Jump to content

Fidelity investments

Rate this topic


Little

Recommended Posts

is dumping about 3000 cubicle farmers in the next month. Can the messiah go ahead and give out the green jobs now? He said there was like a zillion he had.

 

Come to think of it, if you are about to drive to any cube farm, you might want to stop and grab a set of classifieds. Beat the gang out the door I think!

“My happiness is not the means to any end. It is the end. It is its own goal. It is its own purpose.”

 

Ayn Rand

Link to comment
Share on other sites

Hate to see folks lose their jobs but that's the way the world works. In most cases, the good employees will grab severance + unemployment and be working within 8-12 weeks. The "dead wood" and marginal performers will have a tougher go.

 

There are valuable lessons here.

 

1. No jobs are safe (except maybe a tenured teacher)... you need to continually improve your skills and knowledge pretty much right up to retirement day.

 

2. You have to make an effort to meet others in your industry, so you know who to call when the ax falls and they know you.

 

3. You need to have 12 months take home pay in the savings account (not 401K) and keep a $0 credit card balance.

 

Do those 3 things and you can ride out most economic storms and will sleep a whole lot better.

Link to comment
Share on other sites

View PostHate to see folks lose their jobs but that's the way the world works. In most cases, the good employees will grab severance + unemployment and be working within 8-12 weeks. The "dead wood" and marginal performers will have a tougher go.

 

There are valuable lessons here.

 

1. No jobs are safe (except maybe a tenured teacher)... you need to continually improve your skills and knowledge pretty much right up to retirement day.

 

2. You have to make an effort to meet others in your industry, so you know who to call when the ax falls and they know you.

 

3. You need to have 12 months take home pay in the savings account (not 401K) and keep a $0 credit card balance.

 

Do those 3 things and you can ride out most economic storms and will sleep a whole lot better.

 

 

RE: 1 and 2 if you are over 50 I dunno !

RE: 3- I agree, but 12 months take home, a lot of people dont even have that in their 401K

 

 

Anyway, good solid advice. !!!

Link to comment
Share on other sites

View PostRE: 1 and 2 if you are over 50 I dunno !

RE: 3- I agree, but 12 months take home, a lot of people dont even have that in their 401K

 

 

Anyway, good solid advice. !!!

 

 

Hi Snaps --

 

You are right... not easy for anybody.

 

WRT to 1 & 2, I find that companies seem to be more 50 and over friendly in recent years - at least where I've worked (3 different companies in 5 years). People change jobs so often that employers seem happy with the idea that they can get a fully competent, "ready from day 1" employee and are OK with the potential for only having them on staff for 5 years or less.

 

The key is to be as well trained as possible in what you do and be willing to take a pay cut. I took a 20-25% hit 5 years ago when my employer of 10 years went belly up - but was working within 5 days of notice. Took a couple of years and two job changes, but I'm back to my "high water mark" salary.

 

WRT to 3, that is really one of our problems as a society... lots of people don't save... lots of people want to live above their means. 12 months take home would be the goal, but simply saving some money from each check is a good start.

 

When I get laid off - and I will, just a matter of from where and when - my plan is to be working anywhere (Home Depot, Target, Outback Steakhouse, McD's, delivering newspapers, walking dogs, whatever) within 2 weeks (either of being laid off or the end of unemployment coverage - whichever is better financial deal) - and will supplement that income with savings, as needed.

 

Would shut down all the non-essentials... cable TV, cell phone, boat, fast food, steak, decent beer, and tog trips (that one would hurt), etc. Spend my days trying to make a buck and lifting weights in the basement like a convict (costs nothing to push the iron up & down and is good for mind & body). Figure I could ride that wave for a while.

Link to comment
Share on other sites

View PostHi Snaps --

 

You are right... not easy for anybody.

