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FRM average salary through uhaul
Chief
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Do folks in PE Ops work during weekends?
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Please evaluate this initial offer for Apple ICT3. I think I was low balled, but I want to take more opinions. Currently Sr. MTS at VMware, received Apple ICT3. I was expecting to get to ICT4 but seems like team thinks upper end of ICT3 is more apt. Also, I think it is because I don’t have any counter offers yet.
Received offer
Base: 185k
Sign on: 40k
RSU: 160k/4 years (Here is where I think it is low)
Location: Cupertino,CA
Current TC
229k
YOE: 3.5 years US / 6.5 overall(similar roles)
I’m not sure how this will impact this bowl, but it is worth pointing out the need to assess whether there should be concern for those in this bowl. While we all understand ADHD is something attorneys are completely capable of managing with legal positions, not everyone in the field agrees with that. https://joinfishbowl.com/post_va66ztgmkw
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Would you buy a brand new car in cash?
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unlock all discussions on Fishbowl.
I would not mess with loans at rates that high.
Assuming you can service the loan amount easily, it’s a lot of work for meh return.
$20k loan x (10%-6.5%) = $700
And that assumes
- 10% return (not gaurenteed)
- open ended end date so you can chose when to close (often fixed so you’re market timing entry and exit)
- not violating any terms of the personal loan
- you have the discipline to actually exit / close when the target is hit and no additional fees for closing early
- what do you do if the market drops another 25-40%? The market is irrational longer than you can be solvent
Pro
& capital gains tax
Pro
No.
Never borrow money to invest.
Chief
No, that’s a pretty bad idea.
I wouldn’t take on any loan over 5% without a clear path to a return of at least 10%. The stock market is highly volatile right now, and not likely to get any more reliable for at least 6 to 12 months. While the market should return 4% to 8% consistently over a long enough view, you would be responsible for servicing the debt in the interim.
high risk, not guaranteed a positive return. for that reason I’m out
Fish bowl to be precise
Take it to the Kink Bowl if you like pain that much.
Pro
There’s a kink bowl?
Alright, thanks so much for the feedback. I got my answer 🙌🏽🙌🏽🙌🏽 FishBowl Fam always helping out !!!
Chief
Don’t ever take a loan to invest in the market. Awful idea. Just think you’d have to make 8–9% just to break even after tax. And in a down bear market you’re gonna be screwed. Way too risky. Just build up a cash reserve and invest normally.
Wut? 🥴 No dude. That’s the Saylor strategy, it’s a micro strategy to be sure.
Only if you invest in taco futures 🌮
What is your investment outlook? Are you planning to buy these shares and hold for 10-20 years? If not, the interest rate is too high for my risk tolerance with a short investment outlook. You're better off just reducing your spending each month and investing the delta.
Pro
Borrowing at 6.5% isn’t particularly smart with Fed overnight at 0.75%
Market is still priced expensively by most measures.
Feel free to gamble, but I’d especially avoid it if you think you might want cash for another purpose in next couple of years, eg house down-payment.
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Why not use margin or buy call options?
It’s basically your only option. I would do it! Let us know how it goes
Try 401k loan instead
Sure. But this poster was asking about investing in the stock market.
Your example only works if you are investing in an alternative asset that hasn’t fallen, which was not the question.
I bonds are paying 9.6%, so you could borrow and pocket the free 3%, but probably not worth the headache.
I am not going to say it’s a bad idea. This can be a hit or a miss. How likely can you repay that without hurting your credit?
Please don’t
If it was a good time stocks would not be down bad right now
No, you can easily get better personal loan rates with good credit and your income. Plus you would ideally want to find assets with a higher rate of return and low risk for investments with loaned capital.