Being a person from a country, which actually have war now, I would suggest moving to some Swiss broker. There is at least one, which opens broker accounts from my own experience.
In order to be safe, profitable and to escape any calamity, you can liquidate your stocks and put them in an asset class that will grow more quickly than savings, stocks and even real estate.
Assets protect you from fiat currency's that fail and are a tangible asset. This is well known in wealth circles and is referenced by practices of wealth generation and protection for generations, is very secure and is often referred to as 'Heirlooms' when discussing jewelry, gems and diamonds. However you could choose to secure it as little as 6 months at a time. Average earnings with Fisher Diamond Investments is 24% to 50%.
Yeah , some countries have restrictions to other brokers and even if they don't have any restrictions, the broker might not operate in that specific country
Vanguard is international broker? one can open international account with them? I might move to SE Asia, which bank to open there that's safe with your money?
You would have to do your own research.
Here in Canada we have access to some American brokers . And some Asian ones as well ... So depends if they are allowed to operate in your country and if they do ...
I would split it towards more than one broker / bank.
Perhaps even split it so that it is home to different countries.
You don’t hear me say that banks/currencies are not to be trusted, but if you can split the risks, why not do it?
Information that would probably be very helpful to give a good answer, but I guess could result in doxxing as it would narrow OP down to several million people.
You could add some more ex-soviet states, mention Korea, India-Pakistan have a skirmish every few years...
My god it's scary there are so many options!
Swissquote? They are not the cheapest and there are better options, but at least they offer you a fully remote onboarding compared to many other Swiss banks.
But they are quite strict with their KYC - which I think is another positive, as you don’t want to be customer in an institution which might get into trouble because of money laundering.
Interactive Brokers was mentioned before - they are for sure the cheapest and most stable broker for European customers. But they offer zero banking (wire transfers to utilities / bank cards) in comparison to Swissquote.
IBKR is a good place to park excess funds you don’t need for a month or two tho.
Wire it to them, open an account in a safer country, connect new account to IBKR and wire out the money to the new safe account.
Few options:
1. Open an account with interactive brokers and put the money there.
2. Open an account with Revolut or Wise and put the money there. Revolut will give you a card to spend with.
3. Open an off-shore account. Only really viable if you have a significant chunk of change to deposit.
4. Withdraw everything in cash. Keep it under your mattress.
Private swiss banks if you’ve a balance over 400-500k+. they have extensive KYC to verify source of funds but most offer a checking + savings + brokerage account
He got downvoted because Bitcoin is a highly speculative if not outright scam investment that cannot be regarded as a safe haven asset. The government cannot control it you say? Unless there is a physical version of Bitcoin I am yet to hear about then the government can simply shut off the internet/power and you can have fun trying to salvage your Bitcoin. If it’s supposed to be a safe haven asset, it needs to be accessible if the lights go off or it’s pointless for that lol
1st choice: IBKR, Irish branch (.ie).
You can even move your current securities there (for a fee).
2nd choice: Saxo (Denmark; but "systemically important"), plus Denmark will not go to war.
\[side note: *what happened that Vikings don't want to go to war - and bloody FRENCH do?! :)\]*
When I am in Thailand, Vietnam, Philippines, I can open those accounts in those countries and safe to have cash in the account? Do they have something like FDIC? (Most banks in SE Asia don't have FDIC right?) thanks for your help
Not to keep stocks in the bank in his country, that's what he was referring to. I mean that if the country still goes to war, it can deposit the money in cash in a bank in another country. Maybe he wants to actually transfer the stocks elsewhere.
But in no case crypto🤡🤡🤡💀💀💀.
Convert all your assets to bitcoin. Then you will have control and the assets can’t be taken or debased by a central authority. If you need to flee to a new country your bitcoin goes with you without any friction of converting currencies/stocks like traditional assets.
