Worldwide, human life expectancy has increased exponentially. This is an increase of 50% compared to the 1950s and 30% compared to the 1980s. Gone are the days when company-sponsored pension plans were enough to live one’s golden age comfortably and without worries.
Today, with other costs such as housing, education, health care, and more rising, many people find it very challenging to save for their retirement.
Unfortunately, the bitter truth is that people of all generations, from baby boomers to millennials, are not saving enough for their retirement. Savings is one of the most underestimated mythical crises around the world.
Retirement is Complicated: Preparing For Your Retirement Is Not Too Early Or Too Late
Therefore, people are looking for alternative opportunities that will provide higher returns in a shorter period of time. Traditionally, real estate, private equity, and venture capital are required. Now, make new and more extra money and join the cryptocurrencies joined in the profitable investment picture.
Cryptocurrency Investment – For Those Who Do Not Want To Keep All Their Eggs in One Basket
One of the biggest benefits of cryptocurrency investing is separating your portfolio from reserve currencies. If you live in the UK, you will have shares of UK-based companies in your retirement portfolio if you are inequities. What will happen to your portfolio if the British pound crashes?
Looking at today’s volatile political scenario around the world, nothing is certain.
Therefore, investing in cryptocurrency makes a lot of sense. With a digital currency investment, you are effectively creating a basket of digital coins that can serve as an effective hedge or safe bet against reserve currency weakness.
The average investor should allocate only a fraction of his retirement wealth to crypto due to instability. But, volatility can be reduced in two ways – think of healthcare stocks in the 1950s and tech stocks in the 1990s. Smart is a big investor.
Do not hold or drop. Include crypto in your assets to start building a truly diverse portfolio.
Breaking The Wall – Build Your Confidence In Cryptocurrencies
One of the biggest and most important hurdles facing crypto investors for the first time is that they cannot trust digital currencies. Many, especially those close to technology or retirement, do not understand what promotion means. Sadly, they have failed to recognize and appreciate the myriad possibilities of cryptocurrencies.
The fact is – cryptocurrencies are one of the most trusted assets, backed by the latest technology. Blockchain technology, which powers digital currencies, allows you to trade instantly and indestructibly without the need for third-party authentication. It is a peer-based system running on fully open and advanced cryptographic principles.
Retirement Planning Funds Must Act On The Revelation Of Cryptocurrencies
In order to build trust and win the support of individuals, retirement planning funds need to educate investors about the endless possibilities of cryptocurrencies. This requires advanced analytics to help them provide reliable risk analysis, risk/return metrics, and estimates.
In addition, investment firms can set up specialized cryptocurrency advisory services to assist and guide new investors. In the years to come, many smart AI-based advisors can be expected to emerge — these will help calculate the right investment based on an individual’s time horizon, risk tolerance, and other factors.
Human consultants can work with these wise counselors and provide personalized counseling and other advice to clients when needed.
Want More Visibility And Wider Control
If retirement investors want to add cryptocurrencies to their new portfolio, they need more control and visibility when experimenting with this new asset. Look for a platform that allows you to combine all your assets in one place. An integrated solution that allows you to manage and balance all your assets, including new asset classes such as bonds and stocks such as cryptocurrency wallets.
Having a comprehensive platform that supports all your assets will give you a complete portfolio analysis, helping you to make better and more informed decisions. That way, you will reach the ultimate goal of saving faster for your goals.
Look for investment plan portals that offer additional features such as periodic contributions to cryptocurrencies over-scheduled or unscheduled periods.
Advances In Assistive Technologies For Cryptocurrency Investments
Cryptocurrency investment becomes mainstream only when assistive technology allows investors to trade coins, even for new investors unaware of this information. All must be made available for the exchange of one digital coin or even for fiat currencies and other non-tokenized assets. When this is possible, it eliminates intermediaries from the equation, thus reducing costs and additional fees.
With the maturity of technologies that support cryptocurrency investment and trading, the value of digital currencies will increase further as they become more widely mainstream.
This means that early adopters are for a huge purpose. As more retirement investment platforms consolidate cryptocurrencies, the value of digital currencies offers significant benefits to beginning adopters like you.
If you are wondering if it will take a few years for such retirement investment platforms to come to light, you are wrong. Octos is one of the portals currently in the alpha phase.
It is the first of its kind in the retirement portfolio platform that includes digital currencies. Octos customers can get investment advice