Investing General Discussion

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Khane

Khane

Got something right about marriage
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Thermal Underwear is a great invention. Thin, comfortable, performant. No hassle, no fuss. They just serve their purpose when you need them, a tradition, ancient wisdom.

What's the opposite of Stock Pals? Long Johns?

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Arden

Arden

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Araysar said:
We do pre-market prep, call out likely winners and likely losers, point out stocks to stay away from, share info and help each other succeed.

We're not trading snobs and we make money by carefully managing risk, setting manageable goals and taking good plays. Stock Pals is not a penny stock gambling ring or some degen casino.

We are happy to share our info and tips with anyone who wants to ask for them.
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And how much do you charge for all this?
 
Araysar

Loser Araysar

Chief Russia Reporter. Stock Pals CEO. Head of AI.
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Arden said:
And how much do you charge for all this?
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Nothing.

The profit comes from the knowledge we share.

BTW Arden Arden we actively trade BTC adjacent stocks so there's always a good amount of crypto talk every day
 
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Araysar

Loser Araysar

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Foler said:
so from my experience with RSUs you’ll have the option to sell a portion of your shares to cover federal withholding. I did that for my last grant. I can’t remember the exact benefit if any. I will say it’s painful the amount they take so just prepare yourself for the sticker shock the feds steal from you. 🫤
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My company did it both ways. At one time we got to keep everything from selling RSUs and then had to pay taxes on it at tax time. Now they just start selling your shit without asking you whenever your trading window opens on whatever vests at the time.

I woke up one day to get a bunch of email notifications that my shares were being sold in like 10 different transactions and thought my shit was hacked.

Anyways, that's why this heavily depends on how Bandwagon Bandwagon company is going to handle this payout from a financial standpoint. Best way to go about it is to get as much info as possible from your own HR dept and then show it to your own accountant to see what options are available.

I mean if they just pay that chunk out to you as a bonus or regular income, there's probably not a whole lot to be done.
 
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Tmac

Tmac

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Zzen said:
Genuinely surprised that Folder is allowed to larp in here.

Agaysar makes Shonuff look like Druckenmiller.
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FWIW Foler has played nice. Lately it’s been posts like this that distract from the purpose of this thread more than him.

Much like stonks, our assumptions of people work until they don’t. And Folgers has asked good questions that I’ve personally benefited from.

In other words, stop being the thing you’re accusing Folgers of being in here.
 
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C

Captain Suave

Caesar si viveret, ad remum dareris.
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Bandwagon said:
The cash-out as part of the acquisition is not an option. All of us are converting x% to stock in the new company, and being cashed out y%. No matter what, I am getting a check for y% in my mailbox.

So If I want to avoid some tax and reinvest it, I just need to make sure to do it in the same fiscal year....correct?

I'm meeting with my accountant next week anyways, just wanted to poke around on the topic a bit first
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My wife's company went though something similar a few years back. If you're getting a check it counts as income and you have to pay tax. Make sure you have some idea what your original basis was and declare it as a long-term gain. The taxes shouldn't be too bad. (This is assuming you owned stock outright and aren't exercising options. If it's options that's all current year income at the highest marginal rate and you will take it up the ass.)

If you have any future ability to cash out of your company I recommend doing so. The performance differential between your company and the S&P is unlikely to make up for the risk of the company failing in the future. We reinvested after the acquisition and ended up vaporizing nearly everything. Womp womp.
 
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U

Unidin

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Bandwagon said:
The cash-out as part of the acquisition is not an option. All of us are converting x% to stock in the new company, and being cashed out y%. No matter what, I am getting a check for y% in my mailbox.

So If I want to avoid some tax and reinvest it, I just need to make sure to do it in the same fiscal year....correct?

I'm meeting with my accountant next week anyways, just wanted to poke around on the topic a bit first
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Do you have something else you can loss harvest in another portfolio in this year to offset the gains?
 
Bandwagon

Bandwagon

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Unidin said:
Do you have something else you can loss harvest in another portfolio in this year to offset the gains?
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No. I'm a 8 year old boy in a 38 year old's body.
I'm going to be paying a divorce lawyer a lot of money this year. That count?

I Mean.....I could potentially start a legit side business this year and easily put 70k into it right out the gate, but my life is already pretty busy right now and I'm just not ready to add that to the mix unless it had a huge impact.

beyond that, I have no investments beyond the typical company stock and 401k. I've got a mortgage and ~$5k remaining in school loans debt. No other debt, no other investments.
 
