4 money moves to make in response to the events in Venezuela

To get in on the action, you can invest in gold IRAs, which let you hold physical gold inside a special retirement account that offers the same tax benefits as a traditional IRA — like tax-deferred growth. This way, you can diversify your investments without having to store or secure the metal.

Goldco, a precious metals company specializing in gold and silver IRAs, has no minimum purchase requirement, whereas other firms typically require investments of $10,000 or more. It also offers a high buy-back guarantee to help ensure competitive rates when you sell. Some promotions, including offers of up to 10% back in free silver, apply only when certain purchase minimums are met.

Meanwhile, shares of oil companies — including Chevron, Exxon Mobil and SLB — have seen their stock prices surge amid a larger stock-market rally. SLB was up 8.5%, while Chevron and Exxon Mobil shares rose 6.4% and 3%, respectively, as of Tuesday morning.

If you have investments in an S&P 500 index fund — a mutual fund or exchange-traded fund that tracks the U.S.’s biggest publicly-traded companies — you likely have some exposure to these oil companies. If you want more, you can find it via trading platforms.

We like Robinhood for its easy-to-use online interface and its $0 minimum deposit requirement. Fidelity also stands out for its no-commission fee trades on stocks, ETFs and options, as well as the ability to pick from over 3,400 mutual funds without transaction fees.

Over the past few months, gas prices have been steadily falling. On Tuesday, the national average for a gallon of regular gasoline was $2.81, according to AAA.

Whether oil prices surge or remain unchanged, you shouldn’t discount comparison shopping. Apps like GasBuddy make it easy to find the cheapest gas near you and show you the best local prices on a map.

Most Americans probably don’t need to overhaul their investing strategy, even in light of the news.

After all, stunning events similar to the one in Venezuela have historically had little impact on the stock market. And, when you consider the decades it takes most people to save for retirement, these ups and downs tend to smooth out over time. For most Americans, keeping a steady investment strategy starts with saving and investing for retirement in a 401(k) or IRA.

Whether you have a high risk tolerance or not much at all, you likely have some emotions tied to seeing your money fluctuate. To set your investing up for success, ideally, create a set-it-and-forget-it approach. Not only does this strategy mean that investing for the future is one less thing on your to-do list, but it also means that you can let your investments weather the changes without having to pay attention to every up and down.

Using your workplace 401(k) or your own IRA could help insulate your investing from your emotions. With a 401(k) plan, a percentage of your pay is automatically deducted and set aside for investing, typically in a target-date fund that adjusts your investments to the year you expect to retire. For those who don’t have access to a 401(k) at work, or who want more control over investment options, using an IRA could be the right fit.

For an IRA that you can start, fund and forget about, we recommend Betterment and Wealthfront. Both companies offer automated portfolios that base your investments on your financial goals and risk tolerance.

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