after that?

Just my humble $.02. Good luck with your decision.

[kicksavedave]

Am I missing something here? You’re in a sales position, but only get salary plus OT, what about commission? Do the sales managers get commission? If not, then its not a sales position, its a customer service position, or marketing position, whatever. But sales jobs imply that there is a salary plus commission which makes up the total earnings target. Where I work, the sales manager’s salary is a fraction higher than the sales reps, but their commission scale is based on a larger territory, so their net income potential is greater… otherwise they’d never be able to hire any managers. Your company seems backwards. How much does the CEO make, minimum wage?

There is no such thing as a promotion, with a pay cut. A promotion implies a pay raise. I took less money for a new job once, and regretted it forever, it took more than a decade to get back what I gave up financially. If the total, guaranteed earnings potential for this management position is less than what you make now, run like hell. You’d be gambling on a future windfall instead of taking the sure thing. A better idea would be to save the money at your current position, and take it to Vegas and gamble it all there, at least then you can control the odds.

Or better yet, save the money at your current position, and KEEP it, invest it! Money in the hand is worth a whole lot more than the risky potential for a little more later.
Have you calculated how much money you’ll need to make in the IPO just to get back to even? What comes after that?

Just my humble $.02. Good luck with your decision.

[kicksavedave]

Am I missing something here? You’re in a sales position, but only get salary plus OT, what about commission? Do the sales managers get commission? If not, then its not a sales position, its a customer service position, or marketing position, whatever. But sales jobs imply that there is a salary plus commission which makes up the total earnings target. Where I work, the sales manager’s salary is a fraction higher than the sales reps, but their commission scale is based on a larger territory, so their net income potential is greater… otherwise they’d never be able to hire any managers. Your company seems backwards. How much does the CEO make, minimum wage?

There is no such thing as a promotion, with a pay cut. A promotion implies a pay raise. I took less money for a new job once, and regretted it forever, it took more than a decade to get back what I gave up financially. If the total, guaranteed earnings potential for this management position is less than what you make now, run like hell. You’d be gambling on a future windfall instead of taking the sure thing. A better idea would be to save the money at your current position, and take it to Vegas and gamble it all there, at least then you can control the odds.

Or better yet, save the money at your current position, and KEEP it, invest it! Money in the hand is worth a whole lot more than the risky potential for a little more later.
Have you calculated how much money you’ll need to make in the IPO just to get back to even? What comes after that?

Just my humble $.02. Good luck with your decision.

[kicksavedave]

Am I missing something here? You’re in a sales position, but only get salary plus OT, what about commission? Do the sales managers get commission? If not, then its not a sales position, its a customer service position, or marketing position, whatever. But sales jobs imply that there is a salary plus commission which makes up the total earnings target. Where I work, the sales manager’s salary is a fraction higher than the sales reps, but their commission scale is based on a larger territory, so their net income potential is greater… otherwise they’d never be able to hire any managers. Your company seems backwards. How much does the CEO make, minimum wage?

There is no such thing as a promotion, with a pay cut. A promotion implies a pay raise. I took less money for a new job once, and regretted it forever, it took more than a decade to get back what I gave up financially. If the total, guaranteed earnings potential for this management position is less than what you make now, run like hell. You’d be gambling on a future windfall instead of taking the sure thing. A better idea would be to save the money at your current position, and take it to Vegas and gamble it all there, at least then you can control the odds.

Or better yet, save the money at your current position, and KEEP it, invest it! Money in the hand is worth a whole lot more than the risky potential for a little more later.
Have you calculated how much money you’ll need to make in the IPO just to get back to even? What comes after that?

Just my humble $.02. Good luck with your decision.

[kicksavedave]

Am I missing something here? You’re in a sales position, but only get salary plus OT, what about commission? Do the sales managers get commission? If not, then its not a sales position, its a customer service position, or marketing position, whatever. But sales jobs imply that there is a salary plus commission which makes up the total earnings target. Where I work, the sales manager’s salary is a fraction higher than the sales reps, but their commission scale is based on a larger territory, so their net income potential is greater… otherwise they’d never be able to hire any managers. Your company seems backwards. How much does the CEO make, minimum wage?

There is no such thing as a promotion, with a pay cut. A promotion implies a pay raise. I took less money for a new job once, and regretted it forever, it took more than a decade to get back what I gave up financially. If the total, guaranteed earnings potential for this management position is less than what you make now, run like hell. You’d be gambling on a future windfall instead of taking the sure thing. A better idea would be to save the money at your current position, and take it to Vegas and gamble it all there, at least then you can control the odds.

Or better yet, save the money at your current position, and KEEP it, invest it! Money in the hand is worth a whole lot more than the risky potential for a little more later.
Have you calculated how much money you’ll need to make in the IPO just to get back to even? What comes after that?

Just my humble $.02. Good luck with your decision.

[kicksavedave]

I am certainly not a bond or mortgage expert, but I have been researching the same issues you ask in your original post. Here’s what I’ve learned.

Over the short term, many different things effect mortgage rates, and I’ve observed with each recent Fed short term rate cut, a temporary spike in 30 year fixed mortgage rates. So for a brief period, you can see mortgage rates move opposite of the short term, or Fed rates.

But I recently did a spreadhseet tracking the 30 year fixed average vs the Fed Funds rate since 1990, and found they track very closely over a long term. The short term Fed rates move very steadily, with changes only every quarter or six months, while mortgages had more volatility, changing daily and weekly. This past week is an example of that volatility, where morgages jumped big time after the Fed cut its rates by a total of 1.25%.

