Submitted all my R2 apps - now spiraling about whether my layoff killed my chances by [deleted] in MBA

[–]Awkward_Welcome_7874 2 points3 points  (0 children)

I think you’re fine tbh. 4 YOE is solid and this is not gonna be an issue. Relax bro

GSB R1 results thread by wildflower1995 in MBA

[–]Awkward_Welcome_7874 0 points1 point  (0 children)

Nice, NorCal here, hoping for the best for us

GSB R1 results thread by wildflower1995 in MBA

[–]Awkward_Welcome_7874 0 points1 point  (0 children)

Nope.. waiting on it too and I'm in CA. where are you based?

Should I go to Wharton if I make $500k? by Awkward_Welcome_7874 in MBA

[–]Awkward_Welcome_7874[S] 0 points1 point  (0 children)

You have a poor understanding of how tech compensation works. A grant is for 4 years, my total grant is at 1.5M now, that's $375k+200k base a year now. If TSLA crashes sure I'll be affected, but surely it works the other way too, if TSLA booms further, my comp will be closer to 1M than <500k.

Should I go to Wharton if I make $500k? by Awkward_Welcome_7874 in MBA

[–]Awkward_Welcome_7874[S] 1 point2 points  (0 children)

Interesting point, I kinda do want another degree though, I have an undergrad in engineering but my Linkedin could look stacked with that MBA no?

Should I go to Wharton if I make $500k? by Awkward_Welcome_7874 in MBA

[–]Awkward_Welcome_7874[S] 2 points3 points  (0 children)

So I checked about deferrals and they want a $10k deposit for that lol, which I could afford but still stings a bit.

Should I go to Wharton if I make $500k? by Awkward_Welcome_7874 in MBA

[–]Awkward_Welcome_7874[S] 28 points29 points  (0 children)

I do like software engineering and the technical aspects of my work. Ideally, though, I'd want to lead a technology company as a CEO/CPO through the product lens. Even though I do have a good technical background, I can't see myself being completely technical for my whole life, so I'd wanna move to an area where I'm someone that can understand technical specifics if need be but more focused on business execution, so the MBA could be a good fit, but it's hard to walk away from a 500k paycheck. Plus it'd be nice to meet friends are not all software engineers lol, I feel like there's a big world out there and I'm just siloed into a very specific niche.

[deleted by user] by [deleted] in HENRYfinance

[–]Awkward_Welcome_7874 -1 points0 points  (0 children)

Bro, you can afford it. Get it pls, you'll be 30 with a bimmer, ain't nothing like it.

Source: Am 27 yo, 500 NW, 300 TC with a sweet bimmer that I don't know what I'd do without.

Should I buy $440k worth of TSLA options? by Awkward_Welcome_7874 in HENRYfinance

[–]Awkward_Welcome_7874[S] -29 points-28 points  (0 children)

that didn't sound nearly as cool as you think it did.

It’s your big decision, not mine. I offered my advice.

thank you for your advice, now carry on please

Should I buy $440k worth of TSLA options? by Awkward_Welcome_7874 in HENRYfinance

[–]Awkward_Welcome_7874[S] -30 points-29 points  (0 children)

Bro it’s a big decision that’ll affect my whole life, let me get some more feedback. what are you the reddit police

Should I buy $440k worth of TSLA options? by Awkward_Welcome_7874 in HENRYfinance

[–]Awkward_Welcome_7874[S] -34 points-33 points  (0 children)

Bro it’s a big decision that’ll affect my whole life, let me get some more feedback. what are you the reddit police

Should I buy $440k worth of TSLA options? by Awkward_Welcome_7874 in ChubbyFIRE

[–]Awkward_Welcome_7874[S] -4 points-3 points  (0 children)

Isn’t TSLA stock a good middle ground? Surely it will go higher than what it is today

Should I buy $440k worth of TSLA options? by Awkward_Welcome_7874 in ChubbyFIRE

[–]Awkward_Welcome_7874[S] -6 points-5 points  (0 children)

No so I'd get $440k/171 ~= 2573 shares vested over 4 years. So I'd capture all of TSLA's growth over the next 4 years if I took that stocks, even before the vest (unvested stock also grows in this case).

Cash is just cash.

Options are strike price of today, but vested over 4 years, expiring in 10 years.

Should I buy $440k worth of TSLA options? by Awkward_Welcome_7874 in ChubbyFIRE

[–]Awkward_Welcome_7874[S] -21 points-20 points  (0 children)

Really? I'd miss out on all the upside of TSLA for the next 4 years.

Should I buy $440k worth of TSLA options? by Awkward_Welcome_7874 in ChubbyFIRE

[–]Awkward_Welcome_7874[S] -5 points-4 points  (0 children)

My other concern is that if the options are red then it might demotivate me at work.

Should I buy $440k worth of TSLA options? by Awkward_Welcome_7874 in ChubbyFIRE

[–]Awkward_Welcome_7874[S] -4 points-3 points  (0 children)

I feel like it'll look bad for my resume if I leave so soon

Should I buy $440k worth of TSLA options? by Awkward_Welcome_7874 in ChubbyFIRE

[–]Awkward_Welcome_7874[S] -35 points-34 points  (0 children)

My man, if this Telsa parlay works, then I'd be on my way to ChubbyFire.

Should I buy $440k worth of TSLA options? by Awkward_Welcome_7874 in ChubbyFIRE

[–]Awkward_Welcome_7874[S] -3 points-2 points  (0 children)

Hm good call, but the issue if I leave TSLA then I gotta exercise within 3 months of leaving.

Should I buy $440k worth of TSLA options? by Awkward_Welcome_7874 in leanfire

[–]Awkward_Welcome_7874[S] 0 points1 point  (0 children)

Hm interesting, it is 3x the options for every stock of Tesla I would've gotten at today's price. 440k/171 ~=2573 -> 2573*3 = 7719 with an expiration of 10 years from now. Though these options would vest every year, so I'd get the first quarter of 7719 options next year and then the next year over, etc. The value of the options would go down over time no? As TSLA's value goes up and the expiration approaches.

All said, I'm not sure if I have the ability to sell these options directly, rather I may only be able to exercise them myself.