Are you tired of this pandemic yet? And, what about this seemingly never-ending inflation?

At times like these, it can be hard to see a silver lining, but we’re here to help guide you on how to keep your financial portfolio thriving.

Last week, we covered the first three tips you can follow to find clarity during the chaos and get your investments on the right track, including 1. taking inventory, 2. goal setting, and 3. starting from zero. 

Whether your portfolio got caught napping, or you’ve been sitting on the sidelines in cash for years, here are more tips to help you along the way:

Tip #4 Keep Liquid Reserves

Liquid reserves mean money that is available and accessible in a short time frame — usually under three days. 

Examples include savings, money market accounts, “conservative” mutual funds, and my favorite – precious metals. A less liquid account would include other “paper” assets in a brokerage account such as stock stocks and ETFs.

As volatile as things are now, they can get worse.

Events like The Great Recession of 2008, the Gold Rush, the DotCom Boom and Bust, and now, this Great Pandemic, don’t happen often, but when they do, it’s clear there will be BIG opportunities for those who are prepared.

A general rule would be to have AT MINIMUM 5-10% of assets liquid and ready to deploy.

Tip #5 Cash on Hand

Having cash on hand is different from being liquid. I mean actual, physical cash, (in small denominations) for at least 3 months’ worth of expenses.

On March 24, 2021, the FDIC asked people to remain calm and not to remove large amounts of cash. The last time this happened was in 2008. Besides, it’s not like it’s earning much interest in your savings. But more on that another day…

Tip #6 Buy Real Assets

Real assets include things like real estate, land, equipment, natural resources, commodities, and physical precious metals. With the stimulus packages / money printing, there isn’t a clear end to this inflation horror we’re enduring. When the financial reset comes, either as soon as the next election cycle or decades from now, you’ll be glad you considered investing in tangible assets.

An easy place to start is with 3-5% of your liquid net worth in physical gold and silver. Personally, I buy from American Gold Exchange, but you can use any reputable dealer.