That’s if you assume a bunch of other things, like there being a sufficient amount of LOTTYPEBFULPIN for it to actually influence the market or “the market” considering them to be a profitable demographic.
The best strategy, up here where I live, is clearly to get very-short-term insurance (no longer than one year at a time) and accumulate reserve capital, preferably in an interest-aggregating form such as stable bonds or special “stable fund” accounts that can be pulled back into money whenever there’s an issue. As the reserve goes up, the amount you need to insure and the various conditions of your insurance can get less and less wide-covering, until eventually you have a sufficient “long-term-thinking-reserve-capital-pool” to not only self-insure, but to also serve as a partial early retirement fund (assuming you don’t need to dip into it too much ’til then). The more lucky or enterprising will even end up making enough money from interests as the pool accrues and grows to stop pooling and consider the interest a secondary salary.
Of course, for that you have to be extremely patient and either forego a lot of costly young-person-activities or have a revenue higher than your lifestyle.
That’s if you assume a bunch of other things, like there being a sufficient amount of LOTTYPEBFULPIN for it to actually influence the market or “the market” considering them to be a profitable demographic.
The best strategy, up here where I live, is clearly to get very-short-term insurance (no longer than one year at a time) and accumulate reserve capital, preferably in an interest-aggregating form such as stable bonds or special “stable fund” accounts that can be pulled back into money whenever there’s an issue. As the reserve goes up, the amount you need to insure and the various conditions of your insurance can get less and less wide-covering, until eventually you have a sufficient “long-term-thinking-reserve-capital-pool” to not only self-insure, but to also serve as a partial early retirement fund (assuming you don’t need to dip into it too much ’til then). The more lucky or enterprising will even end up making enough money from interests as the pool accrues and grows to stop pooling and consider the interest a secondary salary.
Of course, for that you have to be extremely patient and either forego a lot of costly young-person-activities or have a revenue higher than your lifestyle.
Very cool. I’m adding “write post with pretty graph about optimal insurance strategies” to my implausibly optimistic list of projects to get to.