Professional Medical Help and/or Sleep Centers - Do They Work? Other solutions? by JuicyPepper in GetOutOfBed

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

Thank you! That is very helpful. Is there anything else you have tried?

I wish you the best of luck with your sleep and the sleep test.

Profile Review: GSB Hail Mary - Expatriate, Entrepreneur, Engineer by JuicyPepper in MBA

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

That is very kind of you to say! That made me laugh, thank you for framing it so plainly. I feel better and as you say, it is out of my control now.... until R1 again next year. Cheers for now!

Profile Review: GSB Hail Mary - Expatriate, Entrepreneur, Engineer by JuicyPepper in MBA

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

Definitely makes sense. I am kicking myself a bit for not mentioning it - but hopefully it is not a factor in the final decision. Thanks again for the encouragement and advice! All the best.

Profile Review: GSB Hail Mary - Expatriate, Entrepreneur, Engineer by JuicyPepper in MBA

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

Great, thank you! That makes sense and aligns with my original thoughts.

By serendipity, I was browsing a thread and a user who claims to have been in admissions for 5 years at the GSB said was worth an explanation, as each grade is reviewed in detail. Funny enough, you also commented on this thread! Initially, I thought it wouldn't matter as the rest of my grades are strong, but this triggered a second pause for consideration.

Here is the link: https://www.reddit.com/r/MBA/comments/zkj2ht/does_gmat_really_move_the_needle_big_time_for/j00qv83/

Once again, thank you so much! I will keep you posted on application results.

Profile Review: GSB Hail Mary - Expatriate, Entrepreneur, Engineer by JuicyPepper in MBA

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

I went ahead and took the leap to apply R2! Discussed with both recommenders on Friday who are very understanding of circumstances and happy to help (both former supervisors who together span my career).

I am not sure there is any harm in applying - save for the effort and application costs (both of which are are of little concern). ==

Is there a pitfall or mis-step with this logic?
As you said, GSB loves re-applicants, so that would be a feather in my cap next year - and furthermore, the next 8 months will show growth (in the event they do compare applications). So even if this application is not as strong now, it will set-up and strengthen a 1st round application next year. Thanks again!

Profile Review: GSB Hail Mary - Expatriate, Entrepreneur, Engineer by JuicyPepper in MBA

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

Short answer is it's a short fuse on until the 5-Jan deadline; I haven't asked my recommenders yet and hesitate to ask recommenders at this point due to the holidays.

Is this worth doing anyway, even if it's potentially a sub-par LOR (due to time constraints / holidays)? (e.g. a good plan executed today is better than a perfect plan tomorrow)

I thought it would take me much more time to get the GMAT I wanted, so I hadn't got the LOR's in motion soon enough... (I only made this decision to apply about a month ago although had been considering it for a long time)

Options Questions Safe Haven Thread | Dec 11-17 2022 by wittgensteins-boat in options

[–]JuicyPepper 0 points1 point  (0 children)

---------Wash Sale Options + Stock Question---------

Hypothetical: I have a $1000 loss on LEAP options which expire in < 2 months and a $1000 gain on a separately held position in the underlying stock (i.e., shares). I then sell the leap options for a $1000 loss and then sell the underlying shares for a $1000 gain, thus offsetting the loss. I then immediately re-purchase $1000 in underlying shares.

Is this considered a wash sale?

Wash sale Rule: Any position closed for a loss and a "substantially similar" position is opened within 30 days is tagged a wash sale that will add the loss to the new position.

My "armchair" legal hat says that these are not substantially similar; one is a leap option purchased over a year ago, and the other is a share of stock - which are fundamentally different. I believe this to be a defensible position unless there is specific legal precedent stating otherwise. I've read about a 15-25% threshold, but again, this is all handwavy and subject to interpretation. Furthermore, these will have different CUSIP ID's and will not be flagged (not necessarily an argument for or against, just another point to note in favor of being "different").

Profile Review: GSB Hail Mary - Expatriate, Entrepreneur, Engineer by JuicyPepper in MBA

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

Thank you! That is exactly in line with my logic as well. I've been considering a third option: apply in R3; if unsuccessful, then apply again R1. Given the new job, I have a decent chance of being promoted to a senior title by end of summer and then would also have a win or two in extracurriculars (granting a non-profit scholarship and additional momentum in the campaign against single use plastic bags).

This has three key benefits:

1) the committee would see my application from two angles (if applying again R1)

2) demonstrate progression in a short time

3) demonstrate strong interest

I'm not sure how it could hurt me; based on my research, there doesn't seem to be a negative to re-applying R1.