 

 

When I get laid off - and I will, just a matter of from where and when - my plan is to be working anywhere (Home Depot, Target, Outback Steakhouse, McD's, delivering newspapers, walking dogs, whatever) within 2 weeks (either of being laid off or the end of unemployment coverage - whichever is better financial deal) - and will supplement that income with savings, as needed.

 

Would shut down all the non-essentials... cable TV, cell phone, boat, fast food, steak, decent beer, and tog trips (that one would hurt), etc. Spend my days trying to make a buck and lifting weights in the basement like a convict (costs nothing to push the iron up & down and is good for mind & body). Figure I could ride that wave for a while.

 

So how'd you get the name "slacker" headscratch.gif You sound much more motivated than me.

 

I do not want to work anywhere, I am taking this as my opportunity to do what I really want to. It's been 5 weeks since my last day of work and although I am sending out resumes, making calls and connections I have yet to even get an interview. My kids are funny - on the way to school they said " hey dad - the bagel shop on the corner needs help! "

 

I had what I thought was a good 12 month buffer but unfortunately was almost all in stocks which is suffering badly right now.

 

 

V.

Link to comment
Share on other sites

View PostHi Snaps --

 

You are right... not easy for anybody.

 

WRT to 1 & 2, I find that companies seem to be more 50 and over friendly in recent years - at least where I've worked (3 different companies in 5 years). People change jobs so often that employers seem happy with the idea that they can get a fully competent, "ready from day 1" employee and are OK with the potential for only having them on staff for 5 years or less.

 

The key is to be as well trained as possible in what you do and be willing to take a pay cut. I took a 20-25% hit 5 years ago when my employer of 10 years went belly up - but was working within 5 days of notice. Took a couple of years and two job changes, but I'm back to my "high water mark" salary.

 

WRT to 3, that is really one of our problems as a society... lots of people don't save... lots of people want to live above their means. 12 months take home would be the goal, but simply saving some money from each check is a good start.

 

When I get laid off - and I will, just a matter of from where and when - my plan is to be working anywhere (Home Depot, Target, Outback Steakhouse, McD's, delivering newspapers, walking dogs, whatever) within 2 weeks (either of being laid off or the end of unemployment coverage - whichever is better financial deal) - and will supplement that income with savings, as needed.

 

Would shut down all the non-essentials... cable TV, cell phone, boat, fast food, steak, decent beer, and tog trips (that one would hurt), etc. Spend my days trying to make a buck and lifting weights in the basement like a convict (costs nothing to push the iron up & down and is good for mind & body). Figure I could ride that wave for a while.

 

Have you ever considered a job as motivator and trainer of welfare recipients? Or counsel to the unemployed? If you could imbue them with some of your positive, take charge attitude, they'd improve their situation.

"Who is John Galt?"
Who?
You?

Link to comment
Share on other sites

View Postis dumping about 3000 cubicle farmers in the next month. Can the messiah go ahead and give out the green jobs now? He said there was like a zillion he had.

 

Come to think of it, if you are about to drive to any cube farm, you might want to stop and grab a set of classifieds. Beat the gang out the door I think!

 

"cubicle farmer"- Useful, amusing idiom JW.

"Who is John Galt?"
Who?
You?

Link to comment
Share on other sites

View PostSo how'd you get the name "slacker" headscratch.gif You sound much more motivated than me.

 

I do not want to work anywhere, I am taking this as my opportunity to do what I really want to. It's been 5 weeks since my last day of work and although I am sending out resumes, making calls and connections I have yet to even get an interview. My kids are funny - on the way to school they said " hey dad - the bagel shop on the corner needs help! "

 

I had what I thought was a good 12 month buffer but unfortunately was almost all in stocks which is suffering badly right now.

 

V.

 

 

View PostI was thinking the same thing,,,,headscratch.gif

 

 

 

Slacker is my Beagle. Lov that dog. wink.gif

Link to comment
Share on other sites

Create an account or sign in to comment

You need to register here in order to participate.

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


×
×
  • Create New...