When stressed, you are going to be tempted to shuffle your asset allocation.
Churning your portfolio isn’t the answer.
Geography, Citizenship & Right of Abode
I’m parked in the middle of the American Empire => by choice.
I naturalized to the US and don’t need anyone’s permission to stay here.
Being born Canadian, I have the option to live in Canada. It’s a valuable option to a wonderful country (with a different political system).
I also have the right of abode in New Zealand (a third political system). I like to think of it as a smaller Canada, on the other side of the world.
My Kiwi visa doesn’t expire. Unfortunately, I can’t pass the visa to my kids. However, each of my kids has a Canadian Citizenship certificate.
Three political systems, two hemispheres, all English speaking.
Hemispheres, continents, countries and political systems.
The location to start from scratch.
Who regulates the custodian for your financial assets?
Unsure what I mean?
Who has the ability to lock your money inside a political regime?
Where can you send money, with a single instruction, that’s outside of your home regulatory environment?
The capital to start from scratch.
- Do you have an alternative source of income?
- How long might it take to develop one?
- Are your skills marketable internationally?
- Might you be able to develop a set of marketable skills?
The skill set to start from scratch.
Look at the above on an individual, generational and family-wide basis.
The unimaginable happens once a decade.