Serious question, but not entirely related to the topic - how are “smart” people in the US preparing for the next 20-30 years?
- Assume everything will be fine and America will remain a global economic superpower.
- Plan an exit to a more serious, stable country.
- Some option in the middle of the two to hedge your bets?
I'm investing in property in places that will allow me to get permanent residency without jumping through too many hoops.
You theoretically lose yield compared to the S&P average - but if you're hedging your bets against the US possibly going to shit - the S&P is unlikely to perform as well as its historic average IFF that scenario unfolds.
Seems like a better hedge than gold, but my crystal ball isn't working.
I don't know if I qualify for "smart" but my plan has been to keep one foot in the US and one foot in Europe.
I saw the writing on the wall long ago. I predicted all of this happening many years ago. I left the US back in 2015.
Currently in the UK, and I hope to eventually get dual citizenship. My partner is European, so that is possible too.
I'd leave the US if the tech jobs didn't pay so much better here.
I mostly like the US but the years since Obama have been rough
My partner is keeping her foreign citizenship. Just in case.
I live in iowa - all my electric comes from wind, and I drive an ev or bike. I'm not worried
D) Die. I'll reach my expected lifespan by then. If possible, move to a serious, stable country before then.
I'm somewhere in the middle and bought an ocean going sailboat.
there is an absurdly large rush of americans applying for canadian citizenship because canada recently allowed anyone with ancestry, multi-generations back, to qualify
They seem to be buying a nice house/condo in a good area and having kids.
Investment wise they are doing well.
They often own multiple homes.
They are not “smart” if they think a civil war will go down.. that’s poorly read people imo, sentiment pushed by the group that lost elections. And sooo context unaware. Could these people name any politics outside the US? Nope. Clueless, which is why they lost the election.
Some very smart friends are making investments in SA irt building factories.
> - Assume everything will be fine and America will remain a global economic superpower.
My guess is 2/3 of the country at lease believe in that.
> - Plan an exit to a more serious, stable country.
Only the Top 0.1% are eligible. Probably only half of them are prepared. The other half are blind.
> - Some option in the middle of the two to hedge your bets?
That's the same cohort of the half of 0.1%. These people are not betting against the US as much as they are hedging their bets. They'll remain in the US till it's clear that the downward spiral is inevitable.
Please list the more serious and stable country if America collapses.
I’ll wait.
On a serious note;
I’m looking at my billion dollar neighbors and they all just are citizens everywhere now. No allegiance to anything but their own pleasure.
Smart people know that you can't predict or plan for anything on anywhere close to that time horizon. The only plan is be adaptable.
Mostly, we're looking at global warming maps and trying to figure out whether we're in a spot that'll be habitable in 30 years, assuming worst-case climate projections (which are more optimistic than current trajectories). There aren't that many good places to move.
Shorter term, we need to rotate investments out of USD.
There are two obvious problems with exiting to a more stable country: (1) we'd be putting ourselves on the business end of a large gun being held by a madman (2) when things really hit the fan, will it actually be more stable for American expats?