All over the world, human life expectancy has skyrocketed. Compared to the 1950s, it has increased by 50% and compared to the 1980s, it has increased by 30%. Gone are the days when only corporate-sponsored pension plans were enough to make the golden age go smoothly and worry-free.
Nowadays, with the rise of other expenses such as housing, education, health care, it is becoming more and more difficult for many people to save for retirement.
Unfortunately, the bitter truth is that people of all generations are not saving enough for retirement. Saving is one of the few epic crises in the world.
“Retirement is complicated. It’s never too early or too late to start preparing for your retirement.”
Thus, people are looking for alternative options that offer greater benefits in the short term. Traditionally, real estate, private equity, and venture capital were wanted. Now, a new and additional investment to make money and make money has been introduced with photography: enter cryptocurrencies.
Cryptocurrency Investments – For those who don’t want to put all their eggs in one basket
One of the biggest advantages of investing in cryptocurrency is that it decouples your wallet from reserve currency. Say, if you live in the UK, you will have shares of UK-based companies in your retirement portfolio if you are in the stock. What will happen to your wallet if the British pound falls? And given the current volatile political scenario around the world, nothing is certain.
Therefore, cryptocurrency investments make the most sense. With digital currency investments, you are creating a digital currency basket that works as an effective hedge or as a safe bet against the weakness of the reserve currency.
The average investor should only allocate a small portion of their retirement assets to cryptography because of their volatility. But instability can cut across two lines: think of the health stocks of the 1950s and the technology stocks of the 1990s. It was the smart early investors who made it big.
Don’t leave it behind or miss it. Incorporate cryptography into your assets to really start building a diversified portfolio.
Cracking the Wall – Build Your Confidence Cryptocurrencies
One of the biggest and most important hurdles that most cryptocurrency investors face for the first time is that they can’t trust digital currencies. Many people, especially those who are not tech savvy or close to retiring, do not realize what promotion is. Unfortunately, they do not own and value cryptocurrency.
The reality is – cryptocurrencies are one of the most trusted assets, backed by the latest technology. Thanks to blockchain technology that promotes digital currency, it is possible to trade instantly and indelibly without third-party verification. It is a peer-to-peer system that is fully open and runs on advanced cryptographic principles.
Retirement Planning Funds should work to demystify Cryptocurrencies
To build trust and gain people’s support, retirement planning funds need to educate investors about the endless capabilities of cryptocurrencies. To do this, they need reliable risk analysis, risk / return measurement and advanced analytics that help provide projections.
In addition, investment firms can set up specialized cryptocurrency advisory services to support and guide new investors. In the coming years, a number of intelligent AI-based smart advisors are expected to appear; these will help to calculate the right investments based on the individual’s time horizon, risk tolerance, and other factors.
Human counselors can work alongside these smart advisors and provide clients with personalized consultation and other suggestions when needed.
More visibility and the need for comprehensive control
Retirement investors who want to add cryptocurrencies to their asset portfolio need more control and visibility while experimenting with this new asset. Find platforms that allow you to combine all your assets in one place. An integrated solution that allows you to manage and balance all your assets, including traditional stocks such as bonds and stocks, with new asset classes, such as cryptocurrencies.
Having such a broad platform that supports all your assets gives you a full portfolio analysis that will help you make better and more informed decisions. That way, you’ll be able to save money on your goals faster.
Look for investment planning portals, both scheduled and unscheduled, that also offer additional features such as regular contributions to the cryptocurrency.
Advances in cryptocurrency investment support technologies
Investing in cryptocurrency will become commonplace only when support technology allows investors to trade currencies perfectly, even when new investors are unaware of their knowledge. It should be possible to exchange one digital currency for another, or even for fiat currency and other non-tokenized assets. When this is possible, the mediator will remove them from the equation and, as a result, the costs and additional fees will be reduced.
With the maturity of technologies that support investment and trading in cryptocurrencies, the value of digital currencies will increase even more as the currency prevails with wider accessibility. This means that first-time users will make a big profit. As more and more retirement investment platforms integrate cryptocurrencies, the value of digital currencies will increase, offering great profits to first-time users like you.
If you’re wondering if retirement investment platforms will take a few years to see the light of day, then you’re wrong. Auctus is a portal like this that is currently in the Alpha launch phase. It is the first retirement wallet platform to include digital currency. Auctus users can get investment advice from both human and AI-driven analytics tools.
For now, users can save for retirement using Bitcoins, Ethereum and many other digital currencies. In addition, users can use the Automated Rebalance feature, which allows them to automatically adjust their portfolio using a set of pre-set rules.
This holistic approach ensures that users can achieve their retirement goals earlier by making the right investment options or decisions.
Recent Thoughts – Cryptocurrencies should not be left out of your wallet
Yes, it is true that cryptocurrencies are very volatile. In fact, there are speculations on the Internet that “cryptocurrencies are just a quick get-rich-quick scheme” and that the bubble is likely to burst sometime in the near future.
Uncertainty doesn’t mean that cryptocurrencies shouldn’t be part of your retirement portfolio, even with short investment periods. On the other hand, the current decline in cryptocurrency prices in 2018 means that you have a rare chance of making a profit.
Greater confidence, holistic and directly controllable investment management capabilities, and advances in support technologies ensure that digital currencies are a great investment opportunity to fit into your retirement portfolio.