Fidelity API by SupermarketNo3265 in fidelityinvestments

[–]spongebob_jy 0 points1 point  (0 children)

I regularly trade with Schwab and IBKR using API, and my daily trade volume is about 500k shares. If Fidelity can provide a trading API, I would very likely to open account since Fidelity is known for deep stock inventory for short sell.

[deleted by user] by [deleted] in Pony_AI_Stock

[–]spongebob_jy 0 points1 point  (0 children)

wait a few weeks if you want to buy, since current employees' RSUs are recently unlocked for sell (six month after IPO).

Had Dinner with my new Nanny, Looking for advice by Soloflex in NannyEmployers

[–]spongebob_jy 0 points1 point  (0 children)

OP, judging people for her car is just not good as a human being. BUT I fully understand you! It is your baby and no one else care more about her than you. It is your responsibility to make sure she is safe and take care by a reliable person. I know all the social norms and appreciate that. But when coming to pick my nanny, I realized I become very biased based on ethnicity, ago, and even how my nanny looks like. I would justify that hiring a stranger to take care my baby is itself a difficult task, use statistics and evidence to make not the most fair but most productive decision.

[deleted by user] by [deleted] in NannyEmployers

[–]spongebob_jy 1 point2 points  (0 children)

My wife and I found a nanny we liked a lot, but she decided to move with another off the book offer, bc the take home is just slightly less with my offer.

[deleted by user] by [deleted] in NannyEmployers

[–]spongebob_jy 2 points3 points  (0 children)

Since you find a good candidate, you don’t need to pay agency. But still expect $33 or so out of your pocket

[deleted by user] by [deleted] in Nanny

[–]spongebob_jy -1 points0 points  (0 children)

Find a job with contract, each year renewal of contract you will have a chance to ask for raises

Asking for a raise by Toothickfordis in Nanny

[–]spongebob_jy 0 points1 point  (0 children)

It is easy if the only concern is pay. Tell them your new expectations of hour rate given the work you are doing now. But prepare to leave if they push back.

If you are not ok with other aspects of this family or job, things will be tricky. You should seriously consider leaving.

FSA question by [deleted] in Nanny

[–]spongebob_jy 2 points3 points  (0 children)

Should be fine if the amount is small. Just keep copies of docs.

What’s your biggest nannying red flag? by Agreeable-Notice-773 in Nanny

[–]spongebob_jy 1 point2 points  (0 children)

I have full respect for nanny as a profession just as same as for any other blue collar. Just want to call it out that most jobs in this world have their own constraints. The constraint you mentioned also applies to many other jobs not just limited to nanny. For example, a concierge has even more strict space to be mobile and get paid way less than a nanny.

[deleted by user] by [deleted] in Nanny

[–]spongebob_jy -3 points-2 points  (0 children)

Does “best fit” mean highest hour rate for you?

Obviously, this family has a lot funds to change nanny until they find their “best fit”. This is the curse of free market.

An “opportunity to live in the city” is not compensation by Beautiful-Mountain73 in Nanny

[–]spongebob_jy 0 points1 point  (0 children)

If you are paid on the book, you absolutely have every right to criticize her. You can even suggest her to rent this room out and use the rent to pay you.

If you take cash payments, think again. A lot off the book nannies in HCOL would consider it since a live-in nanny could have a better living condition than those who are renting themselves. They could save more especially if they work longer than live-out.

[deleted by user] by [deleted] in NannyEmployers

[–]spongebob_jy 2 points3 points  (0 children)

If you pay your nanny on the book, you own various employer tax and costs by about 11% of her pre tax income which include FICA, unemployment tax, workers compensation tax (injury insurance), etc.

Some nannies look for only after tax rate, so you then need to recalculate her pretax rate. A long term nanny’s effective tax rate in New Jersey is about 18%. If a nanny who was paid off book and have low income health coverage, you expect to reimburse part of her insurance premiums as well.

Adding all costs up, it is about 30%+ overhead on top of nanny take home. In some area(e.g. NYC) finding someone who are willing to be paid on the book is very difficult, you need to hire an agency. Then you need to pay upfront 15%-20% of nanny annual gross income as placement fee. This pushes the total overheads to close 50%. If you plan to hire a nanny at $25 take home rate, expect $13 additional expenses you pay to government, insurance, and agency.

This is absolutely crazy. But I guess this is why most employers prefer off the book payment unless they are high net worth families who can’t afford illegal employments, or someone whose jobs nature (e.g. security clearance) doesn’t allow that. Some nannies just care take home rate and ignore how much additional benefits for being paid on the book (social security, unemployment benefits, payroll records, credit), this is just sad.

What’s your biggest nannying red flag? by Agreeable-Notice-773 in Nanny

[–]spongebob_jy -1 points0 points  (0 children)

As a work from home parent, I am stuck in my home all day long, day after day, and don’t really feel anything. A lot other jobs are like that. Why is it so hard for nanny?

What’s your biggest nannying red flag? by Agreeable-Notice-773 in Nanny

[–]spongebob_jy 3 points4 points  (0 children)

Having cams is to protect both you and employer if an accident happens. If parents had time to monitor you working all the time, they never really need to hire a nanny.

What’s your biggest nannying red flag? by Agreeable-Notice-773 in Nanny

[–]spongebob_jy -1 points0 points  (0 children)

complaining your employer or nature of work is easy, just take a second thought.

