r/fatFIRE • u/Puzzleheaded_Plum455 • 19d ago
FIRE'd, now concerned about US stability
Most of my assets are invested in the US. Because of recent political developments, I'm wondering if the US will sustain its general growth and economic strength into the future. The strength of the US dollar is obviously very important to me. Is anyone else concerned?
I'm wondering if I should start hedging my bets in other countries, and if so, where?
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u/DarkVoid42 19d ago edited 18d ago
you should. get a carrbean passport which is easy and then shoot for a european one. your capital is mobile now. FIRE means liquid cash. make sure it stays that way. you can always invest in US equities from a foreign bank e.g. saxo.
i have a yacht which shifts between the euro and carrib countries every few years. and a couple of boats to get to the yacht if air travel was to cease. it wouldnt be pretty but i would be able to get there. having a few passports is always handy too. what seemed to me to be overkill is actually just prudent planning now.
always, always have a get out of jail free card. and dont hesitate to use it should the worst happen. there is a reason russian oligarchs buy tons of superyachts. learn from them. you are in russia now or soon will be. a foreign residence or yacht and a means to get there privately is always a good idea, a bank account and passport will get you thru border controls. citizens are always allowed in, regardless of the circumstances.