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Hey Mate, may I ask since when you started saving and if you don't mind disclosing how you got upto 450K ? I am database developer, 28 and have only accumulated
by ideaofxy 13y ago
Hey Mate, may I ask since when you started saving and if you don't mind disclosing how you got upto 450K ? I am database developer, 28 and have only accumulated 60K.
If you don't mind asking what strategy you use ? Thnx.
- fennecfoxen 13y agoSmall-company stock options. They don't just reward you for working at a growing company, they reward you for working at company with a volatile stock price. If you're extra-lucky they'll reprice your options at the bottom of a dip, and then you'll make boatloads as the company recovers. It's like one of those high-risk options strategies, except you don't actually take any risk yourself beyond the job, and the options last a lot longer than the ones you could buy online day-trading. Of course, you can't rely on them, either, so don't take any job you wouldn't be happy with anyway. :P Also, you know all that money you make? ... Don't-spend it. Also important. :P
- azth 12y agoDoes "small-company stock options" apply only to pre-IPO startups? If not, what else does the term cover?