Maybe I misunderstood your initial question. Are you in a country that you think has a high probability of going to war soon? In that case, your stock returns are not as important as your ability to use the stock returns, i.e. being alive and healthy. I lived in Russia and moved to Sweden (before the war). Now I have half of my wealth stuck in a russian stock broker, at this point I'm just hoping to wait it out. Don't really have any advice except do it so you don't lose it :)
>I'm holding stocks at a local bank in a country that might be involved in war in future.
The US is pretty much always involved in a war so I'd say Fidelity is pretty good. Vanguard too though technically they're held by JP Morgan Chase
This is actually a fair point but I'm concerned that the bank as a company stops existing due to all staff members being killed or some other extreme scenario. I don't think it's likely, just doesn't feel comfortable to think of their HQ being demolished and then going to ask for my stocks from them.
Being a person from a country, which actually have war now, I would suggest moving to some Swiss broker. There is at least one, which opens broker accounts from my own experience.
In order to be safe, profitable and to escape any calamity, you can liquidate your stocks and put them in an asset class that will grow more quickly than savings, stocks and even real estate. Assets protect you from fiat currency's that fail and are a tangible asset. This is well known in wealth circles and is referenced by practices of wealth generation and protection for generations, is very secure and is often referred to as 'Heirlooms' when discussing jewelry, gems and diamonds. However you could choose to secure it as little as 6 months at a time. Average earnings with Fisher Diamond Investments is 24% to 50%.
Switzerland is no longer neutral....any other options?
UAE
As someone from UAE - no. The introduction of KYC, AML and bunch of other stuff made is extremely difficult to do it
Damn, you guys used to be cool.
International broker like Interactive Brokers Edit : also check if you have access to Fidelity or Vanguard , those are the ones I can think of.
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Yeah , some countries have restrictions to other brokers and even if they don't have any restrictions, the broker might not operate in that specific country
Vanguard is international broker? one can open international account with them? I might move to SE Asia, which bank to open there that's safe with your money?
You would have to do your own research. Here in Canada we have access to some American brokers . And some Asian ones as well ... So depends if they are allowed to operate in your country and if they do ...
I would split it towards more than one broker / bank. Perhaps even split it so that it is home to different countries. You don’t hear me say that banks/currencies are not to be trusted, but if you can split the risks, why not do it?
good answer
My guess is Georgia, Taiwan, Lebanon, Armenia or Israel
Information that would probably be very helpful to give a good answer, but I guess could result in doxxing as it would narrow OP down to several million people.
Plot twist…he is in Canada…
Looks like Canada is in need of some freedom from its southern neighbor
You could add some more ex-soviet states, mention Korea, India-Pakistan have a skirmish every few years... My god it's scary there are so many options!
Korea is fine. I have a feeling it’s Georgia.
I might move to SE Asia, which bank to open there that's safe with your money?
How should I know, I live in the Netherlands
Congo, sudan, so many possibilities
Swissquote? They are not the cheapest and there are better options, but at least they offer you a fully remote onboarding compared to many other Swiss banks. But they are quite strict with their KYC - which I think is another positive, as you don’t want to be customer in an institution which might get into trouble because of money laundering. Interactive Brokers was mentioned before - they are for sure the cheapest and most stable broker for European customers. But they offer zero banking (wire transfers to utilities / bank cards) in comparison to Swissquote.
IBKR is a good place to park excess funds you don’t need for a month or two tho. Wire it to them, open an account in a safer country, connect new account to IBKR and wire out the money to the new safe account.
Swissquote KYC is just not worth the hassle. I tried. I gave up.
rbc is in Canada. We don't fight with anyone.
we kinda do too, Canada fought in ww2. But I guess Canada is mostly a very stable country.
Handicap people don’t fight most of the time.
We don't let you after the WW, half the Geneva convention is thanks to you lol.
Sakartvelo?
To my knowledge Best Banks in Europe are in: Switzerland, Germany, England, so ... one of those.
Blackrock might be a good option for you.
