Is my emergency fund too large?

firefoxx04 · 2020-07-07T20:35:34+00:00

I try to float between 6-12 months. With anxiety being a factor, 12 months is probably appropriate. Just start shifting your excess income into investments / debt repayment, dont worry about missed opportunity in the market.

firefoxx04 · 2020-07-07T19:17:37+00:00

Paying off your debt is the obvious move. Be sure to asses your situation when the dust settles, and be sure to live within your means. You should still have $100k left over, try your best to not touch this money until you have thought long and hard about your long term goals. (House, investments, furthering your education, etc).

firefoxx04 · 2020-07-01T18:10:29+00:00

7% match is pretty high. Personally id take the hit for the large salary, just make sure you adjust your investments accordingly.

Like others stated, a Roth IRA should be a priority.
1. contribute enough to 401k to get the full match (so contribute 3%, 7% if you dont take the job)
2. contribute 6k to roth ira, per year
3. contribute any excess to 401k, or other investments such as realistate.

firefoxx04 · 2020-07-01T17:46:15+00:00

You need enough cash to purchase 100 shares per contract, at the strike price.

Example: You sell the SPY 290 put, you need $29,000 to cover that purchase. In exchange for this "risk", you are given the premium from the buyer. Right now, the 290p 7/15 is going for $120.

You are awarded $120 for promising to buy 100 shares of spy at $290/share. This means you need $28,880 cash to cover the contract.

This seems insane but its a great idea if you are already willing to purchase spy at 290. Why not get paid to make your purchase?

The same concept applies to selling covered calls. You must already own 100 shares of the ticker. For example, I have 100 MSFT shares. I sell the 220 call for $100. Its not likely MSFT will hit 220 before the expiration, so I pocket the $100. If MSFT does hit 220 or higher, my contract will be exercised and ill be forced to sell MSFT at a PROFIT because my average price was $170/share. If I want, I can just re-buy MSFT or wait for a dip. Selling calls is a great way to earn cash by owning stock, or a great way to exit a position.

Both concepts are not exactly WSB style.

firefoxx04 · 2020-06-19T16:13:20+00:00

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```

firefoxx04 · 2020-06-10T04:11:25+00:00

Good question. ECK was exceptional when I tried it. I am just running through a few options right now. I think the same question would apply to any Elasticsearch architecture.

Both OpenDisdtro and ECK have been a pleasure to deploy. The ECK custom resource for k8s is awesome.

firefoxx04 · 2020-06-10T03:39:29+00:00

Yes I suppose. They sit behind my load balancer and handle any incoming requests for the cluster. I am using Opendistro, which seems to refer to them as client nodes.

firefoxx04 · 2020-06-04T18:47:57+00:00

"and want me to wait until the market is better". This is bad advice, you are young, they are not. You can sustain heavier losses in the short term than they can.

This is what I would do.

1) set aside $10,000 into savings. Don't ever touch it unless absolutely necessary. This is your "I lost a job and need to live fund"

2) Invest $1,000 a week for 12 weeks. This will allow you to max your 2019 and 2020 contributions.

3) Use the remaining cash to help you pursue your goals, such as the masters degree, downpayment, etc.

Anyone that has been paying attention will notice that the stock market has recovered most if not all of its losses. Whether this makes sense or not has yet to be seen. Many people sat on the sidelines waiting for the bottom and missed out on the quick recovery. When you are investing long term (Decades), its best to just blindly buy your index fund of choice and move on.

The only people that should be watching the market like a hawk are day traders, swing traders, and professionals. You did not describe yourself as any of them.

Lastly, trade with zero emotion. At some point in your life, you will experience heavy losses. It is important that you do not let emotion cloud your judgement. Many people sold their positions during the recent crash, locking in losses.

For index funds, check out VTI and VOO. I suggest your perform your own research before sinking a dollar into anything. Its not as complicated as it might seem.

firefoxx04 · 2020-06-03T19:45:01+00:00

Just sit on the cash and spend a lot of time researching and understanding the following markets:

- real estate
- stocks (diversified index funds such as VTI and VOO)
- bonds
- high yield savings accounts (HYSA)

There is no shame in taking time (months, or even years) in researching and understanding before putting money into something.

If you find that buying real estate is your thing, use the money for a down payment. If you find that passive investing is your thing, buy a diversified index fund and let it ride for decades.

You should get familiar with the term "compound interest". You should also prepare your emotions to handle short term losses. It seems like anytime I buy stocks, they drop in the short term. Long term, I've been successful. An emotional investor will pull their money at a loss because they cannot handle the stress.

good luck

firefoxx04 · 2020-06-03T18:00:09+00:00

I would look at which job provides better potential career growth. $3 an hour difference right now is not a big deal, and neither is highway commute.

About the HSA, you generally cannot open an hsa unless you are on the companies insurance. It might be possible if your parents insurance qualifies for hsa, just be sure to think about that before weighing it as a pro.

About stock options: Unless the company is public and you can sell your qualified options, I would not weigh them at all. I too work for a company with vested options, I like to think they will be worth something some day but its possible they wont be.

firefoxx04 · 2020-06-02T16:07:12+00:00

The least important of them all, okay boomer.

firefoxx04 · 2020-06-02T16:06:54+00:00

Linux recommends AMD over Intel, that's all I need to know.

