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Ask HN: How do you know it's time for you to quit your FAANG job?

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Re: Ask HN: How do you know it's time for you to quit your FAANG job?

#11

Post by RobRivera »

slavetologic wrote: post #7

You should realize that faang swe income, on a risk adjusted basis, is the best you will get. Hold on as long as possible and invest your earnings into the stock market. Ignore the noise. You quit when you have enough to retire

Remove 'into the stock market'

But otherwise yea concur.

I'm a stickler for diversified asset class allocation

Edit: Normally I am not a fan of explaining myself, but the most fundamental principle of wealth management, diversification, calibrating your risk exposure to various markets, is being downvoted. Thank you for the reminder people

Re: Ask HN: How do you know it's time for you to quit your FAANG job?

#12

Post by quantified »

Shatnerz wrote: post #4

When you find yourself asking this question, the truth is that you probably should have left a few month earlier. Things rarely improve. Take care of your finances and never put yourself in a position where you are dependent on a job if it is avoidable. It really helps with keeping a clear mind in making these decisions and greatly reduces stress around job changes and uncertainties.

> Raise seed round? - Cashflow more than your full-time income? - Huge traction tho no money yet? or anything else?

These sound like the real question is "when should I bail on my FAANG job to try my hand at my startup?", usually antithetical to making the finances more stable (should only do if you are not dependent on a job, which aligns with your advice.)

Re: Ask HN: How do you know it's time for you to quit your FAANG job?

#14

Post by antonyt »

blastonico wrote: post #8

Is Microsoft considered FAANG?

Depends on who you ask. In a literal sense, no. But lots of people use "FAANG" as a shorthand for a wide range of established tech companies with relatively high compensation (and RSUs with actual value). In that sense, yes.

Re: Ask HN: How do you know it's time for you to quit your FAANG job?

#15

Post by csallen »

You might want to edit your post. It seems like you're asking when to go full time on your startup, but you haven't made that context sufficiently clear, and people will have to read between the lines to get that. A lot of people quit FAANG jobs for reasons that have nothing to do with going full time on a startup.

Re: Ask HN: How do you know it's time for you to quit your FAANG job?

#18

Post by jdewerd »

RobRivera wrote: post #11
slavetologic wrote: post #7

You should realize that faang swe income, on a risk adjusted basis, is the best you will get. Hold on as long as possible and invest your earnings into the stock market. Ignore the noise. You quit when you have enough to retire

Remove 'into the stock market' But otherwise yea concur. I'm a stickler for diversified asset class allocation Edit: Normally I am not a fan of explaining myself, but the most fundamental principle of wealth management, diversification, calibrating your risk exposure to various markets, is being downvoted. Thank you for the reminder people

(this post sponsored by Masterworks)

Re: Ask HN: How do you know it's time for you to quit your FAANG job?

#19

Post by TOMDM »

barbazoo wrote: post #9
slavetologic wrote: post #7

You should realize that faang swe income, on a risk adjusted basis, is the best you will get. Hold on as long as possible and invest your earnings into the stock market. Ignore the noise. You quit when you have enough to retire

What's the "risk" in this case?

I assumed they meant compared to a startup where potential reward is massive but most of the time isn't.

Re: Ask HN: How do you know it's time for you to quit your FAANG job?

#20

Post by practicemaths »

RobRivera wrote: post #11
slavetologic wrote: post #7

You should realize that faang swe income, on a risk adjusted basis, is the best you will get. Hold on as long as possible and invest your earnings into the stock market. Ignore the noise. You quit when you have enough to retire

Remove 'into the stock market' But otherwise yea concur. I'm a stickler for diversified asset class allocation Edit: Normally I am not a fan of explaining myself, but the most fundamental principle of wealth management, diversification, calibrating your risk exposure to various markets, is being downvoted. Thank you for the reminder people

Where else are you supposed to get average ~10% returns?

Or is your last bit just saying like do some other investments besides purely stock?

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