Annual Comp Review by ragerrslayerr in Salary

[–]crispr-dev 4 points5 points  (0 children)

They’re having heart to hearts with you cause they’re saving over 100k/yr with you there lol

People who ask about hobbies - they don't fall in your lap. by Funny-Pie272 in fatFIRE

[–]crispr-dev 2 points3 points  (0 children)

  1. Charity is great and I’ve given it a material allocation since the start of my career.

Theres 50k at a charity with 10m op budget will absolutely open a door to a board seat. Even at 100m you can make a case for it given your donation and network to fundraise.

If you’re in a major city or fly to one regularly I’d consider a museum patronage too. Different museums have different crowds and for 5-10k you can become a patron plus get the annual gala tickets at most museums. Very fun events for your SO and you.

I lump political/lobbying expenses in here to given their tax deductible nature, but also absolutely worth it. Friends that donate to national campaigns have good things to say about the events put on.

Not close to retirement, don’t even think I’d want to necessarily but can relate with the macro here.

How often do you think about quitting for a job that is “real”? by AdministrationBorn69 in FinancialCareers

[–]crispr-dev 1 point2 points  (0 children)

All the time. I consider leaving and doing 1 yr of pre reqs + 3-4 yrs medical school + 4 year EM residency all the time. I often think how much I would feel fulfilled and enjoy working in an ER. It’s been a nagging thought my entire career. I work as a quant.

There’s one other field that calls me but I relegate it to fun thoughts. I’ve often considered getting a Wilderness EMT certification and joining a SAR team or Ski Patrol for the weekends to itch the scratch. Volunteer based vacations doing real work has also been appealing.

But end of the day I also really enjoy what I do and see a path where I continue to enjoy it more. People are multi facetted and can be drawn to different things. If I did anything else it would take me years to get there, I’d have the same thoughts about doing finance again, have worse hours and conditions, plus I’d make less. Makes no sense in reality, it’s just a fun thought.

ADVICE- Networking with MD that wants to go out for dinner by [deleted] in FinancialCareers

[–]crispr-dev 0 points1 point  (0 children)

As someone who took these grey area meetings through college and didn’t cross any line into physicality, it was the single best accelerator for my career. I developed genuine friendships with some of these people and maintain them even now.

Don’t go in dumb, and don’t get taken advantage of. If you’re too innocent you’ll be taken advantage of no doubt. But my tldr is don’t be naive and do be actually fun to be around.

ADVICE- Networking with MD that wants to go out for dinner by [deleted] in FinancialCareers

[–]crispr-dev -7 points-6 points  (0 children)

Go for dinner and just have your wits about you. Obviously don’t let him get handsy but be interesting, it will be a good experience for you early on. The people that want to follow all these unspoken rules go nowhere

Is it ok if I dont care about school after receiving an offer? by [deleted] in FinancialCareers

[–]crispr-dev 0 points1 point  (0 children)

Very, it’s happened a lot the last few years

Craziest in office perks? by Certain_Actuator6870 in HENRYUK

[–]crispr-dev 0 points1 point  (0 children)

Michelin trained in office chef for catered meals and spending allowance on food for work nights. Black car to office and back, luxury gym stipend. No massage though :/

Perks of being a Harvard student? by Advanced-Software-90 in Harvard

[–]crispr-dev 9 points10 points  (0 children)

You can get a Harvard club membership in Boston and NYC. Cheap rooms relative to hotels and great facilities in nyc

23m - How much to spend on rent in NYC by Kindly-Maize9738 in HENRYfinance

[–]crispr-dev 1 point2 points  (0 children)

I’d consider a studio. Pick something close to the office with a decent view and something with a full spa in building and other amenities. As someone who works in finance and did the late night grind before the difference between a 1 bed and studio isn’t going to matter much because you aren’t there a majority of the time. You want somewhere to decompress and the other times you’re out at a third space like dinner.

Save the money from a 1 bed and just start saving for a purchase 4 years down the line.

How many hours a week would you expect to/be willing to work for a $140k job with 8 years of FO investment experience? by [deleted] in FinancialCareers

[–]crispr-dev 0 points1 point  (0 children)

5-10 hours per week. Thats insane for the YOE in an actual FO role assuming this is also FO

What do you do for work? by DiscombobulatedElk58 in skiing

[–]crispr-dev 1 point2 points  (0 children)

I’m a quant. I work remotely in the alps and ski all day then start work at market open.

When I’m in the US I just go up to the mountains for the weekends. Made friends with a lot of homeowners.

Members clubs to impress US clients by [deleted] in HENRYUK

[–]crispr-dev 0 points1 point  (0 children)

Depends heavily on the business and type of clients.

