Re:Ask HN: What did you do when you suddenly got rich?
by _nalply on Thursday July 25, 2019 @02:23AM
(#20523068)
At 5M+ it doesn't really matter if you pay $1000 or $10000 for insurance.
[ Parent
| on HN ]
Re:Ask HN: What did you do when you suddenly got rich?
by shoo on Thursday July 25, 2019 @05:02AM
(#20523805)
Being indifferent to a recurring unnecessary 9k annual expense is roughly being indifferent to 9000 / +4% * 5m) = 4.5% loss of income from investments. If you're indifferent to too many decisions of this form, it's a good way to solve the problem of figuring out how to manage your assets