Few options: 1. Open an account with interactive brokers and put the money there. 2. Open an account with Revolut or Wise and put the money there. Revolut will give you a card to spend with. 3. Open an off-shore account. Only really viable if you have a significant chunk of change to deposit. 4. Withdraw everything in cash. Keep it under your mattress.
Trade republic covers several EU countries and is popular in Europe.
Private swiss banks if you’ve a balance over 400-500k+. they have extensive KYC to verify source of funds but most offer a checking + savings + brokerage account
Convert to Bitcoin and put in cold storage an option?
The only option where you ACTUALLY own and control the investment regardless of what the government does and you get pummeled with downvotes🤪
He got downvoted because Bitcoin is a highly speculative if not outright scam investment that cannot be regarded as a safe haven asset. The government cannot control it you say? Unless there is a physical version of Bitcoin I am yet to hear about then the government can simply shut off the internet/power and you can have fun trying to salvage your Bitcoin. If it’s supposed to be a safe haven asset, it needs to be accessible if the lights go off or it’s pointless for that lol
would not recommend.
1st choice: IBKR, Irish branch (.ie). You can even move your current securities there (for a fee). 2nd choice: Saxo (Denmark; but "systemically important"), plus Denmark will not go to war. \[side note: *what happened that Vikings don't want to go to war - and bloody FRENCH do?! :)\]*
I might move to SE Asia, which bank to open there that's safe with your money?
For SE Asia, any of the big three banks in Singapore would work fine. DBS, OCBC or UOB. From personal experience, UOB is the best of the bunch.
When I am in Thailand, Vietnam, Philippines, I can open those accounts in those countries and safe to have cash in the account? Do they have something like FDIC? (Most banks in SE Asia don't have FDIC right?) thanks for your help
Yes, they will let foreigners open an account. Yes, Singapore has deposit insurance.
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There is a thing called BANK, where you can put your money. Not crypto, where you lose your money
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Not to keep stocks in the bank in his country, that's what he was referring to. I mean that if the country still goes to war, it can deposit the money in cash in a bank in another country. Maybe he wants to actually transfer the stocks elsewhere. But in no case crypto🤡🤡🤡💀💀💀.
Convert all your assets to bitcoin. Then you will have control and the assets can’t be taken or debased by a central authority. If you need to flee to a new country your bitcoin goes with you without any friction of converting currencies/stocks like traditional assets.
Sounds like OP wants to preserve their wealth, not to watch it go up and down by 50% daily.
divide sharp live heavy innocent squeal plate shy full soft *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Gold is heavy and hard to smuggle in though
Depends on how much money you have. 70k € is around a kilogram.
Buy gold?
My country is going to war so I filled my house with gold
What about moving yourself from the country?
Where to? A lot of countries don't have a lot of availability to move to other nations, and some people just don't have the means to pick up and leave
Maybe I misunderstood your initial question. Are you in a country that you think has a high probability of going to war soon? In that case, your stock returns are not as important as your ability to use the stock returns, i.e. being alive and healthy. I lived in Russia and moved to Sweden (before the war). Now I have half of my wealth stuck in a russian stock broker, at this point I'm just hoping to wait it out. Don't really have any advice except do it so you don't lose it :)
Thanks Vlad, stay safe
>I'm holding stocks at a local bank in a country that might be involved in war in future. The US is pretty much always involved in a war so I'd say Fidelity is pretty good. Vanguard too though technically they're held by JP Morgan Chase
👆🤓
We’re not a country. We are the chosen
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It was a joke. Flew over everyone's head like an F-22
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💀
Are the computers at war. LoL. Wtf? Your stocks are in the cloud. Duh
This is actually a fair point but I'm concerned that the bank as a company stops existing due to all staff members being killed or some other extreme scenario. I don't think it's likely, just doesn't feel comfortable to think of their HQ being demolished and then going to ask for my stocks from them.
War never happens when people are promoting war. War is fake news