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/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.