4 ms·

sure sure, but given the (potential) downsides of choosing wrong, what would be the trigger or reason for leaving IF things are still good? Or are you saying i

sure sure, but given the (potential) downsides of choosing wrong, what would be the trigger or reason for leaving IF things are still good? Or are you saying if you see signs of things going downhill but things are currently good?

nefitty 5y ago
More money. More impressive title. Wanting to relocate. Downsizing. Learn new tech stacks/skills not available at your current job. Scoping out a new industry to prepare for launching a business.
mprovost 5y ago
Compare it to investing. Do you wait for the stock to go down and then sell, or do you sell when it's high and take your profit elsewhere? Even if you invest it in something that then goes down, you still made your profit. If you move before things get bad, you'll always be able to look back at your time at the company with happiness. No burnt bridges, no bitterness. Sure it's a risk to move somewhere else, but in this other world where you wait for things to get bad before moving then 100% of the time you're signing up for some period where your (work) life sucks.
- VBprogrammer 5y ago
  What is the indexed linked mutual fund of this analogy? Perhaps focusing on a specific technology or skillset such that you can be a contractor providing services to a range of other companies without having a commited relationship with any of them? (The index being your choice of technology / skills)
  - whatshisface 5y ago
    Employment is fundamentally different from investing, because while all dollars are interchangeable and easily reallocated, almost nothing about a person is.
  - mattnewton 5y ago
    The index fund is the safe, big multinational corp that will never make you rich but probably never lay you off, just shuffle you around between orgs and pay for your retraining.
    - avgDev 5y ago
      I actually think a competent engineer making $100k plus can become rich, maybe not filthy rich. If said engineer were to max out roth/401k for 30 years, they would most likely retire with few million dollars. As an engineer you also might decide to join a SV based company and make $200k+ or you can become self-employed and deposit $56k into your 401k. In reality anyone making $100k+ plus and living in M-LCOL area can become quite rich when comparing to other places in the world. That is if you are not buying/leasing new cars all the time and living humbly.
      - mattnewton 5y ago
        Sure, that's "rich" in the same sense as someone who enjoyed years of returns on a passive index fund imo. Very rich relative to most of the world, not fabulously wealthy like the few driven and lucky startup lottery winners.
lhorie 5y ago
As the job interview adage goes, you're interviewing them just as much as they're interviewing you. If you're dabbling in the market to see what's available while things are good, you don't have as much pressure to accept subpar offers and you have leverage to negotiate better offers. It's the same as setting up wish lists and checking on them periodically. You're much more likely to get a good deal if you keep tabs on the thing you want over a long period of time than just hoping you get a deal the moment you have the impulse to buy the thing.

nefitty 5y ago

More money. More impressive title. Wanting to relocate. Downsizing. Learn new tech stacks/skills not available at your current job. Scoping out a new industry to prepare for launching a business.

mprovost 5y ago

Compare it to investing. Do you wait for the stock to go down and then sell, or do you sell when it's high and take your profit elsewhere? Even if you invest it in something that then goes down, you still made your profit. If you move before things get bad, you'll always be able to look back at your time at the company with happiness. No burnt bridges, no bitterness. Sure it's a risk to move somewhere else, but in this other world where you wait for things to get bad before moving then 100% of the time you're signing up for some period where your (work) life sucks.

VBprogrammer 5y ago
What is the indexed linked mutual fund of this analogy? Perhaps focusing on a specific technology or skillset such that you can be a contractor providing services to a range of other companies without having a commited relationship with any of them? (The index being your choice of technology / skills)
- whatshisface 5y ago
  Employment is fundamentally different from investing, because while all dollars are interchangeable and easily reallocated, almost nothing about a person is.
- mattnewton 5y ago
  The index fund is the safe, big multinational corp that will never make you rich but probably never lay you off, just shuffle you around between orgs and pay for your retraining.
  - avgDev 5y ago
    I actually think a competent engineer making $100k plus can become rich, maybe not filthy rich. If said engineer were to max out roth/401k for 30 years, they would most likely retire with few million dollars. As an engineer you also might decide to join a SV based company and make $200k+ or you can become self-employed and deposit $56k into your 401k. In reality anyone making $100k+ plus and living in M-LCOL area can become quite rich when comparing to other places in the world. That is if you are not buying/leasing new cars all the time and living humbly.
    - mattnewton 5y ago
      Sure, that's "rich" in the same sense as someone who enjoyed years of returns on a passive index fund imo. Very rich relative to most of the world, not fabulously wealthy like the few driven and lucky startup lottery winners.

lhorie 5y ago

As the job interview adage goes, you're interviewing them just as much as they're interviewing you. If you're dabbling in the market to see what's available while things are good, you don't have as much pressure to accept subpar offers and you have leverage to negotiate better offers. It's the same as setting up wish lists and checking on them periodically. You're much more likely to get a good deal if you keep tabs on the thing you want over a long period of time than just hoping you get a deal the moment you have the impulse to buy the thing.