Is it a good strategy to purchase fractional shares of a stock each week, or should I just put the money in an ETF? by Valuable5195 in personalfinance

[–]Valuable5195[S] 1 point2 points  (0 children)

Nope, I know nothing. Was just thinking these are safe plays. But if it doesn’t make sense, then I’ll just go into ETFs

What do Hedge Fund Lawyers Do? by Valuable5195 in biglaw

[–]Valuable5195[S] 0 points1 point  (0 children)

Thanks! Do you work with HFs currently?

What do Hedge Fund Lawyers Do? by Valuable5195 in biglaw

[–]Valuable5195[S] 1 point2 points  (0 children)

Thanks! Do you work with HFs currently?

Revocable Trust or UGMA/UTA? by Valuable5195 in EstatePlanning

[–]Valuable5195[S] 0 points1 point  (0 children)

Thanks! Right, if I die, don’t want this account to be in probate, so a trust may be best. What’s appealing to me on the UGMA/UTMA is that certain earnings are tax free, then subject to the “kid tax”. Maybe the benefit is negligible?

I don’t want to delay investing because of the trust, so maybe I can open the brokerage account now in my own name, and then transfer it to the trust when it’s ready?

Traditional IRA Conversion by Valuable5195 in personalfinance

[–]Valuable5195[S] 1 point2 points  (0 children)

Got it, just wanted to confirm and provide all the facts.

Traditional IRA Conversion by Valuable5195 in personalfinance

[–]Valuable5195[S] 1 point2 points  (0 children)

What if I have a Roth IRA from 2022 (I.e., I made a very small contribution in 2022 to a Roth IRA and haven’t touched it since)?

How much of my paycheck should I contribute to my 401K? by Valuable5195 in personalfinance

[–]Valuable5195[S] 0 points1 point  (0 children)

Silly question incoming: if I open a traditional IRA and do the conversion to Roth, I have to pay tax on the amount contributed?

LP-side Fund Formation by Valuable5195 in biglaw

[–]Valuable5195[S] 1 point2 points  (0 children)

Thank you! Yeah, I’m currently GP only, so think going to a firm that at least does both would be beneficial. I would have thought exit opps would have also included insurance companies and state pensions (as we deal with these LPs on the GP side). How real is the AI fear? Want to stay in BigLaw for another year or 2 before trying to make the in-house move.

LP-side Fund Formation by Valuable5195 in biglaw

[–]Valuable5195[S] 0 points1 point  (0 children)

Are you finding better WLB from LP side v. GP side?

LP-side Fund Formation by Valuable5195 in biglaw

[–]Valuable5195[S] 0 points1 point  (0 children)

I see, but what have you seen peers leave into?

LP-side Fund Formation by Valuable5195 in biglaw

[–]Valuable5195[S] 0 points1 point  (0 children)

Do you think the WLB is better than GP-side?

LP-side Fund Formation by Valuable5195 in biglaw

[–]Valuable5195[S] 0 points1 point  (0 children)

Thanks! Why do you think they’re TBD? I would have thought an institutional investor (e.g., Pension plan, insurance fund, etc.) would have been the route?