Personal Finance & Money Asked by Incömplete on July 12, 2021
Say that I’m a citizen of country A, I want to save all my personal savings (obtained in A legally) in another country B (I don’t care about the currency, as long as it’s relatively stable), and I cannot open a bank account in B (Most of B’s bank require you to be a B’s citizen of some sort, or in the case of Bank Of America, it requires you to visit a physical branch to open a NRA account which I cannot do given the Covid-19 situation), however I can open a international broker account (those for trading stocks, funds etc).
My question is:
I’m ok with fees, the reason I’m doing this is that I don’t have confident in A’s economy, the inflation has already started.
I don’t have experience in tradings, and I’m not interested in it, just want so secure my savings.
Things I’ve tried and failed:
Preferably B should not be US.
This answer was written before the author stated that US is not preferred.
Answered by base64 on July 12, 2021
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