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Taking money off the table

zachholman.com

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Re: Taking money off the table

#91

Post by jongjong »

In my 15 year software engineering career, the most money I could have cashed out was around $110k in crypto space; that was the value my crypto peaked at but it would have required unlocking my tokens which would have lost me my forging position and the $4k per month which came with it... I ended up not selling and earning about $20k to $50k per year for 4 years so it has been a good decision... Also, it was not possible to unlock my tokens without a 1 month delay and token prices were fluctuating wildly... Moreover, due to my public position on the project, and the public nature of Blockchains, my unlocking of tokens would have been seen by community and possibly triggered a project-ending sell-off.

So basically the only time I had the opportunity to theoretically earn $110k, at the peak of my 15 year career after working insanely hard including nights and weekends, was not even feasible in practice and it turned out that I earned more money holding and forging over the following 4 years than I would have gotten for selling.

But damn, when I see some of these corporate 9-to-5'ers sitting on $1 million+ which they got after only 5 years or so and they're not selling because they think they deserve more. It seems insane to me. It's a lot of money, they can sell anytime, probably still keep their job. As they say in crypto, I would dump the shit.

Re: Taking money off the table

#92

Post by SappingTillion3 »

nonethewiser wrote: post #45
SappingTillion3 wrote: post #41

Earlier quoted context omitted.

https://en.wikipedia.org/wiki/Just_Asking_Questions just jaq'ing off huh?

Can you elaborate? It is a question, because I'm curious, but clearly not all questions are hinting at some conspiracy. What conspiracy do you think I'm hinting at?

>If criticized, the proponent of such a claim may then defend themselves by asserting they were merely asking questions

hope you're OK.

Re: Taking money off the table

#93

Post by ahtihn »

SCUSKU wrote: post #89
collinmcnulty wrote: post #63

Earlier quoted context omitted.

Growing up around people who lost everything, job and savings, working at Enron, you should take all the money they’ll let you. You are structurally long your company already, because if they struggle you could lose your job. Diversify your wealth away from that concentrated position as much as possible if you’re offered a fair price.

Would you apply that similarly to RSUs at a public company as well? i.e. always sell your stock grant and diversify regardless of the company?

If they gave you cash instead, would you use it to buy stock in the company? That should answer the question.

Re: Taking money off the table

#94

Post by [deleted] »

toomuchtodo wrote: post #25
mason55 wrote: post #7

A 10% tender offer isn't really an interesting discussion. You should take definitely take 10% off the table unless you're already pretty wealthy. The interesting discussion is how much you should take off the table if the offer is uncapped.

> The interesting discussion is how much you should take off the table if the offer is uncapped. 50% for security, let the remaining 50% run. We can spend countless hours modeling the risk and return delta of various percentages and against non correlated asset classes you might diversify into once liquid, but most of life is luck; you can do everything right and still lose. This makes it easy, imho. (not investing a…

[deleted]

Re: Taking money off the table

#96

Post by saulpw »

collinmcnulty wrote: post #63
mason55 wrote: post #7

A 10% tender offer isn't really an interesting discussion. You should take definitely take 10% off the table unless you're already pretty wealthy. The interesting discussion is how much you should take off the table if the offer is uncapped.

Growing up around people who lost everything, job and savings, working at Enron, you should take all the money they’ll let you. You are structurally long your company already, because if they struggle you could lose your job. Diversify your wealth away from that concentrated position as much as possible if you’re offered a fair price.

I disagree. The answer for me is always half. And then next time, half again. Always take some out and leave some in, and an easy way to hedge your bets is to make both amounts half.

Re: Taking money off the table

#97

Post by RandomBacon »

SoftTalker wrote: post #87
pjmorris wrote: post #48

Earlier quoted context omitted.

We were in our 20's when my friend said 'A day in your 20's is worth a year in your 30's, a day in your 30's is worth a year in your 40's, etc...' Now in our 60's we're a little less adamant - every day is worth something.- but it has been a useful perspective.

A day in my 20s was worth nothing. I went and flipped burgers for $4/hr, then probably went out for beers at a dive bar that night. Just living day to day.

I imagine your 70 or 80 year-old self would think that a day like that in your 20s is worth the moon.

Re: Taking money off the table

#98

Post by LightBug1 »

MarcelOlsz wrote: post #40
GCA10 wrote: post #29

There's a crucial extra factor that isn't in the original article, but ought to be: Money's ability to buy great experiences decreases as you get older. I've seen this with beach vacations, road trips to see a favorite band, fast cars, ski trips, etc. Seize the moment, friend! What you can do NOW with that 10% slice will never exactly be on your possibilities map again.

This is why I love old tech like my 40 year old car (bmw e30 325is) and analog camera and whatnot. You have way more control because of less external dependencies and simplicity, and the prices are still decent compared to what you'd get now for vastly more money. $70k dogshit unwrenchable SUV or $10k 80's car that works like a dream and is built like a thinkpad? It's so relaxing working with older things. Hearing ol…

Fuckin A

Re: Taking money off the table

#99

Post by RandomBacon »

SoftTalker wrote: post #86
GCA10 wrote: post #29

There's a crucial extra factor that isn't in the original article, but ought to be: Money's ability to buy great experiences decreases as you get older. I've seen this with beach vacations, road trips to see a favorite band, fast cars, ski trips, etc. Seize the moment, friend! What you can do NOW with that 10% slice will never exactly be on your possibilities map again.

Experiences are overrated.

Then how do you rate 'experiences'?

Re: Taking money off the table

#100

Post by RickJWagner »

pjmorris wrote: post #48
GCA10 wrote: post #29

There's a crucial extra factor that isn't in the original article, but ought to be: Money's ability to buy great experiences decreases as you get older. I've seen this with beach vacations, road trips to see a favorite band, fast cars, ski trips, etc. Seize the moment, friend! What you can do NOW with that 10% slice will never exactly be on your possibilities map again.

We were in our 20's when my friend said 'A day in your 20's is worth a year in your 30's, a day in your 30's is worth a year in your 40's, etc...' Now in our 60's we're a little less adamant - every day is worth something.- but it has been a useful perspective.

I’ve just started my 60s.

Physically, I don’t feel a lot different than in my 40s. ( I’m pretty firm in my exercise schedule. ) But looking over almost anyone in their 80s, I’m reminded that the 60s likely kicks off ‘the fourth quarter’, to use sports parlance.

Time to let it all hang out, leave nothing on the table.

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