What, Me Worry?

  • Law

  • Cannabis businesses frustrated by $111/hr bills for state regulator tasks. [TNI]
  • The Siegel Group is under new scrutiny from Clark County. [RJ]
  • One of you asked yesterday if anyone was worried about the economy. We’re a profession of paid worriers who tend to look for the worst possible outcomes. Is the economy concerning you right now? What is your biggest worry right now?
31 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Anonymous
Guest
Anonymous
August 2, 2022 4:05 pm

I still can't get that "puss and piss" reference out of my nose. The alliteration, the 4-3-4 letter symmetry, the second vowel followed by 2 "s's." It truly reminds me of downtown.

Anonymous
Guest
Anonymous
August 2, 2022 4:18 pm
Reply to  Anonymous

It truly is a work of beauty

Anonymous
Guest
Anonymous
August 2, 2022 5:46 pm
Reply to  Anonymous

The "smell of puss and piss' is poetic. It was best post of the week. Four Queens is the puss piss palace.

Anonymous
Guest
Anonymous
August 2, 2022 4:32 pm

Biggest worry right now?
Biden strokes out, Harris becomes President.

Anonymous
Guest
Anonymous
August 2, 2022 5:10 pm

I see Harris cackling on top of a nuke like that scene in Dr. Strangelove with Slim Pickens.

Anonymous
Guest
Anonymous
August 2, 2022 5:53 pm
Reply to  Anonymous

LOLOLOLOLOLOLOLOLOLOLOLOL!!!

Anonymous
Guest
Anonymous
August 2, 2022 6:28 pm
Reply to  Anonymous

I see that, but Rockhound in Armageddon. "Just wanted to feel the power between my legs. brother."

Anonymous
Guest
Anonymous
August 2, 2022 10:30 pm
Reply to  Anonymous

My egg salad smells better than yours

Anonymous
Guest
Anonymous
August 2, 2022 5:32 pm

My biggest worry is having the funds to retire someday.

Anonymous
Guest
Anonymous
August 2, 2022 5:49 pm
Reply to  Anonymous

Unless you truly believe that the entire US economy is going to crumble and never come back, keep buying mutual funds. They're on sale now, so you can buy more with each purchase. Your dollar goes further. And if you really do believe the US economy won't ever come back, buy guns, ammunition, and canned food.

Anonymous
Guest
Anonymous
August 2, 2022 6:29 pm
Reply to  Anonymous

If you do believe that the entire US economy is going to crumble. Buy Guns, Food, silver and Crypto, in that order.

Anonymous
Guest
Anonymous
August 2, 2022 6:33 pm
Reply to  Anonymous

Mutual funds have horrible backend fees you don’t see. Just go with S & P 500 index. Pick vanguard or any normal index fund.

Anonymous
Guest
Anonymous
August 2, 2022 7:43 pm
Reply to  Anonymous

Hmm.. well the indexed funds are a type of mutual fund, and just like all mutual funds may be front loaded or back loaded and have annual service fees. The problem with indexed funds is that you rise and fall in step with the market whereas sector funds may or may not have a better return.
Futures and Crypto are a crap shoot.

Anonymous
Guest
Anonymous
August 2, 2022 7:50 pm
Reply to  Anonymous

I go with the sure-fire retirement strategy of depending on Social Security – Manchin wouldn't let me down – he'd never spend a gazillion dollars and call it anti-inflation – say it ain't so Joe.

Anonymous
Guest
Anonymous
August 2, 2022 8:23 pm
Reply to  Anonymous

"…and Crypto are a crap shoot."

Not so far. I have made way more on Crypto in the last 8 years than as a lawyer. Retiring in 2028 years at 59, after exactly 30 years of practice.

Anonymous
Guest
Anonymous
August 2, 2022 9:19 pm
Reply to  Anonymous

I am 60 with great hips, and a hottie my daughter's age. I sell and I tell. Who's in?

Anonymous
Guest
Anonymous
August 2, 2022 9:27 pm
Reply to  Anonymous

I have a daughters your daughter's age and won't be dating one that young anytime soon. Not interested.

Anonymous
Guest
Anonymous
August 2, 2022 9:50 pm
Reply to  Anonymous

Retiring off crypto in 2028 is like waiting for the Titanic to resume seaworthiness.

Anonymous
Guest
Anonymous
August 2, 2022 9:58 pm
Reply to  Anonymous

@123 here
That is because you don't know how much I have or what I bought in at. Or what I have sold and banked since September, 2013.

Anonymous
Guest
Anonymous
August 2, 2022 10:50 pm
Reply to  Anonymous

Mutual funds tend to have high fees (expense ratios). Buy a selection of ETFs together with a selection of individual blue-chip stocks with reinvested dividends.

Anonymous
Guest
Anonymous
August 2, 2022 11:33 pm
Reply to  Anonymous

Re: Funds to retire.

Since I was 35, I have consistently maxed out my 401(k) and Roth contributions. So has my spouse. It is a big chunk of our income, but if you're willing to sacrifice now, there is no reason you can't have security and comfort tomorrow.

We work too hard and sacrifice too much as attorneys to piss it away living paycheck to paycheck.

Anonymous
Guest
Anonymous
August 2, 2022 5:46 pm

Do people stop getting in car wrecks in a bad economy?

Anonymous
Guest
Anonymous
August 2, 2022 5:53 pm
Reply to  Anonymous

No, but they have smaller insurance policies.

Anonymous
Guest
Anonymous
August 2, 2022 8:22 pm
Reply to  Anonymous

Smaller policies. Self insure. Drive less. Dont drive as wild. Dont go to tourist meccas to do their driving.

Anonymous
Guest
Anonymous
August 2, 2022 8:52 pm
Reply to  Anonymous

Way less justice that needs addressed during a bad economy.

Anonymous
Guest
Anonymous
August 2, 2022 9:17 pm
Reply to  Anonymous

And adjusters will not negotiate either. Have an assault case and defense only offered 20k. Ah,fuck no.

Anonymous
Guest
Anonymous
August 3, 2022 2:42 pm
Reply to  Anonymous

@10:46 When people can't afford to do anything, they drive a lot less.

Anonymous
Guest
Anonymous
August 2, 2022 6:41 pm

Scott Boras, an attorney, represents Eric Hosmer and Juan Soto. How is this not a massive, non-waivable conflict of interest? I am genuinely asking. Eric Hosmer has to wonder whether Boras has his best interests here.

"Hosmer is owed $39 million over the next three years, which takes him to the age of 35. He happens to be represented by super agent Scott Boras, the same agent of Soto. Boras also reps Josh Bell and two Padres prospects included in the trade."

https://www.yardbarker.com/mlb/articles/eric_hosmer_holding_up_juan_soto_trade_with_no_trade_clause/s1_16457_37736099

Anonymous
Guest
Anonymous
August 2, 2022 8:48 pm
Reply to  Anonymous

He may be an attorney, but that doesn't mean he is representing them as their attorney, he could just be their sports agent. I don't think being a sports agent alone makes you any kind of fiduciary or that you have any kind of duties to your client. But I have no idea.

Anonymous
Guest
Anonymous
August 2, 2022 9:48 pm
Reply to  Anonymous

I appreciate your perspective. I believe that you are wrong.

Anonymous
Guest
Anonymous
August 2, 2022 7:04 pm

Boras has been manipulating the market forever, just like the teams do on service time. Not really new or news.