How To Prepare For The Next Lockdown

With never-ending news coverage of the chaotic world, you’ve no doubt heard about second and even third lockdowns in cities, states and countries. On January 5, 2021, the UK announced its third lockdown could extend until the end of March. And in the same article, Germany plans on continuing their second lockdown through the end of January.

Doctors around the world banded together to sign the Great Barrington Declaration offering a different approach than most governments are taking. Worried about the physical and mental health caused by lockdowns, these doctors suggest “Focused Protection.”

Whatever your feelings are about another lockdown or if a previous lockdown affected you, a couple of things may come to mind:

-How to prepare for a lockdown?
-What to do during a lockdown?

How To Prepare

An article on Financial Samurai gives some fun and practical ideas to aid your preparation. 

He suggests taking a vacation, even if it’s just a short drive where you spend a night or two away. Taking a short trip will “get the vacation bug out of your system before the lockdowns begin.”

“You can look back and say at least you took a vacation. This way, you won’t be as frustrated or angry at the situation or the government.”

Some other great ideas are to stock up on necessities, visit all your healthcare providers, including your dentist and optometrist. 

“Get your annual checkup before the lockdown. This way, you can figure out if there’s anything wrong with you and treat the symptoms. Go to whatever type of doctor you need to treat a health issue. Once a lockdown occurs, it may be much harder to schedule an appointment.”

You can also find a better place to live, if you realized during the first go around how much you hated the views from where you live. 

And you can see your loved ones. There’s nothing like a lockdown to realize you care about or miss someone.

Suggested Activities During A Lockdown

Use your time at home for many rewarding and beneficial activities. Have you thought about starting a side hustle? Type in a few words on your favorite search engine and you’ll see plenty of suggested options. Millennial money man offers several ideas to make an extra $1000 or more per month. 

It may be very helpful to review your investments. In March 2020, the stock market dropped 32% and you may have taken a hit. It’s possible it can happen again. Were you okay with such a massive decline? If not, let iFlip show you a better way.

Related: The Performance Study of 2020 Crash

Unlike online financial planners or robo investment advisors, iFlip’s A.I. SmartFolios use machine learning back-end technology to drive and manage your stock investments. This goes beyond simply holding your money in a brokerage account, allowing it to ride the ups and downs of the market.

With the best algorithmic trading software and machine learning, A.I. SmartFolios buy, sell and hold your positions based on market risk. Valuing safety, preservation and growth for their client’s investments, iFlip’s most popular A.I. has saved an average 24% across eight market crashes.

When the market (think: S&P 500) lost 35% in March 2020, iFlip investors saw a drop of only 9%! After decades of crash experience, iFlip developed an A.I. for their SmartFolios, incorporating automated trading software with the power to preserve, protect and grow your wealth.

Wouldn’t you rather have that protection? Much better than facing a massive decline in your investment. 

iFlip’s A.I. SmartFolios are available for all types of investors, whether you have $200 to invest or $2 million. Use the algorithmic trading software on many devices, including iFlip’s best stock market app for android and iOS. 

Learn more when you check out everything iFlip has to offer. Investing and personal retirement planning that is better, easier to use and costs less.

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Past performance is not indicative of future performance. iFlip data results assembled using various Flip algorithms applied to the equities listed on this webpage (if any). Results compiled for each equity and each algorithm assume a 10,000 initial investment beginning on Jan 1st 2005. All iFlip price assumptions are based on the opening price of each day as found in Yahoo finance. Yearly NAV data points compiled by compounding annual returns using standard year over year accounting. S&P500 results are derived using the SPY as a proxy. The data on this webpage is not intended as a solicitation. Always seek professional advice for suitability.

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