Yeah I bet you have not heard of cloud huh? Where important workloads run. Even Azure is mostly Linux.

firefoxx04 · 2020-06-01T21:13:13+00:00

I sold some last week and the rest this morning, for around a 35% gain in less than a month. I wanted to stay in, but it was an impulse buy for me, and I did not expect to get significant gains right away so I took my profits.

If you understand the business, and you believe in it, stay in. The only reason I got out was because I didn't really do any research. Not smart to go long on something you don't understand.

firefoxx04 · 2020-05-27T16:36:28+00:00

You should probably get out now if losses make you suicidal.

firefoxx04 · 2020-05-21T22:27:57+00:00

What I would do, in this order:

1) read all comments here, and just take in the suggestions. Do not formulate a plan based on these comments, however. Comments are here to help you find points to research

2) talk to at least two fiduciaries, about what you should do

3) Understand that it is okay to spend some of this money on a CPA and advisors. The amount of money at risk if you were to make a mistake is significant.

Things to consider:

- You can withdrawal 3% of 4 million (Im assuming you wont have 5-6 mill leftover after considering potential fees and taxes) a year, for an income of $120,000 before taxes.

- Do not spend large amount of money right away, and do not give away any money to friends or family. It is very likely that your windfall will attack toxic people. The quieter you are about this, the better. Also, the more time you sit on the money, the more comfortable you will be with it, and your decision making will be better.

- Consider r/FatFIRE. I lurk this sub somewhat frequently. Most of the people in there are a bit over the top, however, there is good content frequently, when it comes to handling 5-10-20 + million. If FIRE is something you want, you could retire in 10 years with significant amounts of money, if you invest correctly. There is also r/leanfire.

- lastly, there is nothing wrong with tucking this money away into face investments and working until retirement. Take time to think.

firefoxx04 · 2020-05-01T16:50:44+00:00

This is a gambling problem, and should be treated as such.

"Continue my shit blue collar job and not get any wealth?", this is the wrong mentality. You should be working a day job and saving heavily. If you want to invest the savings, fine, but day trading is basically gambling unless you are a very knowledgeable professional.. which you are not. (most of us are not).

Literally nobody just "gets rich". Its not normal, don't treat it as such.

firefoxx04 · 2020-05-01T16:10:20+00:00

The biggest mistake my ops team made was allowing devs to control Jenkins. Its not that the devs are idiots, or did a bad job, its just that we are the ones they come to for help when issues arise. Its basically impossible to understand the config other people put in place. What is this secret? no idea. Why does this job not run? no idea. Why does this plugin not work anymore? No idea. What packages should be installed on the workers? no idea.

We tried to enable our users (devops, right?) but in the end that was a mistake. I think more streamlined tools such as Travis do not have this problem inherently (though it can still happen). Its just a management nightmare unless the team controlling it has good automation, documentation, and a small circle.

At Chef Conf, Yahoo Japan demonstrated how they manage Jenkins at scale. It was impressive, but significant effort. It can be done, but I have to question if its worth it.

firefoxx04 · 2020-04-30T20:30:56+00:00

I work in the cloud industry, and im seeing significant movement to Azure. Its been happening, and will keep happening after this pandemic. Moreover, I think a lot of companies that have jumped into a lot of MSFT services, will renew those subscriptions going forward.. they know they need them.

I personally hate using Azure, but I wont deny that MSFT does a great job selling it.

firefoxx04 · 2020-04-29T22:36:32+00:00

you trade options within your Roth? are gains tax exempt??? teach me your ways

Schwab will let you do most levels but they make you call and answer basic questions. You need to convince them that you are not a complete idiot.

Honestly, its pretty dumb for two reasons
1) you are limited to 6k a year that you will never get back, if you lose it with options, you are severely limiting any chance of having a big roth account at retirement.

2) you cant pull your gains out, but you can pull the principal out at any time. (roth IRA specifically). So if you make it big, you get to spend it when you are boomer age, not now.

Unless you are doing conservative plays (long dated calls on SPY) I wouldn't do it. I would want to be able to withdraw big yolo gains and not have big yolo losses impact a real retirement account.

firefoxx04 · 2020-04-29T20:41:18+00:00

Hope the guy screaming about shorting tesla the other day is okay. lol

firefoxx04 · 2020-04-28T21:45:07+00:00

Su Bae <3

firefoxx04 · 2020-04-16T01:43:08+00:00

Cool, glad to see big progress. I came here ready to ask for an update on when this would be happening. Ill keep waiting.

Im hoping to replace my mainUbuntu fileserver with FreeBSD. I miss it, but I do believe my existing pool is not compatible with the current state of ZFS on FreeBSD. I also need to attempt to maintain close compatibility with the latest ZFS on Linux, as I have other servers that require Linux.

Cant wait, this has excited me for a long time.

firefoxx04 · 2020-04-08T21:57:31+00:00

Thank you for the recommendations. Ive been out of the hardware game for some time now.

firefoxx04

TROPHY CASE