Effective Altruism / Earning to Give

Curious how many bankers are involved with the EA community. Seems like a natural fit given most bankers could easily donate 50-80% of their salary without much sacrifice.

Anyone else out there earning to give?

Comments (35)

Funniest
Apr 20, 2021 - 9:27pm

Mother Teresa has serious competition if there's someone in this soul crushing job giving away the majority of their money.

2021年4月23日 - 下午4:15

我认为许多医学博士给予的比大多数人意识到的要多。在几个精品店中,我在MDS实习会左右写支票。现在,这可能有些交易,我们可以找到一笔交易,但是我仍然认为他们给社区带来了很多变化。

Apr 20, 2021 - 10:03pm

I'm a big fan of the movement but for my personal risk tolerance, I am more inclined to give money away in old age than as I go. I do make an annual donation on a smaller scale, in the past typically 5% of my bonus. In the future when my bonus represents a higher percentage of my income that will be lower however.

2021年4月23日 - 下午4:16

I would imagine this is most EA line of thinking. If you could build a large protfolio and give significant portions of Dividends away every year that would ultimately be a big game changer

最有帮助的
  • Analyst 1inIB - Gen
2021年4月20日至11:42 PM

作为一个巨大的风扇的EA我真的高兴看到这个here but it's worth noting that EA doesn't require those who earn to give to be giving a huge portion of their earnings. Most effective altruists I know in banking give away 10% of their pre-tax income (inc. bonus).

我建议您付出我们能做的,一个ea的组织

  • Prospectin研究 - 其他
Apr 21, 2021 - 10:26am

Effective altruism = lining the pockets of defense contractors and pet projects of politicians? I would certainly like to think that my taxes are spent in a EA-esque way, but I am highly skeptical of the effectiveness and efficiency of gov't spending.

  • Analyst 2inIB-M&A
Apr 21, 2021 - 10:33am

是的,伙计们永远不会给慈善机构或帮助他人,因为我们已经纳税了

/s

2021年4月22日至下午1:21

Personally I think it's naive to give away a significant proportion of your cash today when you can invest it and grow at circa 8% average return compounded over the next 20 years, at which point you will have enough money to really make a difference.

现在投资,以后给

  • Analyst 1inPE - LBOs
Apr 22, 2021 - 7:34pm

leeeeemmmmm

circa 8%

when the thesaurus goes wrong

Apr 22, 2021 - 9:37pm

It's a complicated question, but here are a few considerations:

  • 慈善机构可免税,这可以提高您在生活中付出早期时捐款的总金额
  • Would you accept the implication that, under this logic, most charities should also be investing their money and not spending for long periods of time?
  • 至少最大化IRA / 401K很可能是有意义的
  • 许多银行与慈善捐款相匹配,因此至少要早些时候捐款是有意义的
Apr 22, 2021 - 7:46pm

Might be an unpopular opinion, but giving your time to help someone is more effective than giving money. If you have the opportunity to teach someone something that they can apply to improve their circumstances, I'd rather give my time even if it's just an hour a month.

Apr 22, 2021 - 8:33pm

No - you get no breaks. Get back to work.

  • 1
  • InterninIB-M&A
2021年4月22日至8:38 pm

Give a man a fish, he eats for a day

教一个男人钓鱼,他永远吃

Pay for an altruistic man's fishing boat and he can feed his entire village + trade with merchants to better the community

Coming from a poor family (living under the poverty line during childhood/teenage years), I wholeheartedly believe that money is the best superpower you can have. It's an effective tool if used correctly.

There's only so much good you can do with your own time; if you have the proper amount of money and fund the right kind of people, you can make a MUCH bigger impact

Apr 22, 2021 - 9:06pm

While I shitpost on this forum, I joined the EA community. As an analyst I don't see myself donating much. However, If my compensation ever exceeds 300k, I fully intend to donate around 5%+ each year no matter what.

我从向亲戚和朋友赠送礼物并看到他们的反应中获得了最大的喜悦。

我知道华尔街吸引了不成比例的贪婪的自恋者和社会变态者,但是我敦促你们所有人至关重要的是,如果您无意追求慈善事业,那些不幸的人都会为其他人付出前进的费用。

  • 传入分析师inIB -COV
Apr 23, 2021 - 1:45am

Don't currently have plans to but I'm a bit of a bleeding heart so have massive respect for people who do. Maybe I will if people convince me to! I come from a pretty lower middle class family so it's just hard for me to imagine giving away money so soon in my career, but maybe I'm just being greedy. Have lots of friends getting crushed by student loans or low paying jobs so it's difficult to say.

Apr 23, 2021 - 4:25pm

如果你能有限公司mpound money significantly above market avgs then you should not donate until you retire. This is what most of the self-made HNWI I know do.

如果您只能像上面的海报一样以8%的速度复合,那么您应该积极捐赠IMO。这就是很多FOHWNI types seem to do.

There's only so much you can spend money on. There's good reason every religion advocates practicing charity, it's good for you.

  • 2
Apr 23, 2021 - 5:03pm

Turnaround-> minority + control

Growth-> Flip positions as fast as possible via secondary offerings. Low hold = low risk of blowup during theVCbubble. Trading mindset VS long-term investment.

Right now mostly stuck as C-level at one of our portfolio companies since CAGR is still good. Will hire my replacement in the next 8 - 12 months.

  • 1
  • Investment AnalystinHF- EquityHedge
Apr 23, 2021 - 5:04pm

Plan on giving away ~10% of all bonuses post tax going forward. Guess im posting it here to help hold myself to it.

Maybe itll give me some karma in the market, who knows. Feels good anyway.

  • ProspectinIB - Gen
Apr 24, 2021 - 5:02am

Matthew 6:1
"Be careful not to do your 'acts of righteousness' before men, to be seen by them. If you do, you will have no reward from your Father in heaven.
因此,当您给有需要的人时,不要像伪君子那样在犹太教堂和街头和街头宣布喇叭。”

  • ProspectinIB-M&A
Apr 27, 2021 - 3:14am

Bruh, shut the fuck up. This is an ANONYMOUS forum for fucks sake. It's ironic that you're the one having a holier than thou attitude

  • Analyst 2inIB-M&A
Apr 27, 2021 - 9:00pm

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Apr 27, 2021 - 9:05pm

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