All over the world, people’s life expectancy has grown by leaps and bounds. It has grown by 50% since the 1950s and by 30% since the 1980s. Gone are the days when only company-sponsored retirement plans were enough to spend your golden age peacefully and hassle-free.
Today, with the rise of other expenses such as housing, education, health care and more, some people are finding it increasingly difficult to postpone retirement.
Unfortunately, the bitter truth is that people of all generations from baby boomers to millennials don’t procrastinate enough to retire. Conservation is one of the world’s most underestimated epic crises.
“Retirement is difficult. It’s never too early or too late to start preparing for retirement.”
So people are trying to find alternative opportunities that provide them with higher profits in a shorter period of time. Traditionally, real estate, private capital and venture capital were wanted. Now new and more money and profitable investments have joined the picture – enter cryptocurrencies.
Investing in cryptocurrency – for those who do not want to put all their eggs in one basket
One of the biggest benefits of cryptocurrency investments is that they separate your portfolio from reserve currencies. For example, if you live in the UK, then in your retirement portfolio will definitely be shares of British companies, if you are engaged in capital. What will happen to your portfolio if the British pound collapses? And given today’s volatile political scenario around the world, nothing is known.
Therefore, investing in cryptocurrency makes the most sense. By investing in digital currency you effectively create a basket of digital coins that acts as an effective hedge or safe bet against the weakness of the reserve currency.
The average investor should allocate only a small portion of their retirement assets to a crypto, due to its volatility. But instability can cut both sides – think of the 1950s health care stocks and the 1990s technology stocks. The smart first investors made it big.
Don’t stay behind and don’t lose. Incorporate crypto into your assets to start creating a truly diversified portfolio.
Break the wall – strengthen confidence in cryptocurrencies
One of the biggest and main hurdles most cryptocurrency investors face is that they cannot trust digital currencies. Many, especially people who do not understand technology or are approaching retirement, do not understand what promotion is. Unfortunately, they cannot realize and appreciate the myriad possibilities of cryptocurrency.
The reality is that cryptocurrencies are one of the most reliable assets backed by the latest technology. Blockchain technology, which ensures the functioning of digital currencies, allows you to trade immediately and indelibly without the need for third-party verification. It is a peer-based system that is fully open and operates on advanced cryptographic principles.
Pension funds should work to demystify cryptocurrencies
To build trust and win people’s support, retirement plan funds need to inform investors about the endless potential of cryptocurrencies. To do this, they need advanced analytics to help provide a reliable analysis of risks, risk / return indicators 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 that several smart consultants based on artificial intelligence will appear on the scene – they will help calculate the right investment based on a person’s time horizon, risk tolerance and other factors.
Human advisors can work with these smart advisors and give clients personal advice and other suggestions as needed.
Need more visibility and comprehensive control
Retirement investors who want to add cryptocurrencies to their asset portfolio need more control and visibility when they experiment 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 of your assets, including traditional ones such as bonds and stocks, with new asset classes such as cryptocurrency wallets.
Having such a broad platform that supports all your assets gives you a holistic portfolio analysis that will help you make better and informed decisions. This way, you are more likely to reach the ultimate goal – to save for your goals.
Look for investment planning portals that also provide additional features such as periodic cryptocurrency contributions at scheduled or unplanned intervals.
Advances in technology support for cryptocurrency investing
Investing in cryptocurrency will become mainstream only if assistive technology allows investors to trade coins without hindrance, even for new investors who are unaware of the know-how. The exchange of one digital coin for another or even for fiat currencies and other non-tokenised assets should be possible. If possible, this will eliminate intermediaries from the equation, thereby reducing costs and additional fees.
As technologies that support cryptocurrency investment and trading mature, the value of digital currencies will increase even more as the currency becomes mainstream with greater availability. This means that the first users expect huge benefits. As more and more retirement investment platforms integrate cryptocurrencies, the value of digital currencies is sure to increase, offering significant benefits to early users like you.
If you are wondering whether it will take several years for such retirement investment platforms to see the world, then you are wrong. Auctus is one such portal that is currently in the alpha phase of launch. It is the first pension portfolio of its kind to include digital currencies. Auctus users can get investment advice using both human and AI analytical tools.
Currently, users can defer retirement using Bitcoin, Ethereum and several other digital currencies. In addition, users can use the auto-rebalancing feature, which allows them to automatically adjust their portfolio using a set of predefined rules.
Such a holistic approach ensures that users can achieve their retirement goals earlier by making smart and right investment choices or decisions.
Last thoughts – You cannot ignore cryptocurrencies in your retirement portfolio
Yes, it is true that cryptocurrencies are very volatile. In fact, there is speculation on the Internet that “cryptocurrencies are nothing more than a quick roar scheme” and that the bubble is likely to burst soon.
Uncertainty does not mean that cryptocurrencies should not be part of your retirement portfolio, even if you have a short term investment. On the other hand, the current fall in cryptocurrency prices in 2018 means you have a rare opportunity to make a profit.
Greater confidence, the ability to holistically and directly control investment management, and advances in assistive technologies ensure that digital currencies become an excellent investment choice to include in your retirement portfolio.