The life expectancy of people all over the world has increased by leaps and bounds. Compared to the 1950s, it has increased by 50% and compared to the 1980s, it has increased by 30%. Gone are the days when a company-sponsored pension plan alone was enough to make one’s golden age comfortable and worry-free.
Today, with the increase in other expenses like housing, education, healthcare and much more, many people are finding it increasingly challenging to save for their retirement.
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Unfortunately, the bitter truth is that people of all generations, from baby boomers to millennia, are not saving enough for their retirement. Savings are the lowest rated among the epic crises of the world.
“Retirement is complicated. It’s never too early or too late to start preparing for your retirement.”
Thus, people are striving for alternative opportunities that provide higher returns in their short time. Traditionally, he wanted real estate, private equity and venture capital. Now, a new and more extra money and profitable investment has joined the picture – enter cryptocurrency.
Cryptocurrency investing – for those who don’t want to put all their eggs in one basket
The biggest advantage of cryptocurrency investing is that it decouples your portfolio from reserve currency. Say, if you are in the UK, you are bound to have shares of UK-based companies in your retirement portfolio, if you are in equity. What will happen to your portfolio if the British pound crashes? And given that, today’s volatile political landscape around the world, nothing is certain.
Therefore, cryptocurrency investing is most meaningful. By investing in digital currency, you are effectively creating a basket of digital coins, which acts as an effective hedge or safe bet against reserve currency weakness.
The average investor should allocate a small portion of his retirement assets to crypto, due to its volatility. But, instability can be reduced in both ways – think back to 1950s healthcare stocks and 1990s technology stocks. Smart early investors have made it big.
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Don’t back down or lose. Include crypto in your resource to start building true, diverse portfolios.
Wall Cracking – Build your confidence in cryptocurrency
One of the biggest and biggest hurdles for first-time crypto investors is that they can’t trust digital currency. Many, especially those who are not technology-conscious or close to retiring, do not understand what publicity is. Sadly, they fail to grasp and realize the myriad possibilities of cryptocurrency.
The reality is – cryptocurrency is one of the most reliable assets, supported by the latest technology. Blockchain technology that powers digital currencies makes it possible to trade instantly and indefinitely without the need for third-party verification. It is a peer-based system that operates on a completely open and advanced cryptographic principle.
Retirement planning funds should work on demistifying cryptocurrencies
In order to build trust and win the support of individuals, retirement planning funds must educate investors about the endless possibilities of cryptocurrency. For this they need advanced analysis which helps in providing reliable risk analysis, risk / return metrics and estimates.
In addition, investment firms can set up specialized cryptocurrency advisory services to help and guide new investors. In the years to come, one can expect the presence of several smart AI-based advisors on the scene – these will help an individual calculate the right investment based on time horizon, risk tolerance and other factors.
Human advisors can work with these intelligent advisors and provide clients with personal advice and other advice as needed.
More visibility and extensive control is needed
Retired investors who want to add cryptocurrency to their asset portfolio need more control and visibility when experimenting with these new assets. Find platforms that allow you to put all your resources together in one place An integrated solution that enables 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 a comprehensive platform that supports all your resources gives you an overall portfolio analysis, helping you make better and more informed decisions. As a result, you quickly reach the ultimate goal of saving for your goals.
Look for investment planning portals that also provide additional features such as periodic contributions to cryptocurrencies at fixed or indefinite intervals.
Advances in supportive technologies for cryptocurrency investing
Cryptocurrency investing will only become mainstream when supportive technology makes it possible for investors to make smooth currency transactions, even for new investors who don’t know. The exchange of one digital currency should be possible for another, even for Fiat currency and other non-tokenized assets. When possible, this will eliminate intermediaries from the equation, reducing costs and additional fees.
With the maturity of technologies that support cryptocurrency investing and trading, the value of digital currency will increase further, as currencies move into the mainstream with wider accessibility. This means that the initial recipients are there for a huge profit. As more leisure investment platforms integrate cryptocurrencies, the value of digital currency is bound to increase the offer of significant profits to early adopters like you.
If you are wondering if such leisure investment platforms will take a few years to see the light of day, then you are wrong. Octas is one such portal that is currently in the alpha stage. It is a first-of-its-kind leisure portfolio platform that incorporates digital currency. Octas users can get investment advice from both human and AI-powered analytics tools.
For now, users can save for leisure using Bitcoin, Etherium and various other digital currencies. Additionally, users can use the automatic rebalancing feature that allows them to automatically adjust their portfolio using a set of default rules.
This overall approach ensures that users can achieve their retirement goals earlier by making smart and right investment choices or decisions.
Latest Thoughts – Cryptocurrency should not be neglected in your leisure portfolio
Yes, it is true that cryptocurrencies are highly volatile. In fact, there are speculations on the Internet that suggest that “cryptocurrencies are nothing more than a quick-risk scheme” and that the bubble is likely to burst at some point in the near future.
Uncertainty does not mean that cryptocurrencies should not be part of your retirement portfolio, even if you lower the horizon when investing. On the other hand, the current downturn in cryptocurrency prices in 2018 means you have a rare opportunity to make a profit.
Greater trust, the ability to manage overall and directly controllable investments, and advances in supportive technology ensure that digital currencies make an excellent investment choice to include in your leisure portfolio.