SP here: I’m on track to make about $600k this year.
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Poast new message in this thread
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Date: September 20th, 2025 5:31 PM Author: i gave my father head ((zurich is stained))
boy, this is turning out to be another one of your retarded ass subthreads.
how in the FUCK is this analogy apt? insurance is a product. you purchase it on the off chance that something bad happens. the benefit in it is that if a catastrophe befalls you, you are covered.
how on fucking earth is that anything like choosing to pay off a 3% loan rather than pay the minimum on the loan and invest the balance in an S&P fund, which historically returns about 11% a year?
or maybe i'm missing your point. perhaps i need to fall off the top of my house headfirst.
(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2"#49287231) |
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Date: September 20th, 2025 6:00 PM Author: i gave my father head ((zurich is stained))
the benefit of insurance isn't peace of mind, you retard. you are compensated if you get ill or disabled, or your house blows up or blows away like ZZZ's did.
nobody buys insurance to feel good, you dumb fucking retard. it's a product that compensates you if you experience disaster.
that isn't what paying off low-interest debt is. that is just making yourself feel better because you are "debt free." you aren't hedging against anything, you are just about guaranteed to end up in a worse financial position if you do it. (i say "just about," because you could invest the excess money into an asset that loses value - e.g., paying the minimum on your house and putting the difference in an S&P fund starting in April 2000).
how are you this fucking dumb? and jewish?
(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2"#49287277) |
Date: September 20th, 2025 9:35 AM Author: i gave my father head ((zurich is stained))
definitely not the mortgage or student loans. car payments make sense. how much are left on those?
how do you guys get paid out? draw throughout the year or do they settle the account each month? it sounds like the former. at my current firm, when i make equity i'll be paid out every month (they don't do the holdback thing), but will get assfucked in taxes. the equity partners evidently make you open a "personal" corporation. one of the biglaw firms does this - kirkland maybe? my tax burden at the biglaw firm was 120, so i am not looking forward to that.
what kind of retirement plan do you have?
congrats on the comp. i should make that or hopefully a bit more next year.
(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2"#49286228) |
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Date: September 20th, 2025 3:46 PM Author: i gave my father head ((zurich is stained))
wait, did the firm restructure or something? what do you mean new partnership?
yea the self-employed retirement account is 180 as fuck. i loved that about biglaw. i lost it when i went back to jackson lewis to be an "income principal" but got it back when i jumped from there. and then i moved again and am back to the ttt 23k 401k contribution until 2027 when i should be equity.
i have right around $1.1m in my 401k, in large part due to the $60k contributions when i was a biglaw partner.
(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2"#49287020) |
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Date: September 20th, 2025 4:22 PM Author: Creator & Destroyer
Yeah me and three other dudes bought the firm. We share profits at the end of the year based on ownership percentages.
We did our usual salary as draws against that anticipated profit over the course of the year as that seemed most sensible. I wanted to pay myself more but instead we put all partners families health insurance on as costs which for me had the net effect of bumping my monthly take home up to match inflation for the year.
You were complaining about how your retirement accounts need work but they all seem pretty well fluffed up already.
(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2"#49287097) |
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Date: September 20th, 2025 4:48 PM Author: Creator & Destroyer
Yeah by any measure you are better than in good shape I would think.
Buy a condo or something up near Rehoboth beach or something like that? Or a ski unit w resort management. ? Could be fun for family and you wouldn’t be losing anything
(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2"#49287170)
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Date: September 20th, 2025 9:50 AM
Author: .,..,....,...,.,.,...;,,..:::.....,......,,.,.,..
whatever you do, don’t purchase any more young azn boys for your sick sexual fetishes, leave those poor children alone
(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2"#49286258) |
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Date: September 20th, 2025 10:13 PM Author: i gave my father head ((zurich is stained))
you should pick a number - 10, 15% of your gross income and commit to putting that away each month. put the rest toward the debt if you want to pay that off. once you pay it off, up the investments.
i put my money into the following ETFs, splitting among them roughly equally:
VOO (vanguard's S&P index)
SCHD (schwab dividend fund - probably best in a tax-sheltered account)
VGT (vanguard's tech ETF)
SMH (semiconductor ETF)
SCHG (schwab's growth stocks - lots of non-tech growth companies)
but honestly you could just do VOO and nothing else because that's probably nearly impossible to beat.
i'd also put some money into bitcoin, like $500 a month or something.
(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2"#49287937) |
Date: September 20th, 2025 12:16 PM Author: cock of michael obama
"What should I do with the balance? Hookers and blow? Thanks."
your kallman weiner is 1.5 inches erect, you cant "do" hookers
whatever you do, don't buy more mail order children to molest
(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2"#49286572) |
Date: September 21st, 2025 1:34 PM Author: i gave my father head ((zurich is stained))
i had to come back to ITT and take this issue out of the above subthread.
sealcubber, let's do a little hypo. let's say you have a guy with a $1500 monthly mortgage payment and the rate is pretty low - say 3.5 or 4%. let's consider two scenarios.
scenario 1-
i decide i really don't like carrying debt and am going to double my monthly payment, which represents all of my disposable income. so i am paying $3k/mo and not saving anything. but the upside is my house is paid off in 10 years, not 30.
scenario 2-
i make the minimum payment and have $1500/mo left over. i either put it in VOO or a high-interest savings account at 5%.
now let's fast forward 8 years later. i am laid off from my job. if i'm scenario 1 guy, i have been aggressively paying down debt and i'm almost there, but i still have a fairly large amount of debt in the house. plus i have a $1500 mortgage payment due in a few weeks and no savings. fuck. i was SO CLOSE to paying the house off but i wasn't able to do so before i got laid off and my mortgage is still due. is craigslist still around? maybe i can sell my holds.
if i'm scenario 2 guy i have $175,000 or so if i did the high interest rate savings acct or about $260,000 if i threw that money into VOO. i have a $1500 mortgage payment due in a few weeks. this really sucks, but thank god i have assets i can tap. my holds are safe (unless i want them not to be haha)
which one is in a better position? or am i misunderstanding your HURR DURR ZURICH IS DUMB WHAT IF U LOSE UR JERB poast above? if i misread you, pls explain.
as a sidenote, can you tell us where and how you invest your money? lmao.
(http://www.autoadmit.com/thread.php?thread_id=5777923&forum_id=2"#49289226) |
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