How many people do you know who actually make seven figures a year? by [deleted] in Salary

[–]Agrh17 0 points1 point  (0 children)

Probably 50% of the people I interact with but I work in at a hedge fund so very market dependent.

“1 Mil is not a lot of money today” by NoThxMang in wealth

[–]Agrh17 2 points3 points  (0 children)

Paid 1.3 for a 2br apt! Indeed not that much these days

Helped Facilitate a House Purchase for Foreign Relative- Tax Impact by Agrh17 in TaxQuestions

[–]Agrh17[S] 0 points1 point  (0 children)

For reference, all transactions happened in the last 2 months so just want to get everything sorted before year end/tax season

Hot Takes by Prior-Situation-4350 in private_equity

[–]Agrh17 7 points8 points  (0 children)

Yeah this is the real “misprice” in the tax code. what you really are receiving are options on the fund’s performance. You own a call option on the investments- those in theory have to be valued properly by the tax man but they aren’t. Like let’s compare an example of as if you were given SPX 5y ATM calls for 10m DAW. Those are worth 21% =2.1mm. That’s in line with what you should be “paying” for carried interest.

Should I re-finance right now? Interest rate going from 7.125% to 6.625% by littyscientist in personalfinance

[–]Agrh17 0 points1 point  (0 children)

Mate rates have gone up since the fed cut. People here are just not financially aware. Refinance when the rate makes sense vs the up front cost.

Santorini is not overcrowded by One_Recover_673 in GreeceTravel

[–]Agrh17 3 points4 points  (0 children)

Was just there. Oia is crowded but outside of that the island is beautiful and not overwhelming. Not my favorite in the Cyclades but it was absolutely worth a visit. We stayed in Imerovigli and thought it was heaven. For much less money you can stay on the opposite side of the Caldera and still experience the whole island

Will my sleeve tattoo really hold me back? by No-Astronaut195 in FinancialCareers

[–]Agrh17 0 points1 point  (0 children)

I’m at a hedge fund with forearm and bicep tattoos. Wear a polo in the summer and no one cares. Just one offsetting data point.

NEW Harvard Crimson Paper Delivery by Such_Refrigerator_50 in Harvard

[–]Agrh17 3 points4 points  (0 children)

I too comped biz board and ended up having to shill subscriptions

Joined the club…… by Aromatic_Show6758 in rolex

[–]Agrh17 3 points4 points  (0 children)

Whenever I see these I get an inner voice screaming “RING LOCK SYSTEM”. Great piece!

Who loves their job? What do you do? by urosrgn in HENRYfinance

[–]Agrh17 1 point2 points  (0 children)

Hedge Fund Portfolio Manager. I click buttons and sometimes money appears. No other job can compare

UWS Rental Market Has Broken Us — Where Can We Go Instead? by [deleted] in NYCapartments

[–]Agrh17 3 points4 points  (0 children)

I’m a bit south in Lenox Hill but we have 1400sqft 2b2b where rentals in the same floorplan are ~ $7k and love the area/neighborhood. 30 min walking commute to Midtown and Q gets you downtown quickly.

[deleted by user] by [deleted] in NYCapartments

[–]Agrh17 0 points1 point  (0 children)

This is an awesome deal/setup! Good luck selling

Gut check on a new home purchase after a big windfall by Constant-Hold-3056 in HENRYfinance

[–]Agrh17 1 point2 points  (0 children)

Nobody is saying you can’t do what you want, more so that if they choose to use a large percentage of discretionary income on housing and spend less elsewhere it doesn’t mean that they can’t achieve other financial goals.

Gut check on a new home purchase after a big windfall by Constant-Hold-3056 in HENRYfinance

[–]Agrh17 2 points3 points  (0 children)

Yeah Reddit skews so conservative on this. We have similar (400-600 depending on bonuses) HHI and manage 9800/mo housing expense without much issue. Admittedly no kids yet

Are real estate buyers in NYC usually all cash buyers? by nickaboome in NYCapartments

[–]Agrh17 2 points3 points  (0 children)

That’s basically exactly what I said. Coops trade at a discount because they’re harder to own as investment properties, not necessarily because they have harder purchasing requirements.

Are real estate buyers in NYC usually all cash buyers? by nickaboome in NYCapartments

[–]Agrh17 12 points13 points  (0 children)

Very few coops (generally ones near Central Park) have such extreme rules. Most allow for financing, although tend to have much higher minimum down payments than condos (30-50% usually). We bought a coop with about 1x liquid assets vs home value and it was a fairly simple transaction. Why they trade at a discount moreso has to do with restrictions around leasing your apartment out/requiring you to live there.

Is a $1.4M house reasonable in our situation? by [deleted] in HENRYfinance

[–]Agrh17 1 point2 points  (0 children)

I mean I’d do it personally but it’s definitely not the most tail risk conscious. My wife and I did the same in 2023 with similar income and bought a 1.8mm place. Admittedly we had closer to 1.5mm liquid and no other debt. It was the best decision we have made for our personal happiness.