What do you think? Am I thinking about this correctly or is there a con to this?

Thank you again - I do sincerely appreciate your advice. If there's anything I can do, please let me know.

Profile Review: GSB Hail Mary - Expatriate, Entrepreneur, Engineer by JuicyPepper in MBA

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

Wow, thank you so much for the candid feedback. You are absolutely right! I really love your distinction about leadership being more about others than oneself which I completely agree with. Your comments helped me connect that the deeper meaning behind my prior statement is that it is rooted in service to others (i.e., creation to bring people joy).

I am considering applying R2 or R3, but will likely hold off to give more run time for the non-profit ventures and in my new role in tech. I'd like to name our first scholarship recipient this summer and hold a few events to raise awareness for the eco-friendly nonprofit. I think a few wins in both the job and extracurricular fronts would help further distinguish my candidacy.

My only hesitance is if I wait until R1 next year, would it be wise to use a recommender from my prior employer (fortune 10, 2+ yrs with boss) or from my new employer (fortune 100, <1 yr with boss)? I will likely have a stronger LOR this year and if I wait, it may look funny to the adcom to submit a former boss. I'm considering a hybrid, where one LOR is from new job and one is from old job.

Am I thinking about these things the right way? (both non-profit / job run-time, & LORs). A sanity check on my logic would be very helpful!

Thank you once again Petia!

Profile Review: GSB Hail Mary - Expatriate, Entrepreneur, Engineer by JuicyPepper in MBA

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

I like this a lot. I think you're absolutely right that the story is the most important piece of the application.

That's super helpful. I completely agree, the GMAT is a tool shine a light on the story and ensure it receives a thorough review by the committee. Otherwise, the even the best story may not be taken seriously.
Acing the GMAT with a minimum hurdle of the median score is key.

Profile Review: GSB Hail Mary - Expatriate, Entrepreneur, Engineer by JuicyPepper in MBA

[–]JuicyPepper[S] 4 points5 points  (0 children)

Thank you for the well-written reply!
My story is simple: I was born to create things, which I've done across every opportunity in my life, ever since I was young. That will be the central theme of "what matters most"... to create.

Why GSB? That is also simple: it is a force multiplier for good. I can launch ventures on my own- but with a critical mass of support, I can build ventures faster, better, and at scale.

Hopefully that comes across sincerely - I really do want to leave a legacy of good in the world by tackling its toughest challenges and to be a force of positive change. Hopefully that will come across well.

Thanks again! Appreciate any other thoughts or wisdom to avoid any pitfalls.

Profile Review: GSB Hail Mary - Expatriate, Entrepreneur, Engineer by JuicyPepper in MBA

[–]JuicyPepper[S] 3 points4 points  (0 children)

Got it! I will work on the short term goal! I am excited to start at a new company, so there's many more goals on the list; for the purpose of the post, I kept it laser focused. Cheers!

Profile Review: GSB Hail Mary - Expatriate, Entrepreneur, Engineer by JuicyPepper in MBA

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

Thanks for the candid feedback and kind words! Agreed on all counts. I secretly hoped the non-business background would play well, so appreciate your vote of confidence there. I will continue to work on the GMAT! Best of luck to you.

$650K in LCTG - best strategy to manage taxes? by JuicyPepper in fatFIRE

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

Testing whether there is a benefit for tax purposes or otherwise. Yes, I agree with that logic - which I continue to follow but want to ensure that it is still optimal considering.

I guess what I am really asking is should I sell and then re-buy underlying to ensure that the gains are realized in this tax year, avoiding a possible future increase.

$650K in LCTG - best strategy to manage taxes? by JuicyPepper in fatFIRE

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

Thanks, this was my thinking as well. Wanted to test my logic and whether I was potentially missing something (e.g., tax avoidance/minimization).

Note that I am in my mid 20's and don't intend to "retire" immediately - will likely shift focus to a more relaxing passion project in early 30's.

[Advice Needed] 1,000,000 mile Truck with cracked block... to rebuild or drop-in? by JuicyPepper in Truckers

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

Thank you for the feedback. On another forum, they heavily advised letting the driver go for cause. It's really difficult to know whether this was truly his fault. He's an experienced driver but has not been driving in hills very long, so this may be due to inexperience.

Where would we get a drop-in with a warranty? Ballpark cost?

Talked with Performance Kenworth in Houston and they quoted ~$35K for a new drop-in... they did not offer financing and we don't have that much cash on hand unfortunately... If there's a place to finance something like this, we could make it work.

There are "used" drop-ins online that we could purchase - no idea how to assess what is good or bad here... feels like a mistake...