Preparing for a crash
In an interview with New York Magazine's Intelligencer last year,Spitznagel likened the Fed's “constant monetary intervention” to forest fire suppression.
He went on to say “when you suppress it enough, it gets to a point where you can no longer afford to have any fires burn because they would be too big and too intense.”
That’s where the U.S. economy is at, according to the hedge fund manager.
If Spitznagel’s dire market predictions come true, you really don’t want to have all of your eggs in one basket — because that basket could easily go up in flames.
Diversifying your portfolio with a mix of assets — including stocks, bonds, real estate, and other alternative assets — will help you spread your risk and secure your money.
Gold
Gold has long been touted as a safe haven asset during market uncertainty.
Amid persistent inflation, gold prices have reached new heights, now standing at around $2,338 per ounce.
Goldco, can help you open a Gold IRA to help preserve your retirement fund.
This tax-advantaged retirement account can help you stabilize your finances by allowing you to invest directly in physical precious metals rather than stocks and bonds.
Real estate
If you’re looking to get into the real estate game, platforms like First National Realty Partners(FNRP) lets you take advantage of the sector with professionally-vetted deals.
FNRP gives you access to necessity-based real estate — such as grocery stores or healthcare facilities. That means the properties are essential to the local community, often leased by national brands, and likely to remain desirable.
Once a deal is closed, FNRP’s team of experts manages the property, so you can focus on finding more deals you love.
More stock market alternatives
If you’re looking to diversify your portfolio outside of real estate, consider an alternative asset like fine art. Masterworks is making this inflation-hedging asset — which has historically been reserved for the ultra wealthy — accessible through their platform.
With Masterworks, you can purchase shares of iconic works of art and benefit from their diversifying ability, without needing to shell out millions of dollars at an auction.
It can also pay to keep some cash on hand. Cash reserves in your portfolio could be the difference between you holding fast through market turmoil or you having to sell your investments at a loss.
