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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", sykesix asked the members: "What do you do if you arrive early at movie besides go to the snack bar?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Investment Strategies / Mechanical Investing
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Author: oddhack ✭🐝  😊 😞
Number: of 6374 
Subject: Preparing to go
Date: 03/14/25 7:25 AM
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No. of Recommendations: 16
After 10 weeks - surprisingly fast - the Portuguese Embassy send notice that they had approved my long term visa this morning. With a cooperative veterinarian and USDA, and barring an embargo or hot war against the EU, I will be leaving for Lisbon in a month or so. The advice here has been quite helpful - thanks!

Considering how rapidly things are changing - and the truly massive uncertainties about the relationship of the US with, well, the entire world and most of its own citizens - I suspect I am going to be significantly reducing my holdings in Berkshire (80%+ of net worth ATM) prior to departure, and trying to move much of that into Euros in EU banks ASAP.

I don't doubt Berkshire is as well-positioned to survive a global financial crisis and trade war as any US company. But I do doubt that the US will come out of that scenario with anything like the economic clout it has had for my entire lifetime, and I strongly suspect there will be controls imposed over both human and asset movement outside the US at some point.

Ideally I am completely paranoid, and everyone can laugh at me in a few years. But while I don't actually need more compounded gains at this stage of my life, I do need more confidence in the future than I've had since the election.
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This community has written 365 posts about Living Abroad. The article-length ones it recommended most:
Welcome! · 12 recs · 2024
USA to Portugal (Sabbatical) · 8 recs · 2024
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