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slavetologic | 2 years ago

You should realize that faang swe income, on a risk adjusted basis, is the best you will get. Hold on as long as possible and invest your earnings into the stock market. Ignore the noise. You quit when you have enough to retire

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posix_monad|2 years ago

I think you can go higher working in finance, trading etc as a SWE. However, it's more difficult to get through the door.

gaws|2 years ago

> However, it's more difficult to get through the door.

Indeed. An expert-level knowledge of C++ helps.

chpatrick|2 years ago

I think there is something to be said for starting a company when you're younger and more risk-tolerant though. If you wait until you're middle aged and set for life you might never do it.

VirusNewbie|2 years ago

conversely, money early on in life is worth more than money later on in life. This can be especially true once you get into a house you're happy with.

Your housing expenses are likely to be your single largest (fixed) expense, so if someone can work hard for a few years and buy a place, it's a lot easier to coast on lower paying jobs.

barbazoo|2 years ago

What's the "risk" in this case?

TOMDM|2 years ago

I assumed they meant compared to a startup where potential reward is massive but most of the time isn't.

RobRivera|2 years ago

Remove 'into the stock market'

But otherwise yea concur.

I'm a stickler for diversified asset class allocation

Edit: Normally I am not a fan of explaining myself, but the most fundamental principle of wealth management, diversification, calibrating your risk exposure to various markets, is being downvoted. Thank you for the reminder people

practicemaths|2 years ago

Where else are you supposed to get average ~10% returns?

Or is your last bit just saying like do some other investments besides purely stock?

jdewerd|2 years ago

(this post sponsored by Masterworks)