In Jules Verne’s Around the World in Eighty Days, Phileas Fogg, a wealthy mathematician, wagers that his calculations show he can circumvent the globe in, as the title says, 80 days. That timeframe is roughly the period from now until Inauguration Day. Elections are front of mind for many investors, but Nov. 3, 2020, is hardly the end of the risks facing investors and the political uncertainties can last much longer, perhaps even 80 days.

Economists and soothsayers can be far too sure of their visions. Instead, like the protagonist in Verne’s epic adventure Phileas Fogg, we rely on math to drive investment decisions. Here is what we know for sure: the fastest bear market in history recovered to new highs in five months thanks to massive fiscal and monetary stimulus. The result is nosebleed levels of federal debt the likes of which have not been seen since World War II. Regardless of who is sworn into office 80 days from now, taxes are not going down. For this reason, we strongly recommend municipal bonds for a safe allocation in investor portfolios. Municipalities are weaker than they were, but default risk is still low and the tax benefit can’t be beat.

Also, look outside the U.S. for upside potential. South Korea is the gold standard for economic, political and any other risk that comes along. A broad country index like EWY is a terrific way to participate in the quick bounce-back that country is showing.

Remember our Four Horsemen of the Apocalypse—four metrics to watch as indicators of pending economic contraction? Inversion of the 10-2 Treasury yield curve has always preceded recession in the U.S. by six months. That inversion occurred in August 2019 with spooky accuracy in foreshadowing the recession that started here in February 2020. It is not too early to step into assets that will benefit from an economic rebound, but don’t ignore risk. High-yield corporate bonds offer the yield that can cushion downside while correlating highly with stock gains.

In summary, while we don’t know what will happen in the next 80 days between now and Inauguration Day, municipal bonds, emerging markets countries like South Korea and high-yield corporate bonds are three ways to invest productively in the midst of political risks.

Terri Spath is chief investment officer at Sierra Investment Management.