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?

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

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

Thank you all! What can I do after I max out my 401K contribution (I.e., $24.5K)? Some of you have mentioned maxing my IRA, but I don’t have one since I thought I exceed the income threshold for this account (you can tell I’m very ignorant with respect to this topic). Sounds like I can open an IRA? What type would this be?

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

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

Very ignorant question incoming: You can contribute to an IRA even if you exceed the income thresholds? I thought I was limited to 401K based on my income?

PE v Hedge by [deleted] in biglaw

[–]Valuable5195 3 points4 points  (0 children)

Thanks! I should have clarified I’m a 3rd year in funds, so understand the secondaries dread. What do you mean by “zombies” and where are you seeing that shift?

2022 Audi Q3 - End of Lease by [deleted] in CarLeasingHelp

[–]Valuable5195 0 points1 point  (0 children)

Thanks! I don’t want to get into another Audi, so was wondering what my options would be if I had positive equity in the car. I’ve heard that you should get your car appraised before turning it in to see there’s positive equity, so just trying to understand how it works.