Hong Kong and geo-diversification

[Ad Orientem]

I've made the point in various discussions over the years that HK is NOT suitable for geographic diversification of assets because irregardless of paper guarantees, it was a part of the PRC which is an authoritarian police state where the term "rule of law" is a joke. Whatever liberties it enjoyed, it did so entirely at the sufferance of Beijing. It now appears that those guarantees are no longer being honored even on paper.

https://www.nytimes.com/2020/04/18/worl ... rests.html

[Smith1776]

Right. The flip side is that what's happening in Hong Kong is a great reminder that one should always geographically diversify their assets. This is the case regardless of how safe one's home country may seem at the time of initial investment.