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For example, people in the US who owned stock in German companies in 1941. Have there been other examples other than Germany?

Are there any investment strategies that would protect assets in case of war? Please give examples of strategies that have been tested in the past.

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    The assets were probably frozen, and unfrozen after the war. If the company still exists afterwards, you'd still own that fraction. – RonJohn Oct 8 '19 at 18:32
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    @RonJohn: That seems like an answer to me... :) – sharur Oct 8 '19 at 18:41
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    @quid you're thinking "middle class". Think upper class instead, like someone who owns a mid-sized urban bank. – RonJohn Oct 8 '19 at 20:24
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    Yep, both sides could do that. So I guess killing each other is ok, but confiscating each other's money is going too far! – NL3294 Oct 8 '19 at 20:43
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    I'm voting to close this question as off-topic because it is an open-ended, hypothetical question. Please see money.stackexchange.com/help/dont-ask – Chris W. Rea Oct 9 '19 at 0:10
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There are a number of potential risks if tensions are high even if war does not occur. Sanctions could force divestment, the other country may nationalize the company, etc.

The nationalization of oil companies in Venezuela is one example.

https://www.reuters.com/article/us-venezuela-nationalization/venezuela-seizes-operations-from-oil-majors-idUSN0149302220070501

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