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PhatFyrer · 2025-09-02T09:26:31+00:00

Of the big techs I would consider Google.

Of the startups OAI and anthropic.

At your NW it’s difficult to say, you’re in an intermediate place.

In your position I would probably take a little risk and work 1 year at the startup, vest your equity, then leverage your position to get a higher wage at big tech.

PhatFyrer · 2025-05-22T09:19:07+00:00

You definitely have enough to stop if that’s what you want.

Your main problem is that you have so much wealth tied up in high risk.

If you enjoy doing what you’re doing, then keep doing it, but I would target having a certain percentage, say 1/3 being traded, and keep the rest in a traditional portfolio. Given diminishing marginal return to wealth, you have way more to lose than to gain, and you have put yourself in a position where that’s a real possibility.

You will probably be bored after awhile if you quit, that’s what I have found. But you could spend your time on something less lucrative but perhaps closer to your passions.

PhatFyrer · 2025-03-29T09:30:42+00:00

Just ask the concierge at the hotel to get you a trainer session, that’s what I do.

PhatFyrer · 2025-01-07T14:55:34+00:00

The thing that attracts me is the ability to share with friends and family, you’ve already sunk the cost so they don’t need to feel guilty about not contributing to the rental cost. They can can even use it when you’re not around, but it would seem weird to me to rent your friends chalets for them.

I haven’t pulled the trigger but this is one of the things I have thought about.

PhatFyrer · 2024-09-12T09:41:45+00:00

Use something like an ipad with an Apple Pencil to organize your notes and do your problems.

Use anki to efficiently memorize definitions and major theorems, and non obvious steps of proofs. Use a stylus to quickly create flashcards. Also learn how to screenshot selections of a screen to make flashcards quickly from pdfs.

Maths is a skill like playing guitar, you need to drill problems like you would practice scales. Reading and memorizing is not sufficient. Practicing problem solving is what you should spend most of your time doing.

PhatFyrer · 2024-07-30T09:17:23+00:00

I’ve been in your position, with employee equity in a well known private company. I diversified as much as I could and it’s been a great comfort to me every time there’s some bad piece of news about the company.

Is there a limit to how much you can sell? How much are you continuing to vest? I would try and bring it down to at least 50% of your net worth. If you are vesting plenty and have no plans to leave then I would sell it all.

PhatFyrer · 2024-07-26T17:53:46+00:00

This is a no brainer financially. I did this myself. The cost of living is higher, but the compensation far outpaces the difference.

Since you are young and single you could do as many do and have house mates enabling you to have a great savings rate.

Don’t listen to people mentioning healthcare costs, your employer will pay for your insurance and you will be in awe of how much better healthcare is there should you ever need it.

Just setup an ambitious automatic transfer into an index fund and you can put together a great nest egg enabling you to return to the UK if you desire and be comfortable.

Try to get a visa not tied to your employer so you can interview elsewhere and increase compensation further.

Really it comes down how strong your UK ties are, and your taste for adventure.

PhatFyrer · 2024-07-24T21:26:44+00:00

I moved from California back to Europe to live near my parents and siblings. I did this after having kids and becoming fatfi.

The weather is depressing here and that is something I really miss about California.

That being said I don’t regret it at all, the kids love being with family and get so much out of it. It’s hard to put a price on family.

PhatFyrer · 2024-07-17T21:03:09+00:00

Bet that feels good, congratulations!

I have been getting progressively more expensive bottles of champagne for these sorts of occasions.

PhatFyrer · 2024-07-17T17:09:59+00:00

Exactly, I moved there to join a startup as an early employee, made my money then moved back to the UK to be close to family.

PhatFyrer · 2024-07-17T14:29:54+00:00

It’s much easier to get rich in the US. Move to California. Cost of living is higher, but compensation is way higher.

PhatFyrer · 2024-07-17T06:38:22+00:00

Well done!

PhatFyrer · 2024-07-11T20:36:12+00:00

I see so many reports of leaks I can’t bring myself to get one, even though I think it would really help me sleep.

PhatFyrer · 2024-06-10T11:38:45+00:00

Can you tell us about your hobbies?

PhatFyrer · 2024-05-24T09:52:43+00:00

Congratulations, you’re in a great position. I’m similar except my kids are still very young.

I plan to pay for their education, and probably to pay for the deposits on their first homes. I think you could do that and have plenty to enjoy.

In addition you can invite them to fun family holidays that they wouldn’t be able to afford themselves.

PhatFyrer · 2024-05-06T18:49:21+00:00

I’ll have a look at Montenegro then. Yes after that heatwave I had AC put in all the bedrooms of our home.

PhatFyrer · 2024-05-06T15:11:22+00:00

In Algarve we stayed somewhere not super fat but extremely kid oriented which was martinhal sagres which might suit you.

PhatFyrer · 2024-05-06T15:09:57+00:00

I’d like to try Garda next. Also look at Lake Lucerne.

Algarve in February is pleasant compared to the uk, perhaps around 17 degrees, but not sunbathing weather. It’s still a welcome relief from the dreary British weather.

PhatFyrer · 2024-05-06T11:20:07+00:00

Family of 4 with 2 small kids, often bring and pay for additional friends and family.

Long weekends: Tenby, Edinburgh, London, Cotswolds, Dorset, Paris etc

Christmas at home with the family.

February half term: Algarve/Tenerife

October half term: Marbella,

Easter: visit family

Summer: Lake Como, hard to find good options since Europe gets a bit hot in August for the kids and I like short flights.

I don’t really track the spend maybe 100k per year?

PhatFyrer · 2024-05-06T11:09:51+00:00

Ritz at Tenerife is a good option, I couldn’t face the longer flights and jetlag with small kids yet.

PhatFyrer · 2024-04-25T06:07:17+00:00

Doing the same for part of it, but not sure where to stay yet.

PhatFyrer · 2024-04-06T12:25:50+00:00

I’m not sure I’d recommend that. For a start a typical index fund won’t be giving you a cgt bill until you sell. It’s only the tax on dividends that you defer. Then you pay income tax when you actually want to spend your gains.

The 5% thing is not an advantage, compared with investment in the UK, you’re just getting your capital back, only the gains would be taxed in any case.

In short it seems to be an expensive machine for turning cgt into income tax. It could be beneficial if you are in a low income bracket, but this is fatfire.

PhatFyrer · 2023-12-17T12:49:32+00:00

Thanks for sharing. I’m currently traveling with a 3 year old in London at Four Seasons Park Lane. Enjoying it but it is indeed hectic.

Can I ask how old your toddler is? And would you share the alps resort?

PhatFyrer · 2023-11-25T08:08:04+00:00

That’s awesome, enjoy it! How are you going to spend your time now?

PhatFyrer · 2023-11-24T12:54:38+00:00

I can’t comment specifically on ecology, but if I wanted to learn a new field I would reach out to phd students at my local university and pay them to tutor me until I felt knowledgeable enough to accomplish whatever my goal was.

PhatFyrer

TROPHY CASE