I started down this path in the stock world when the startup I was working for went bankrupt in early 2013. At the time I had minimal savings to support my wife and two kids so we had to uproot and move to get a new job.
That experience is what pushed me to expand my financial horizon to end up here. If you want to hear more about my stock beginnings, I talk about it in some podcasts here and here.
Here I am 11 years later and yesterday my project was closed down. Deja vu. Turns out the world of new technology development has risk :)
Second time getting laid off but we are in a much better position than back then. Thanks to the stock world, my mentor, this blog, everyone who talks stocks with me, and all you readers we have a big enough cushion to say we are not moving. Unfortunately not big enough to retire but I don't have to start a new job within a few weeks like last time. No uprooting the now three children or my wife. We can take more time finding what's right and if it pays less we can supplement with stock savings money. The plan worked!I'm grateful for all of you and this whole stock journey. I'm feeling pretty numb right now but it's time to be new.
Thanks to everyone reading this
--Dan
disclosure: long gratitude
Sorry to hear that, Dan. But good to know that you’re still in a comfortable spot. Were you working on the secret car project?
ReplyDeleteGetting fired sucks. I was also let go very recently. I was more than numb for a couple of days, until I realized I’m worth a lot to the right employer. Also I have a big cushion so decided to take a few months break.
ReplyDeleteCheers and good luck!
Seems odd to almost be congratulating someone on bad news, but you know what I mean. A margin of safety is a good thing for home life too.
ReplyDeleteSorry for your loss, hope something better lies in the future.
ReplyDeleteGood luck NoName!
ReplyDeleteWe appreciate very much your generosity, you are a great men. Thanks for your work Dan, and good luck in your new phase.
ReplyDeleteSorry to hear that Dan, happens to the best of us (me too, Dec 23). Wishing you well and thanks for all your research over the years.
ReplyDeleteMaybe investing should be your full time job!!! You seem like a really smart, creative, and talented guy and I hope you find something fulfilling soon. Good luck!!!
ReplyDeleteThanks I've thought about that. For now my earning power is higher as an engineer and main thing is supporting the fam
DeleteSorry to hear Dan. That sucks. Glad you are in a better spot than the last time.
ReplyDeleteGreat that you are in a much better position this time around. Hope you will have the opportunity to do exactly what you most desire.
ReplyDeleteThanks for writing this valuable blog. Good luck!
Their loss, hopefully you will find a door where their were once walls.
ReplyDeleteSorry to hear, best of luck with your next adventure in both stocks and jobs!
ReplyDeleteBest of luck and hope you find something you enjoy. Your interviews were one of the things that really got me down my own path with investing/trading. Wish I had asked you to grab a coffee when you were still down here in the Bay Area!
ReplyDeleteDan, best of luck in next chapter. btw do you have a view on IEHC here? thanks
ReplyDeleteIt's somewhat tone-deaf to ask for his thoughts on a stock in a post where he has just shared news of his job loss.
Deleteit's totally fine. I enjoy the stock stuff.
DeleteIEHC not great numbers lately. I'm glad they're back to filing. I think the biz will come back
Hey Dan,
ReplyDeleteyou are going to kill it no matter what you do next! Good luck and keep up the great work.
Best of luck in your job search. When I was 46, I was laid off during dot com bust with a family to feed, my 401k near zero as my company went to 80 to pennies. I had to look at stock investing to supplement my income. Luckily it all worked out for me as I become financially independent so it can be done as you are way better than me
ReplyDelete