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  • brewery@lemmy.world
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    2 months ago

    Exactly. I’m already thinking about pulling my pension pot out of any US investments. It’s a tiny amount but maybe we can start a movement to keep pension investments in countries and systems you believe in, not whatever mix are typically used

    • thanksforallthefish@literature.cafe
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      2 months ago

      Given there is going to be serious economic disruption there is a lot be said for diversifying your assets. If most of your assets are currently in the US moving your pension fund into assets held outside it is a strong de-risking move, particularly if you can move it out of the country totally using a foreign prover provider as well as holding non-US assets(not sure if that last is legally possible, don’t know much about your pension system).

      Note you may get poorer performance - it’s really up in the air just yet what the short term impacts will be economically (depends what King Mango ends up deciding, it’s mostly speculation right now)

      Edit for typo

    • jaemo@sh.itjust.works
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      2 months ago

      Canadian. I’ve divested 100% of my meagre savings out of us stocks. USA is not a reliable trading partner, or a leader in anything anymore except deceit.