Thanks. And yeah, I have edited my post to clarify. I generally pay very little attention to the day to day market conditions. So I just failed to take into account how many people are panicking because of the recent drop. I’ve been thinking about this for a couple weeks.
I will have to look up that 10k thing. That sounds like a smart idea with very little downside.
My thought are that the US is alienating more and more countries everyday. And maybe other countries may become less willing to aid US persecution of it’s own people, and less afraid of US sanctions if the US is already making trading with the US pointless. So my thinking was maybe international investment companies might have some amount of insulation. But I don’t really know a lot about how the money works behind the scenes.
Actually I was thinking about this unrelated to the current market drop. It is fear based, but not based on the dropping market. Moving money now would certainly be terrible. I am thinking farther foreward and just wanting to know my options.
While my family aren’t immigrants, we are not far below them on the list of targets for this administration. So the time may come when the gov goes after us and we feel we need to flee before the gov targets us specifically. I just don’t know if there is anything I can do to ensure I will have access to money if we feel we need to flee.
In the case of investments it would be more like a transfer, then a pull out in my head. Maybe there are institutions I could move some of my investments to that would be out of reach of the US gov for example. I do have an after tax brokerage account for example. Not a ton in it, but unlike retirement money, it is probably free to move without penalty.
Okay, so the line about them being well known behind the bar seems odd to me if this was a holiday getaway. Is that implying that they vacationed there very often or something? In the US a comment like that would be reserved for people who live there.