How do individuals avoid financial risks under the background of epidemic situation?

1, keep your job. When the financial crisis came, the tide of closing stores and unemployment followed. For most people, the most important thing is to keep their jobs. If it is a job, we must do everything possible to keep it and ensure a basic source of income and a basic life. Don't start a business blindly and don't jump ship blindly. When the financial crisis comes, you will have more income and more opportunities.

2 sell investment assets. Reduce investment in high-risk assets such as stock market, futures and foreign exchange to prevent unnecessary losses. If you hold too many properties, you can sell some properties in advance to get enough cash flow. If you buy a house with a loan, you should sell part of the property to reduce leverage.

3. Hold basic cash. When the financial crisis comes, all kinds of risks follow, and cash is king, which fully reflects. At this time, holding cash is relatively safest.

4. Do a good job of risk hedging. If you have spare money, you can buy some gold or valuables with strong resilience to hedge the risk of asset shrinkage.

5. Reduce expenses. As income declines, uncontrollable factors will also increase, so we should reduce all expenses and avoid taking advantage of loopholes. Lower living standards, cut expenses and expenses, try not to eat what you can eat and try not to buy what you can buy.