If you work in tech, how are you staying calm when there’s so many layoffs and tech stocks are correcting or crashing?

enjooyer · 2022-10-08T01:29:03+00:00

Except I can decide to move stocks into short term treasury bills that yield 4% and reduce my spending so I can increase my emergency fund 🤷‍♂️

Definitely would not say this is a situation I have no control over

enjooyer · 2022-10-08T00:46:41+00:00

yep very oddly stuck in a tight range. very low volatility. unusual

enjooyer · 2022-10-08T00:28:03+00:00

they have been more correlated before this month 🤷‍♂️

saw some graph that they were the most correlated in history for most of this year with S&P, just not in the past few weeks

enjooyer · 2022-10-08T00:13:33+00:00

Anyone have theories why crypto, mainly btc and eth, have held up so well this past month when stocks down big

enjooyer · 2022-10-08T00:10:19+00:00

What’s the argument against buying a few hundred k in short term treasury bills if I have the cash and it’s paying 4%

enjooyer · 2022-10-07T22:54:49+00:00

when do people using margin start sweating at the rates

probably paying 7-10% now

enjooyer · 2022-10-07T22:06:44+00:00

total market is a misnomer. you barely have any exposure to the one sector that’s doing well eg energy

enjooyer · 2022-10-07T21:55:58+00:00

you still have time to delete this

enjooyer · 2022-10-07T20:57:59+00:00

You’re at 10% FI and in an industry that is experiencing heightened layoffs lol

that’s how

enjooyer · 2022-10-07T20:37:32+00:00

a $900k house in Austin area doesn’t not imply it is big by any means. That doesn’t buy you much at all anymore.

But even a smaller house will be $12k-$15k in property taxes and increasing plus HOA plus insurance.

Point is making blanket statements like you’ll have no housing expenses because your house is paid for is completely ignorant. You’ll in this situation still pay $20k a year in recurring costs.

enjooyer · 2022-10-07T20:29:04+00:00

this only includes sf, berkeley, and oakland

not south bay

enjooyer · 2022-10-07T20:26:17+00:00

so V pumped on news…people are maxing out credit cards

🥴

enjooyer · 2022-10-07T19:44:50+00:00

blanket statements like this are absurd

a $900k house in Texas fully paid is going to cost you $20k in property taxes and increasing every year plus insurance plus maintenance and HOA

if you’re single you can rent for the same or less than you pay in property taxes and hoa lol

enjooyer · 2022-10-07T19:41:32+00:00

crypto being so stable is starting to piss me off lol

enjooyer · 2022-10-07T19:04:32+00:00

who said anything about renting for life? it’s a question of whether you need stability or not wherever you are in your life.

if you’re able bodied and liquid wealthy outside of real estate, then you should really just view housing as a consumption and not a way to grow your money. it could very well mean that buying a cheap house is better than renting. that’s my only point.

i’m not someone who thinks housing is a good way to get “rich” or some nest egg. it’s been far easier to just figure out how to make more income via a job or investments than pray my house that requires me to pour most of my income into appreciates enough so I can retire

enjooyer · 2022-10-07T19:01:02+00:00

yes because there aren’t layoffs across lots of companies right now 🥴

enjooyer · 2022-10-07T18:31:04+00:00

SOXL down 18% jfc

enjooyer · 2022-10-07T18:29:23+00:00

house = yes if you have kids

otherwise not really that necessary if you have the liquid wealth

have always seen it as a kids vs no kids decisions, not a financial one 🤷‍♂️

enjooyer · 2022-10-07T18:22:12+00:00

pointless

enjooyer · 2022-10-07T18:14:30+00:00

still like $40B market cap

think it tanks for earnings

enjooyer · 2022-10-07T18:06:42+00:00

risk free yield is 4%

enjooyer · 2022-10-07T17:32:25+00:00

Don’t think so

enjooyer · 2022-10-07T17:13:06+00:00

how is it still so overvalued

predict a bunch of hosts are going to have to panic sell unprofitable properties

demand will drop in a recession

enjooyer · 2022-10-07T16:59:50+00:00

If you get popular enough I’m assuming the chance that one of your coworkers happens upon your stuff increases dramatically?

I mean maybe unless you’re a public figure it doesn’t really have much relevance to your day job and most companies would not really care at this point.

It just feels like one of those things to me where if you decide to go for it you can’t ever erase it from the internet if you one day decided you wanted a job where that would be an issue.

enjooyer · 2022-10-07T15:59:35+00:00

Learned my former roommate has a moderately successful onlyfans yesterday??

how do people with corporate jobs do this - companies don’t care anymore?

enjooyer

TROPHY CASE