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by futureshock 244 days ago
I’ll borrow ideas from investing: financial independence, diversification and optionality. If you have enough money you can free yourself from the labor market, but you are still deeply tied to your home country. A second citizenship gives you geopolitical independence. And just like diverse investments protect you from the failure of a specific asset, diverse countries can protect you from, for example, a collapse in heath care, a housing crisis or a currency crisis. And most importantly, its like an options contract on life. You have the option, not the commitment to take a high value move to a new country. If the fortunes of your current country sink and your second country rise, you can exercise your option.

There’s a reason people are willing to spend so much on golden visas with the pathway to citizenship.
2 comments
pydry 244 days ago
>And just like diverse investments protect you from the failure of a specific asset, diverse countries can protect you from, for example, a collapse in heath care, a housing crisis or a currency crisis.

Although, just like certain asset classes correlate strongly, certain countries are geopolitically, economically, militarily tied at the hip and will both rise and fall together.

I wouldnt consider anywhere western a good hedge against America going down coz it has a really good chance of getting dragged down with it.

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ashleyn 244 days ago
What would be the most realistic and best option for a second visa for someone with a ~$1-3MM net worth?
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HaZeust 243 days ago
Malta - which is an EU member.

"Individual investors must make a minimum contribution of €600,000 to the national development fund set up by the government and prove 36 months of residency. Alternatively, there is an expedited route which requires a contribution of €750,000 and evidence of 12 months residency" [1]

1 - http://goldenvisas.com/malta

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lancewiggs 244 days ago
The New Zealand Active Investor Plus resident program requires $5m NZD, which is under $3m USD, but that would take everything. There is another program mooted where you buy a business for less than that.
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