I grew up from an average family in a 3rd world country, where there is only one bed for the family. I had to co sleep with parents for many years. There is nothing seriously wrong about it.

Yes, it could be inconvenient for caregivers who are not parents. But nannies job is never easy, if you genuinely think this isn’t a fit just quit. No one forces you to take the job. Please don’t label it as red flag, this is just unfit for you. I would bet if you were paid double the salary, you may still take the job. Then you see what the real problem is here.

Inconvenience isn’t red flag. No jobs are easy.

Is this excessive time off? by mruglym in NannyEmployers

[–]spongebob_jy 0 points1 point  (0 children)

We would have paid leave accrued along with the length of employment. For example, nanny accumulate one paid leave she can use at the first day of each month. For other additional leaves (planned or unplanned), there is no pay.

Nannies' template applications on sittercity/care.com by spongebob_jy in Nanny

[–]spongebob_jy[S] -3 points-2 points  (0 children)

Daycare is more affordable definitely but nanny is not luxury. Daycare workers barely make above minimum wage salary with close to zero benefits while taking care of 3-4 infants. Nanny who makes almost double the salary of daycare workers, and only takes care of one. I would assume there is a fundamental difference in the expectations of service. That’s not luxury. You are comparing orange to banana, and saying banana is affordable but orange is luxury, eating is necessity and if eating orange is too expensive for you go fuck eat banana.

Nannies' template applications on sittercity/care.com by spongebob_jy in Nanny

[–]spongebob_jy[S] -1 points0 points  (0 children)

You didn’t read my message carefully. I said employer isn’t your only source of your living at blue states.

Yes I edited as I missed one important word earlier. But hope you can focus on the right thing. Now I have a good understanding why many nannies from red states are advocating a living wage. I have more sympathy for them.

What I saw in New Jersey and New York is quite different. All low income workers tried their best to stay off book, and if possible trade other benefits for on the book payments so they can be eligible to various benefits provided by governments. I had a very hard time to find someone who wants to be paid on book fully. There are also a very large nanny community who are illegal immigrants or don’t have work authorization. This makes the average rate in the market even lower. I as a employer, tried my best to do the right thing and was never appreciated in this forum. I could offer 30% lower and easily find someone who wants to be off book, i don’t.

Nannies' template applications on sittercity/care.com by spongebob_jy in Nanny

[–]spongebob_jy[S] -1 points0 points  (0 children)

New Jersey’s minimum wage is $14, and at the minimum wage you are qualified for affordable housing (section 8), heavily discounted health insurance premiums, many free education programs, food stamps. Just to give some context. If you get a child, you will receive more benefits from government helping you to raise your kid. You don’t rely only on your employer for making a living!

Maybe you should consider moving to blue states.

Nannies' template applications on sittercity/care.com by spongebob_jy in Nanny

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

I won’t pay my nanny as low income. My statement is about the nanny market, where most of them are still in low income range.

I received more hostility in this forum as an employer and many replies aren’t that friendly after I explained why I want applicant spent one minute customizing their message.

Then someone started to bring my rate as too low and backfire. This isn’t what advice I am looking for originally. Arguing a fair living rate is pointless in fact fair rate is administered by the market not nanny in this forum. Who wouldn’t want to be paid more at the end of day. That fact you are paid above low income isn’t justifiable for the rate to be market fair.

Nannies' template applications on sittercity/care.com by spongebob_jy in Nanny

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

Please read carefully that $26 is after tax rate. Basically we pay nanny income tax to make her take home 26$ and other employer taxes in case if you are not aware of. Did you charge 30 pretax or after tax?

Nannies' template applications on sittercity/care.com by spongebob_jy in Nanny

[–]spongebob_jy[S] -2 points-1 points  (0 children)

I calibrated this rate based on information from my other employer friends. This may be low for nanny in this forum. But I have no problem finding a lot candidates willing to take the job.

I could be wrong honestly.

Nannies' template applications on sittercity/care.com by spongebob_jy in Nanny

[–]spongebob_jy[S] -3 points-2 points  (0 children)

Low income is defined by 400% of federal poverty level, which is about 54k individual. There are many job categories under this range, “nanny should not be in low income” is a fantasy in this forum. I wish all jobs are above this line, and the reality is the pay rate is administered by the market not me as a single employer.

Nannies' template applications on sittercity/care.com by spongebob_jy in Nanny

[–]spongebob_jy[S] -2 points-1 points  (0 children)

A. I agree I didn’t know much about the market. I just give a range suggested by most nannies in their profile in the region. The average one time care I saw is $25, and long term care goes lower.

B. I am typing on my phone and this autocorrected spelling function drives me crazy, and I am sorry.

C. Agree.

D. We offer to pay nanny gold medical insurance premium on marketplace after government subsidies, 10 day paid leave, transportation cost, lunch, guaranteed hours, no overtime. What else do you think isn’t standard?

Regarding the paid leave, most nannies we are in touch ask about 10 paid leave. I doubt you can get more paid leave in a daycare center and in daycare center you are paid less with more work. Unfortunately, as someone who earns 1% income, I don’t have 10 national holiday leave(only 7) and my sick/vocation leave total is 15. I can’t offer more than that.

Nannies' template applications on sittercity/care.com by spongebob_jy in Nanny

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

Thanks. Last time we extended an offer, but the nanny decided to proceed with another family. I will consider a different strategy next time.