What may I miss here?

You touched on this in a later post, but on the higher risk part of the spectrum, the possibility of currency / asset flow controls being imposed on US financial institutions is IMO very high as the USG proceeds with destroying as much of "the economy" as it can get away with while alienating everyone else on the planet except, perhaps, Netanyahu. Having AUD in an IBKR account would make little difference if IBKR is forced to prevent people from moving assets out of their accounts unless Australia kowtows to the latest extortion demands placed on it.

Personally I'm looking to put at least 10 years' living expenses into EU bank accounts before leaving for Portugal in a few weeks. Hopefully can find something better to do than leave it as dead money in a bank account, once I can learn something about EU investment options, but just *having* the money available and outside the whim of the US Treasury and State Department feels very important to me given that I'm committing my future to the EU, anyway. And selling off a significant fraction of BRK now is better than paying 28% capital gains taxes in PT later.

Berkshire Hathaway FAQ

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