bigato's journal

Where are you and where are you going?
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Joined: Sat Mar 05, 2011 12:43 pm

Re: bigato's journal

Post by bigato » Wed Aug 14, 2019 3:41 pm

So today I did what can be the dumbest thing ever but I'm betting this isn't quite the recession yet. I sold my chunk of gold for a 17% profit. It went up too high and too fast and I'm counting that I'll be able to get in lower than that at some point in the next few weeks. Price flutuations for the metal here are amplified by the fact that it's priced in dollars which are the other thing that people buy when markets dip. Also, today I bought another chunk of the big caps etf, while the ibovespa went as far down as a 3% dip and them closed not too far from that.

Today was also the last day I was allowed to give up adhering the voluntary severance program, which I didn't. I'm still enlisted. It was also the last day that someone could have tried to dissuade me or make me some offer to stay. That also didn't happen, which is fine. Yesterday there were some big announcements though. The company now will have three additional steps up the wage ladder for people who are focused on the technical side of things, IT specialists, and they won't need to become managers to keep ascending. Y shaped career type of thing. A programmer, for example, will be theoretically be able get to the same level of wages of an executive today, without the administrative and people managing bullshit. That's as high as one can get before becoming the company's Techonology Vice-President. That's really nice for those who see themselves staying there, like my boss which really deserves it. Also talks from the VP that the era of traditional hierarchies is over.

This solves problems for a lot of people, but I wasn't at the ceiling yet so it matters little to me. Also, it all sounds a bit like too little, too late at this point. The effort for cultural change, using agile and trying to step away from command-and-control, etc, are things that I really appreciate. Still, I can't help but remember the Fight Club quote. Stuffing feathers up your ass doesn't make you a chicken. I'm still of the opinion that in 5 to 10 years, this big bank and all the others in its class will be nothing but a shadow of what it once was in size and power. Some of them may go bankrupt. All in all, it was nice to have an inside view, and in a few years we'll see how accurate my predictions were. If nothing else, my inside view will be helpful guiding my investments decisions in the coming years, as big banks make for a sizable chunk of brazilian big stocks.

It's not all set in stone regarding my exit yet, there's still a slight chance it won't get approved somehow. The concrete answer will be known until the end of next week.

I've been going to the psychologist specialized in autism, but I don't quite feel like talking about it now because my head is spinning too much on this already. The diagnosis is not given yet but we are getting closer. I told her I'm not in a hurry for the label, so we are circling around a little more. It feels like fast tracking some of those once-in-a-decade type of insights. Too bad that I'm almost exiting my job, as that is a challenging environment for me to stay in and a relevant part of that is due to how my brain is wired. Staying longer would have the benefit of fighting the difficulties some more while seeing the therapist.

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Re: bigato's journal

Post by slowtraveler » Wed Aug 14, 2019 10:43 pm

It's cool you're figuring this out.

I'm scared shitless to sell my gold. Up over 23% and still, it's my best hedge to keep my portfolio stable. Stocks down so maybe it'll eek you out another few percent. I dont think it's worth the risk. Too much instability at the moment.

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Joined: Fri Jun 07, 2019 4:11 am

Re: bigato's journal

Post by horsewoman » Thu Aug 15, 2019 3:56 am

bigato wrote:
Wed Aug 14, 2019 3:41 pm
Too bad that I'm almost exiting my job, as that is a challenging environment for me to stay in and a relevant part of that is due to how my brain is wired. Staying longer would have the benefit of fighting the difficulties some more while seeing the therapist.
In my experience a lot of the difficulties went away after a positive change in the environment. I've seen this very clearly in my daughter. The state school system was a very bad fit for her, at age 8 she was severely depressed, and was falling from one meltdown into the next. After a year in a Montessori style inclusive school she was like a different person. Before it was nearly impossible to work on coping strategies. Now she has time (almost no homework!) and enough mental reserves to work with me. There are still enough pitfalls, so no need to be afraid of not keeping your therapist working ;)

For me, enough off-time to decompress has been a game changer in terms of mental health. I only realized how much "masking" I was constantly doing after about 2 years at home (maternity leave), where I could be myself. I shudder to remember the high-strung bundle of anxiety I used to be! Fingers crossed for your severance package :)

Edited to add: after rereading my post I feel like I have not really explained well what I was trying to say.
I think with enough free time you will probably have more mental energy to find (sometimes unbelievabley easy) solutions for problems that seemed very big when working full time. At least it was that way for me and my daughter.

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Re: bigato's journal

Post by Frita » Thu Aug 15, 2019 9:12 am

Bigato, I am routing for you and a green light on your severance!

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