3 ms·
Because, even as a tech worker at a major tech company, I do not feel confident in my job security. I want to maintain a true 6 month safety net. Last year, o
by 01100011 4y ago
Because, even as a tech worker at a major tech company, I do not feel confident in my job security. I want to maintain a true 6 month safety net. Last year, over half my income came from equity compensation. If equities continue to slide, and I think that is very likely, that compensation will drop dramatically, potentially to zero for a while if I feel that holding the stock will be a better long-term move.
I'm not thinking of the next year or two. I'm thinking longer term and want to secure my financial future and not gamble it away.
- hello_moto 4y agoThe last few months was evident that hi-tech stocks got boosted heavily by pandemic-money-printing machine. I wouldn't bet my mortgage on hi-tech stock. My mortgage limit must be from my regular paycheck using the commonly accepted debt:income ratio. I excluded stock out of the calculation. Stock is a mean to pay more on annual prepayment.
- randomopining 4y agoHow much is your cash roughly? Can you survive on only that if you bought the house?