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 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 mostly like the US but the years since Obama have been rough
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.
Salaries in tech sector still give you higher overall quality of life than most of US can ever offer. Then you have - extremely beautiful nature at your doorstep, more top notch destinations like Italy and France just at the border, very low criminality compared to US, very good free healthcare, very good free education including top notch public universities, very well functioning social programs. One doesn't have to be ashamed their taxes go to killing innocent civilians half around the world (although at this point US population including folks here seems fine with that). And so on and on and on.
Also, you don't spend your whole active life getting it and (almost) burning out for that, 40h/week and then you can live your life and chase dreams and passions.
Argentina and Brazil are about the only other countries where you can almost get away with this and legalize your existence (Argentina in particular has constitution that says essentially if you survive 2 years, you are basically citizen) , although most of Africa wouldn't bother to enforce it (South Africa in particular has almost as much illegal immigration per capita as USA although with a wide band of possible error in estimates, and they can't meaningfully enforce it).
Otherwise you need investments (usually 50k+), permanent pension, top-tier education, a professional job offer, cultural/family ties, or connections with the political apparatus. Switzerland in particular is on extreme hard mode for a non-EU citizen to get citizenship.
Quite a few swiss residents would be happy to have this (or at least some more cost control).
There's mandatory health insurance with preexisting condition coverage, but it's not free (tho it's partially tax supported, depending on location and income).
It’s amazing how poorly you understand their financial situation. They are possible the most privately leveraged entity on the planet by ratio
Their banking systems against their gdp is at 600%.
You couldn’t pick a worse place
Chinahhhh.