All over the world, life expectancy has increased dramatically. It has increased by 50% compared to the 1950s and by 30% compared to the 1980s. Gone are the days when company-funded retirement plans were enough for a person to spend their golden age comfortably and without worries.
Today, with the increase in other expenses such as housing, education, health care, and more, many people are finding it increasingly difficult to save for retirement.
Unfortunately, the bitter truth is that people of all generations, from baby boomers to millennia, are not saving enough to retire. Savings are one of the most valued epic crises in the world.
“Retirement is complicated. It’s never too early or too late to start preparing for retirement.”
Thus, people try to look for alternative opportunities that bring them higher income in a shorter period of time. Traditionally, real estate, private equity and venture capital were required. Now a new and more money-making and profitable investment has joined the picture – enter cryptocurrencies.
Cryptocurrency Investments – For those who do not want to put all their eggs in one basket
One of the biggest advantages of cryptocurrency investing is that it separates your portfolio from reserve currencies. Let’s say that if you live in the UK and are engaged in capital, you will have shares in companies in the UK in your retirement portfolio. What will your portfolio look like if the British pound collapses? And given today’s changing political scenario around the world, nothing is certain.
Therefore, cryptocurrency investments are the most significant. With digital currency investments, you effectively create a basket of digital coins that acts as an effective hedge or safe bet against a reserve currency vulnerability.
The average investor should allocate only a small part of his pension assets to cryptocurrency due to its volatility. But instability can reduce both ways – remember the health stocks of the 1950s and the technological stocks of the 1990s. The smart first investors were the ones who made it big.
Don’t be left behind or lost. Incorporate cryptocurrency into your assets to start building a truly diverse portfolio.
Break the wall – Increase your confidence in cryptocurrencies
One of the biggest and main obstacles for first-time cryptocurrency investors is their inability to trust digital currencies. Many people, especially those who do not have technological knowledge or are about to retire, do not understand what a promotion is. Unfortunately, they do not understand and appreciate the innumerable potential of cryptocurrency.
The reality is that cryptocurrencies are one of the most reliable assets supported by the latest technology. Blockchain technology, which strengthens digital currencies, allows for immediate and indelible trading without the need for third-party verification. It is a peer-to-peer system that is completely transparent and works on advanced cryptographic principles.
Retirement Planning Funds Must Work on Demistifying Cryptocurrencies
To build trust and gain the support of individuals, pension planning funds need to inform investors about the endless potential of cryptocurrencies. To do this, they need advanced analytics to help them provide reliable risk analysis, risk / return metrics, and forecasts.
In addition, investment firms can set up specialized cryptocurrency advisory services to help and guide new investors. In the coming years, we can expect a number of smart consultants based on artificial intelligence to appear on the scene – they will help to calculate the right investment based on the individual’s time horizon, risk tolerance and other factors.
Human advisors can work with these smart advisors and provide individual advice and other suggestions to clients as needed.
Need more visibility and comprehensive control
Retirement investors who want to add cryptocurrency to their asset portfolio need more control and visibility when experimenting with this new asset. Look for 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 assets such as bonds and stocks, with new asset classes such as cryptocurrency wallets.
Having such a comprehensive platform that supports all your assets gives you a unified portfolio analysis that helps you make better and more informed decisions. This way, you reach your ultimate goal faster, such as saving for your goals.
Look for investment planning portals that provide additional features such as periodic contributions to cryptocurrencies at scheduled or unplanned intervals.
Advances in Cryptocurrency Investment Support Technologies
Cryptocurrency investment will become a key area only when supporting technology makes it possible for investors, even new investors unfamiliar with know-how, to trade coins without problems. It should be possible to convert one digital coin into another, even fiat currencies and other non-token assets. Whenever possible, this will eliminate intermediaries from the equation, thereby reducing costs and surcharges.
With the growth of technologies that support cryptocurrency investments and trading, the value of digital currencies will increase, as currencies become more widely available. This means that early adopters will reap huge benefits. As more and more pension investment platforms integrate cryptocurrencies, the value of digital currencies is forced to increase, offering significant gains to early adopters like you.
If you are wondering whether such pension investment platforms will take several years to see the light of day, you are wrong. Auctus is one of such portals currently in the Alpha phase. This is the first type of pension portfolio platform that combines digital currencies. Auctus users can get investment advice from both human and artificial intelligence analytics tools.
Currently, users can save for retirement using Bitcoins, Ethereum and a number of other digital currencies. In addition, users can use the Automated rebalancing function, which allows them to automatically adjust their portfolios using a predefined set of rules.
This holistic approach allows users to achieve their retirement goals faster by making smart and sound investment choices or decisions.
Recent Thoughts – Cryptocurrencies should not be overlooked in your retirement portfolio
Yes, it is true that cryptocurrencies are very volatile. In fact, there are speculations on the Internet that “cryptocurrencies are nothing more than a quick-get scheme,” and the bubble is likely to explode in the near future.
Uncertainty does not mean that cryptocurrencies should not be part of your retirement portfolio, even if your investment time is short. On the other hand, the current decline in the prices of cryptocurrencies in 2018 means that you have a unique opportunity to make a profit.
Greater confidence, integrated and directly managed investment management capabilities, and advances in supporting technologies make digital currencies the perfect investment choice to include in your retirement portfolio.