In 2024, tech stocks were up, while layoffs were also up, leading to a general concern among tech employees.
Tech employees saw their incomes rise dramatically from their equity compensation, but the specter of layoffs meant most people were still concerned. Aaron and Trishul discuss some of the potential reasons behind this dichotomy and how to help people deal with the fear. A healthy cash reserve can help mitigate the concerns of job loss and market downturns as well.
Episode References
MMS #148. Why Smart Advisors Don’t Care About Market Drops.
MMS #150. Wealth Manager shares his secret FIRE recipe
MMS #34. How do RSUs work?
Warren Buffett quote
Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Bay Area Financial Planner with GraystoneAdvisor.com, and Trishul is an East Coast Wealth Manager (InvestingForever.com). MindMoneySpectrum.com and YouTube.
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