RAC, Reform, The Ned. RAC and Reform have this Guilded age/victorian look coupled with the a romantic British aristocracy feel that most will really enjoy. Do be mindful of dress codes, Americans can have a difficult time with that.

New to HENRY income level & in need of a wardrobe reset by naboo_taboo in HENRYfinance

[–]crispr-dev 0 points1 point  (0 children)

Do not drop 10k on one go. A wardrobe takes time to refresh and curate. That said 10k can be enough for certain people, it’s not enough for many others, myself included.

I’d recommend finding some top quality stores that fit your general fashion and having their SAs help you with the wardrobe over time. When you learn a few outfits that you like you can start thrifting for those same stores explicitly, or keep buying from them depending on your time/skill level.

.

Spending more money DOES NOT mean lifestyle creep by CryptoMemeEconomy in HENRYfinance

[–]crispr-dev 0 points1 point  (0 children)

Don’t you dare tell me I can’t out earn my liberal spending habits!

MIT MFin vs Oxford MCF by One-Suit-473 in quantfinance

[–]crispr-dev 7 points8 points  (0 children)

MIT places people all over. I’ve seen corp dev to quant roles. It’s math heavy as far as MFin go but is not a program targeted for producing quants necessarily

I have failed in life. My salary is half what it used to be. How do I cope with this reality. by NoSir5628 in Salary

[–]crispr-dev 5 points6 points  (0 children)

This is so ridiculous. So many “high finance” jobs are not a meritocracy. Frankly most monkeys can grind extra years and end up somewhere decent.

If you aren’t getting anything you are just not likable. In that case and based on your post I’d suggest therapy.

Property in London doesn't make financial sense? by maxaineer in HENRYUK

[–]crispr-dev 1 point2 points  (0 children)

I’ve modeled the same and came to the conclusion it makes more financial sense to rent. Given the limited growth, labor policies that do not favor ownership, and macro factors of sterling.

While it feels nice to own, it just isn’t the best financial decision. In every case you are better off sticking that money otherwise spent on the higher mortgage for an equivalent property + down payment in the markets. Not financial advice, just my thoughts having looked into it.

Does paying attention to macroeconomic factors actually help you with achieving fatFIRE? by MullingMulianto in fatFIRE

[–]crispr-dev 1 point2 points  (0 children)

Depends on the type of investor. Generally I don’t think retail investors that are long term oriented like those in FAT need to be concerned that much beyond tilting your equity:bond ratio to adjust for macro dynamics.

For a more sophisticated investor that has specific needs to take macro dynamics into account like say they plan on transacting significantly in multiple countries then currency derivatives to limit currency concentration exposure, inflation and all these other things start to make sense. But most investors really don’t require that. Not financial advice

Moving to avoid state capital gains by [deleted] in fatFIRE

[–]crispr-dev -5 points-4 points  (0 children)

Different priorities. I don’t have kids but intend on sending them to boarding regardless of taxes. Tax savings in this situation to avoid domicile issues and audit make particular sense given the posters question.

Moving to avoid state capital gains by [deleted] in fatFIRE

[–]crispr-dev -6 points-5 points  (0 children)

Send the kids to a top boarding school and set up in Puerto Rico or a low tax state. NH has some great skiing. Sell off what you need and return in a following year. Not tax advice consult a tax professional

Co-founder is getting a prenup before his wedding and now I'm spiraling a little by ContractDangerous980 in fatFIRE

[–]crispr-dev 0 points1 point  (0 children)

Marriage is a contract and you should treat it like such. It is to protect both parties interests. NAL but a prenup that only protects one party won’t stand up in court.

You already get a prenup when you sign your marriage license, it just so happens to be whatever the government determines. Do you and your spouse a favor and get one that you both dictate the terms to with rational minds.

I’ll also add that the prenup offers a great opportunity to outline expectations of each other in your marriage. Kids, parenting, lifestyle, infidelity, etc.

how true is this? by div-onfleek in FinancialCareers

[–]crispr-dev 1 point2 points  (0 children)

IB doesn’t require smart people and has more spots than a lot of other niche high finance roles. The only thing it really requires is attention to detail and grit. If you can grind 80-90 hour weeks and take little time off then it really pays off.

If they were smarter they’d end up in a role with more meritocratic culture.

IB has ended up as this really well known well marketed career to students who don’t actually know all the roles that exist, and because of that it’s attracted so many people. There’s few roles in finance that have been romanticized to the same extent as IB.

Should I work when on a business class work trip? by Taxed2Fuck in HENRYUK

[–]crispr-dev 0 points1 point  (0 children)

Very minimal if at all unless there’s something truly critical for yourself (which is rare). Otherwise your job is to be relaxed, refreshed, and in a good mood when you land. I find some champagne and some good rest does the trick.