Curious to know, outside the 80 - 100 hours in office, what other side hustles you wso monkeys are engaged in in a meaningful and material manner?
One thing I've observed is that very few folks around me, despite all being well trained (or claim to be) to analyze and value companies/industries, etc, actually put in real effort into, for example, managing personal finance - obviously within the boundaries of compliance at individual banks/firms.
Just to get the discussion started, my side hustle is that I've managed to build up a stock portfolio with invested capital of c. US$1 million, comprised of equally weighted ~25 high quality dividend paying stocks. Goal is to compound the invested capital by 7 - 8% p.a. through both dividend reinvestment and additional cash from salary/bonus income (you got it, target to double the capital in 9 - 10 years from today). Have done a lot of work in terms of understanding the individual stocks and the industries they are in which is frankly the most interesting and motivating part of doing this, over and beyond the returns / dividends I have received. Keen to have an opportunity one day to run the portfolio full-time, and get out of a process/deal-driven position like IB or PE.
Welcome to share your stories, thoughts or comments.
Probably no one's business, but how did you squirrel away $1 million already? (from the 80-100 hour week comment, I'm guessing you're still analyst/ associate).
Separately, I'd rethink your allocation to dividend payers, given your income and horizon. That's a needless and expensive sharing of your returns with Uncle Sam.
OP's the guy who made the post about getting a $175,000 bonus as a 2nd year analyst. Grain, salt, etc.