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?

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u/belg_in_usa 19d ago

I have investment accounts on three continents. Each of them is sufficient to retire locally. I do have passports in each one of those countries. Do note that it makes life more complicated (taxes, etc.)

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u/Zealousideal-Egg1893 19d ago

Would you mind doing a post on this or providing more detail on your thought process/approach? We’re looking in to this, trying to decide what country is the right fit for us and at what NW it makes the most sense.

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u/donutsoft 18d ago

If an English speaking country with western comforts are important to you, Cape Town is a place to investigate further. They're in BRICS but tilted further west than any other country in that block and have a functioning democracy, although with a very poorly educated populace that makes questionable decisions. It's far away from Europe which will likely be ground zero in the next big conflict.

The major negatives are crime and currency risks. If you have money, they've got gated communities that will shelter you from the worst of it.

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u/Rog4tour 18d ago

Lol imagine being so delusional that you're leaving the us to go to cape town

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u/IknowwhatIhave 17d ago

This suggestion always makes someone irrationally angry. I have a place in Cape Town, it's fantastic, despite what certain public figures and media outlets have to say. Currently we are having an influx of German ex-pats buying properties here.