RSUs are awesome!!!

IT IS NOT ACCEPTABLE FOR BANK/BROKERAGE WEBSITES TO BE DOWN FOR “MAINTENANCE”!!! Are Google, Facebook, and other internet companies ever down? No! And here is how: There are many computers in the rotation hosting traffic to these websites. Instead of taking them all down for maintenance at once and rejecting users outright, tech companies take a few computers out of the rotation at a time to upgrade them. This is called a rolling upgrade, it is very easy to do and commonly used during low traffic times so as not to interrupt service.

Okay, now that that’s out of my system after not being able to log into three separate institutions, here’s the big news: My RSUs are vesting!! *happy dance*!! Here is how cushy code monkey compensation works: There’s sometimes a signing bonus which you get with your first paycheck. If you’re moving long distance you may get relocation money or temporary housing. Then there’s salary. There’s usually over-the-top benefits (free food, 401K match, allowance to spend on wellness). Finally if you work at a public company you could get Restricted Stock Units (RSUs). RSUs are usually granted on a 4 yr schedule with a 1 yr cliff. The 1 year cliff means that stock doesn’t vest for your first year, and then vests all at once around your one year anniversary. I passed my one year anniversary at my company and the bump in net worth you see is the result of a year’s worth of company stock vesting all at once. ^_^

In other news, I bought for 6 months of car insurance as well as plane tickets to Europe so my credit card balance is a bit high. I’m proud of myself for actually shopping around for car insurance this time, I got like 5 separate quotes to convince myself to stick with the same insurer. I did increase my deductible by $500 to save some money on premiums, only time will tell if this is a smart decision. It’s the little things, these small signs of adulting. Next up: taxes

I continued to focus on myself and my friends this month. A friend visited me for MLK day and we went hiking and horseback riding. I performed a dance at my company’s Chinese New Year celebration so I halted my workout routine for two weeks to make time for dance practice. I want to get caught up with exercising in the next few weeks. My boyfriend was feeling a lot of pressure from his work and self-pressure to switch jobs, but the pressure is drawing us closer. I’m trying to pressure my sister to apply for scholarships, but I know it’ll be hard for her since she’s busy with midterms.

2017 Financial Review

My net worth increased by 112K to 214K in the past year, I personally contributed 64K (after 5K excess contribution withdrawal) and the rest was company match and investment gains. Here’s how my investments have changed between the December 2016 and December 2017 entries:

  • Stocks (Brokerages + ESPP proceeds): 20K original amount, +65K change
    • +35K personal savings
    • +16K ESPP contributions for three quarters
    • +14K gains
  • Retirement (Roth 401K + Roth IRA): 75K original amount, +46K change
    • +18K my contributions
    • +8K company contributions
    • -5K excess contribution and earnings distributed from Roth IRA because I contributed too much for my income level in 2016
    • +15K gains
  • Car Loan: -4K
  • Everything else: Stay the same, within $3K of current levels

I don’t really plan out how much of my savings I invest, it just ended up being 35K in 2017. Here’s what I know will get added in 2018 assuming I stay at my job (I plan to):

  • Stocks
    • +22K ESPP contributions for four quarters
    • +119K current value of RSUs which will vest in 2018
  • Retirement
    • +18K my contributions
    • +9K company contributions
  • Everything else: Stay the same, within $3K of current levels