Bandwagon

Bandwagon

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Captain Suave said:
If you have any future ability to cash out of your company I recommend doing so. The performance differential between your company and the S&P is unlikely to make up for the risk of the company failing in the future. We reinvested after the acquisition and ended up vaporizing nearly everything. Womp womp.
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I had that thought, too. I actually didn't exercise the last two rounds of options I was offered because I've been pretty unhappy with the DEI bullshit they've been pushing, and watching some of our core people leave as a result. Those options will be exercised as part of this deal, as you mentioned.

At the end of the day, when it comes to reinvestment in the new company, I'm going to do whatever a couple of my coworkers tell me to do. One is my previous boss, the other is the engineering manager and a good friend, who's wife does this type of thing for a living. As of right now, both of those guys want to invest as much as possible on the new company and both think we're going to be going this same thing again in 4-5 years. One of them is making about $1.8m off this, the other is closer to $3m (based on what I knew about his ownership 3 years ago).

Both of these guys treat me like their retarded son with financial stuff. The work that I do apparently has a massive impact on our valuation and tax credits, so they always encourage me to keep working on the stuff I like doing and just do whatever they tell me on the investment side. So far so good.
 
C

Captain Suave

Caesar si viveret, ad remum dareris.
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Bandwagon said:
I had that thought, too. I actually didn't exercise the last two rounds of options I was offered because I've been pretty unhappy with the DEI bullshit they've been pushing, and watching some of our core people leave as a result. Those options will be exercised as part of this deal, as you mentioned.

At the end of the day, when it comes to reinvestment in the new company, I'm going to do whatever a couple of my coworkers tell me to do. One is my previous boss, the other is the engineering manager and a good friend, who's wife does this type of thing for a living. As of right now, both of those guys want to invest as much as possible on the new company and both think we're going to be going this same thing again in 4-5 years. One of them is making about $1.8m off this, the other is closer to $3m (based on what I knew about his ownership 3 years ago).

Both of these guys treat me like their retarded son with financial stuff. The work that I do apparently has a massive impact on our valuation and tax credits, so they always encourage me to keep working on the stuff I like doing and just do whatever they tell me on the investment side. So far so good.
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Fair. Just take my experience as a cautionary tale. We had similar noises made by people in similar positions during our acquisition and ended up vaporizing $250k within 5 years.
 
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Bandwagon

Bandwagon

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Captain Suave said:
Fair. Just take my experience as a cautionary tale. We had similar noises made by people in similar positions during our acquisition and ended up vaporizing $250k within 5 years.
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Well, I guess I'll at least have a year to get a feel for the place before I even have a decision to make. Thanks for the input.
 
Gravel

Gravel

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Bandwagon said:
I had that thought, too. I actually didn't exercise the last two rounds of options I was offered because I've been pretty unhappy with the DEI bullshit they've been pushing, and watching some of our core people leave as a result. Those options will be exercised as part of this deal, as you mentioned.

At the end of the day, when it comes to reinvestment in the new company, I'm going to do whatever a couple of my coworkers tell me to do. One is my previous boss, the other is the engineering manager and a good friend, who's wife does this type of thing for a living. As of right now, both of those guys want to invest as much as possible on the new company and both think we're going to be going this same thing again in 4-5 years. One of them is making about $1.8m off this, the other is closer to $3m (based on what I knew about his ownership 3 years ago).

Both of these guys treat me like their retarded son with financial stuff. The work that I do apparently has a massive impact on our valuation and tax credits, so they always encourage me to keep working on the stuff I like doing and just do whatever they tell me on the investment side. So far so good.
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The big caution with this is you now have a substantial financial stake in the company. If it goes tits up, not only do you lose the investment, your salary is gone too. You get double fucked.

If you had that much exposure to a single company that you weren't working for, you'd probably look to diversify.
 
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Foler

The_Black_Log Foler

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Gravel said:
The big caution with this is you now have a substantial financial stake in the company. If it goes tits up, not only do you lose the investment, your salary is gone too. You get double fucked.

If you had that much exposure to a single company that you weren't working for, you'd probably look to diversify.
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100% this. One of the first question I pose to people thinking of keeping their RSUs - they have their short term job and their long term investments tied to one company?

Gets the noggin joggin.
 
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