How to protect your finances from political upheavals?

[deucher]

I am very interested in how this can be done, because political changes can also affect you, and especially your funds, because of which the Russian bank can suffer. Does this mean that you need to keep all your funds in private banks and will this provide you at all, because if there could be a very serious political problem, then it seems to me that the entire financial system may suffer and even a private bank will not be able to protect your funds.

[Timgab]

It's understandable to be concerned about political changes impacting your funds, especially with the potential risks to banks, including private ones. While private banks may offer some level of protection, serious political issues could indeed disrupt the entire financial system. Sometimes distributing your funds across different assets and institutions, including private banks, can be a strategy to mitigate risk, but above all, stay informed and adaptable in times of abnormality such as abovementioned.

[Rita]

I diversify investments across various sectors and geographic regions. I stay informed about global events and their potential impacts on markets. By maintaining a balanced portfolio of assets like stocks, bonds, and precious metals, I mitigate risks associated with political instability. I keep emergency funds readily accessible and consider investing in assets less susceptible to political turmoil, such as stable currencies or real estate in stable jurisdictions.