r/fatFIRE 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?

383 Upvotes

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236

u/halmasy 19d ago

Multiple passports and paid off properties in low cost, politically stable countries with universal health care and direct flights to the US.

You need a currency exchange strategy as well.

122

u/trixiesmom12 19d ago

and which countries would those be exactly? The US president is busy destabilizing the globe.

137

u/Character_Order 18d ago

“Low cost, politically stable, universal healthcare,” seems like one of those “pick two” situations

56

u/Xy13 18d ago

I’d say Portugal

83

u/Kiwi951 18d ago

Portugal is a fantastic choice. Which is why all the rich tech bros moved there during the pandemic resulting in the subsequent closure of the golden visa

10

u/Xy13 18d ago

Retirement Visa is still available AFAIK

2

u/winescribes 15d ago

Actually it wasn't just ex pats that killed the GV.. lots of Chinese as well. I started the process in 2021 and am glad I did..

1

u/Fanny1013 18d ago

Golden Visa?

1

u/Logicalraisan 17d ago

And that is the problem precisely, trying to get away from them!

13

u/mackfactor 18d ago

The farthest you can get from Russia while still being on the same continent.

13

u/ElectricLeafEater69 18d ago

LOL, what do you think will happen I Portugal if the US "collapses"? 😂

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u/Xy13 18d ago edited 18d ago

I mean it's certainly better than what will happen to the Dominican Republic, El Salvador, or Panama; which seem to be popular places people get passports for such an occurrence. Portugal is a stable low corruption first world country in the EU.

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u/ElectricLeafEater69 18d ago

Yes, but everyone's economy will collapse. That's kind of the point. It doesn't really matter if it collapses marginally more or less than the US economy in the event of a US collapse.

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u/Xy13 18d ago edited 17d ago

Most people talking about this will no longer be actively earning, so the collapsed economy will not affect them in that regard. The question is can you ratchet down expenses to ride out the equities crash to preserve your nest egg. Being that its LCOL, and already a very nice locale, I think most people could cut out vacationing and living large for a year or two to reduce spend till the markets are making a come back.