But over a long term, when the Fed lowers its rates, mortgages eventually fall as well.

[kicksavedave]

I am certainly not a bond or mortgage expert, but I have been researching the same issues you ask in your original post. Here’s what I’ve learned.

Over the short term, many different things effect mortgage rates, and I’ve observed with each recent Fed short term rate cut, a temporary spike in 30 year fixed mortgage rates. So for a brief period, you can see mortgage rates move opposite of the short term, or Fed rates.

But I recently did a spreadhseet tracking the 30 year fixed average vs the Fed Funds rate since 1990, and found they track very closely over a long term. The short term Fed rates move very steadily, with changes only every quarter or six months, while mortgages had more volatility, changing daily and weekly. This past week is an example of that volatility, where morgages jumped big time after the Fed cut its rates by a total of 1.25%.

But over a long term, when the Fed lowers its rates, mortgages eventually fall as well.

[kicksavedave]

I am certainly not a bond or mortgage expert, but I have been researching the same issues you ask in your original post. Here’s what I’ve learned.

Over the short term, many different things effect mortgage rates, and I’ve observed with each recent Fed short term rate cut, a temporary spike in 30 year fixed mortgage rates. So for a brief period, you can see mortgage rates move opposite of the short term, or Fed rates.

But I recently did a spreadhseet tracking the 30 year fixed average vs the Fed Funds rate since 1990, and found they track very closely over a long term. The short term Fed rates move very steadily, with changes only every quarter or six months, while mortgages had more volatility, changing daily and weekly. This past week is an example of that volatility, where morgages jumped big time after the Fed cut its rates by a total of 1.25%.

But over a long term, when the Fed lowers its rates, mortgages eventually fall as well.

[kicksavedave]

I am certainly not a bond or mortgage expert, but I have been researching the same issues you ask in your original post. Here’s what I’ve learned.

Over the short term, many different things effect mortgage rates, and I’ve observed with each recent Fed short term rate cut, a temporary spike in 30 year fixed mortgage rates. So for a brief period, you can see mortgage rates move opposite of the short term, or Fed rates.

But I recently did a spreadhseet tracking the 30 year fixed average vs the Fed Funds rate since 1990, and found they track very closely over a long term. The short term Fed rates move very steadily, with changes only every quarter or six months, while mortgages had more volatility, changing daily and weekly. This past week is an example of that volatility, where morgages jumped big time after the Fed cut its rates by a total of 1.25%.

But over a long term, when the Fed lowers its rates, mortgages eventually fall as well.

[kicksavedave]

I am certainly not a bond or mortgage expert, but I have been researching the same issues you ask in your original post. Here’s what I’ve learned.

Over the short term, many different things effect mortgage rates, and I’ve observed with each recent Fed short term rate cut, a temporary spike in 30 year fixed mortgage rates. So for a brief period, you can see mortgage rates move opposite of the short term, or Fed rates.

But I recently did a spreadhseet tracking the 30 year fixed average vs the Fed Funds rate since 1990, and found they track very closely over a long term. The short term Fed rates move very steadily, with changes only every quarter or six months, while mortgages had more volatility, changing daily and weekly. This past week is an example of that volatility, where morgages jumped big time after the Fed cut its rates by a total of 1.25%.

But over a long term, when the Fed lowers its rates, mortgages eventually fall as well.

[kicksavedave]

Great thread and very timely info for me. I’m 60 days from closing on the new home near Denver. The builders lender has offered a 95% loan for 5.65% with the PMI built in and they will pay all the closing cost. They want me to lock that in but I see little to no upside in doing that right now, only downside with the 10 and 30 T’s yields plummeting. I’m going to let it ride in hopes that another 1/4 point or more drop in the next 60 days materializes.

Am I being greedy, or smart?

[kicksavedave]

Great thread and very timely info for me. I’m 60 days from closing on the new home near Denver. The builders lender has offered a 95% loan for 5.65% with the PMI built in and they will pay all the closing cost. They want me to lock that in but I see little to no upside in doing that right now, only downside with the 10 and 30 T’s yields plummeting. I’m going to let it ride in hopes that another 1/4 point or more drop in the next 60 days materializes.

Am I being greedy, or smart?

[kicksavedave]

Great thread and very timely info for me. I’m 60 days from closing on the new home near Denver. The builders lender has offered a 95% loan for 5.65% with the PMI built in and they will pay all the closing cost. They want me to lock that in but I see little to no upside in doing that right now, only downside with the 10 and 30 T’s yields plummeting. I’m going to let it ride in hopes that another 1/4 point or more drop in the next 60 days materializes.

Am I being greedy, or smart?

[kicksavedave]

Great thread and very timely info for me. I’m 60 days from closing on the new home near Denver. The builders lender has offered a 95% loan for 5.65% with the PMI built in and they will pay all the closing cost. They want me to lock that in but I see little to no upside in doing that right now, only downside with the 10 and 30 T’s yields plummeting. I’m going to let it ride in hopes that another 1/4 point or more drop in the next 60 days materializes.

Am I being greedy, or smart?

[kicksavedave]

Great thread and very timely info for me. I’m 60 days from closing on the new home near Denver. The builders lender has offered a 95% loan for 5.65% with the PMI built in and they will pay all the closing cost. They want me to lock that in but I see little to no upside in doing that right now, only downside with the 10 and 30 T’s yields plummeting. I’m going to let it ride in hopes that another 1/4 point or more drop in the next 60 days materializes.

Am I being greedy, or smart?

[Author]

Posts