Edit: update I decided on a CD. I may do an index fund in the future. This was a short commitment and easy to understand. Thanks everybody.

  • Fonzie!
    3•3 months ago

    Or that, yes.
    Even if you suddenly cash out a lucky 10 000 USD once, a lot of countries’ income requirements still filter you out

    • @otter@lemmy.dbzer0.comEnglish
      0•3 months ago

      Going about it that way is like brute forcing a password. There are myriad other solutions, and necessity is the mother of invention.

      • Fonzie!
        1•3 months ago

        I’m not sure what you mean by that, so just to clarify what I meant: A lot of countries require you to prove you have a sustainable income, so showing them you’ve earned 2500-3000 EUR every month for the past three years, and that you already have a contract waiting for you in their country, works. Showing you received 10 000 USD once when you can’t prove a sustainable income won’t do.
        This makes it hard for people to move just because they got lucky with money once.

        I’m not saying it’s a good thing or not, just that this is the case.