I almost got offer from DoorDash, with obviously RSU as one of the compensation. Eventually didn't get the offer because they said I didn't pass leadership interview. Apparently I was interviewing at one level above I thought I was interviewing (the recruiter messed up).
Anyway, I accepted an offer from a hedge fund, comparatively similar, but all cash.
Now I feel that I am glad I accepted the hedge fund offer.
I don't have a property, not looking to get one due to HCOL high property prices and high interest rate.
My assets are mostly crypto and total stock market index. I think I'm good with my crypto investment for now (already filled my goals) so I am thinking to get more stocks.
As someone with just cash compensation, what can I do in this downturn to make a lot of money in the stock market? Maybe I just stick with the old boring Apple.
Since you work at a hedge fund and are getting all cash compensation just put part of your paycheck into some ETFs every month. Someone else recommended the bogleheads forum which is good advice. If you were able to time the market you wouldn't be asking on HN for advice so just assume you can't time it and invest a set amount from every paycheck. You'll miss the bottom but you'll probably come out ahead of any other strategy you'd choose.
Seriously. Unless you're looking to gamble, open a Vanguard account and pick an index fund targeting your retirement age or go with one that tracks S&P (VOO).
Vanguard's fees for index funds (esp Admiral shares) are absurdly low, to boot.
Yeah this would be my first question too. Even beyond that, many (most?) hedge funds have an employee investment scheme where employees have a special vehicle via which they can invest into the fund performance without having to meet the often egregious criteria (e.g. not everyone has $100mln lying around in cash to meet minimum investment thresholds).
I just left a hedge fund to join aws. Even the aws is famous for its worst WLB and toxic culture, it is much better than the hedge fund I worked for. Knowing many friends switched from finance to tech, I found no one regretted.
Plus the TC is still much more than HF even after the 40% drop.
Eventually didn't get the offer because they said I didn't pass leadership interview. Apparently I was interviewing at one level above I thought I was interviewing (the recruiter messed up).
That sounds very encouraging. Need to tell all my friends to invest hours and hours of their time in this company's careful and considered hiring process.
Doordash has compensation ideas where they will top you up if your comp falls under some percentage of grant price (80-90%). Many companies are moving to this model to ensure that stock prices don't impact TC too highly.
Another way to look at it is that people were all too happy to accept the status quo until now.
Same as any other time... build an intra-sector long/short beta-hedged portfolio with minimal net exposure. Overall market and sector movements don't affect this. You can do cross-sector trades for even more profit at the cost of assuming sector risk.
> As someone with just cash compensation, what can I do in this downturn to make a lot of money in the stock market? Maybe I just stick with the old boring Apple.
Depends on your risk. You can buy TQQQ or do HFEA as examples.
Anyway, I accepted an offer from a hedge fund, comparatively similar, but all cash.
Now I feel that I am glad I accepted the hedge fund offer.
I don't have a property, not looking to get one due to HCOL high property prices and high interest rate.
My assets are mostly crypto and total stock market index. I think I'm good with my crypto investment for now (already filled my goals) so I am thinking to get more stocks.
As someone with just cash compensation, what can I do in this downturn to make a lot of money in the stock market? Maybe I just stick with the old boring Apple.