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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote] am very interested in what industry is paying a 28 year old enough to accumulate $1 million net worth. [/quote]

Both of my kids are over $1M net worth self made ages 26 ($4M) and 28 ($1M). They had no college debt, are engineers for big tech with signing bonuses and $200k+ 4 year vesting schedule stock grants just before AI growth, one in a mag 7 and the other in a company that has led S&P growth the past 2+ years. Total comp excluding stock is ~$200k annnual and they are savers. Good fortune, no doubt, but also hard workers through school, college, and new careers.[/quote]

200k x 4 = 800k —> 4M ?

Troll better you turd.[/quote]

If it’s NVIDIA yes. Anything else it doesn’t make sense. Entry level employees aren’t getting $200K RSUs / year for Eng roles at those companies either. It’s closer to $75-100K annual RSUs and base comp is more like $150-200K. [/quote]

I’m the PP. It’s Palantir.[/quote]

Nice. Idk why you’d lie about entry level SWE comp which is easily verifiable via Levels FYI.

Entry level SWEs at Palantir start at $150K ish and stock is $50K / year before gains.

So their total stock grant was $200K for 4 years, not $800K for 4 years.

So their total NW on Palantir stock is $1 - 1.2 before tax. Not $4. [/quote]

PP - That’s assuming their grant was priced around $30 / share which was the 2020/2021 value. So yeah this was fun to verify in real time someone full of crap on here and overestimating NW by $3M…. Wowzers[/quote]

You people are morons. Their stock was between $6 and $8 in 2022-2023, and $200k of grants at $7.50/share is $4.45 million at today’s price. And total comp includes salary, benefits and bonus.[/quote]

“Most overinflated stock in history” and we’re the morons. Including benefits in TC… what a clown[/quote]

You’re morons because you can’t do basic math and wrote all you did in the thread above which was wrong even with all your real time verifying.[/quote]

Remember RSUs are taxed at vest at market value AND again if you hold and sell later. So you get a grant for $50K / year that is $1M when it vests. You now owe income tax on that $1M and, if you don’t sell immediately, also short or long term cap gains. So your NW is the remaining #. If we’re counting benefits as comp you gotta play fair with RSUs too…  [/quote]

I got pre-IPO options that are DOUBLE TRIGGER. I only pay tax after vesting AND a liquidity event. So my pre-IPO options I exercised as required before leaving company. Yes I did pay a bit out of pocket to exercise. However, when the the IPO happens is taxed at the long term capital rate as I now hold the now RSUs greater than one years.

And pre-IPO RSUs do no get taxed when they vest, only when you sell. I also have them. Have them over one year so same thing.   [/quote]

Pre-IPO RSUs are taxes when the company IPOs. The company can either withhold on your behalf (common) or you can pay out of pocket to keep more shares (less common because you have to potentially cash flow millions). Either way you pay taxes on the IPO date based on the IPO price even if it dive bombs in price right after, even if you don't sell.

You might want to review how RSUs work. [/quote]

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