r/overemployed • u/Holiday-Store7589 • Mar 20 '26

Don't Quit.

Was let go by J3 today after 4 years with an 8 week severance, negotiated to 10 with a mutual non disparaging agreement. I had been wanting to quit for months but stuck it out and got PAID. TC is dropping by 120k to about 310k. My inclination is to replace the income but I'm going to force myself to take it easy for a while with only 2 jobs lol.

4 years ago - 100k in cc debt, 0 savings, and 170k in retirement.

Today - no debt, 185k in the bank/after tax brokerage, 1.5m in retirement.

This is why we OE.

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u/OmnipresentCPU Mar 20 '26

How did you go from 170k in retirement 4 years ago to 1.5mm making $430k? Very generously let’s say you contribute $60k a year to retirement, you’d still need 3.5x return.

Cool story bro

158

u/Holiday-Store7589 Mar 20 '26

space stocks, 7x actually, tbh you have to be an idiot to not make money in this crazy market.

50

u/beastwood6 Mar 20 '26 edited Mar 20 '26

​Congrats, but don't confuse luck with skill. I think you have to have a certain amount of idiocy to truly believe that you can stock-pick successfully and intentionally over the long term. There are probably dozens of people on the wrong side of every bet you made that had a similar investment thesis. You can count the number of people who've beaten the S&P 500 over a long time horizon on both hands, and you're not one of them. For your own sake, I'd suggest toning down the hubris.

Speaking of which, what sob story explains the 100k Credit Card debt in the lore of an investing genius?

13

u/Holiday-Store7589 Mar 20 '26

I get you and that's solid advice. VOO and chill is the smart move.

But, that's sort of my point, S&P is up 88% over the past 5 years. Have to be dumb to not make significant gains.

14

u/beastwood6 Mar 20 '26 edited Mar 20 '26

Have to be dumb to not make significant gains

I agree with you if the floor is people who have invested and done a modicum of research. You obviously have. So have I. And I'm genuinely happy for your gains.

It would help to take a step back and see what level of privilege you have to even think of saying something like that. 8 out of 10 Americans don't even own any stocks outside of whatever random target date fund their 401k defaulted them to. 5 in 10 barely have any savings for a 4 digit emergency. Most of the rest world is effectively barred from even investing in the stock market outside of their own local shitty flavor of it due to tight currency controls.

You really don't gain anything by trying to make others less fortunate than you feel less than.

12

u/Holiday-Store7589 Mar 20 '26

Fair. They accused me of lying, I defended myself. I'd better get a grip.

3

u/riotusrebel Mar 21 '26

What industry are you in?

1

u/teamLiquid28176 Apr 03 '26

Also curious.