Build a basket of cryptocurrencies to help you reach your retirement goals quicker
Across the world, human life expectancy has grown by leaps and bounds. Compared to the 1950s, it has shot up by 50% and when compared with 1980s it has increased by 30%. Long gone are the days when company-sponsored pension plans alone were sufficient to spend one’s golden ages in a relaxed and worry-free manner.
Today, with mounting different expenses like housing, education, health care and more and that's just the beginning, a few people are discovering it progressively difficult to put something aside for their retirement.
Unfortunately, the unpleasant truth is that people of all generations born after aren't sufficiently sparing for their retirement. Saving is a standout amongst the most underrated worldwide epic emergencies.
“Retirement is complicated. It’s never too early or too late to start preparing for your Retirement.”
Thus, people are looking for alternate opportunities that provide them with higher returns in shorter time frames. Traditionally, real estate, private equity, and venture capital were sought. Now, a new and more lucrative investment has joined the picture – enter cryptocurrencies.
Cryptocurrency Investments – For those who don’t want to place all their Eggs in one Basket
CEO of Bull Infotech, Mohsin Jameel said, one of the biggest advantages of cryptocurrency investments is that it decouples your portfolio from reserve currencies. Say, if you live in the UK, then you’re bound to have shares of UK-based companies in your retirement portfolio if you’re into equity. What will happen to your portfolio if the British pound were to crash? And given, today’s volatile political scenario across the globe, nothing is certain.
Therefore, cryptocurrency investments make the most sense. With digital currency investments, you’re effectively creating a basket of digital coins, that acts as an effective hedge or as a safe bet, against reserve currency weakness.
Mohsin Jameel thinks that the average investor should allocate only a small portion of his/her retirement assets into crypto, due to its volatility. But, instability can cut back both ways – think back to the healthcare stocks of the 1950s and the tech stocks of the 1990s. The smart early investors were the ones who made it big.
Don’t get left behind or lose out. Include crypto in your assets to start building a truly, diversified portfolio.
Cracking the Wall – Build your Trust in Cryptocurrencies
One of the biggest hurdles most first-time crypto investors face is that they can’t trust digital currencies. Many, especially those who aren’t tech-savvy or nearing retirement don’t understand what the hype is all about. Sadly, they fail to realize the myriad potentials of cryptocurrency.
The reality is that – Cryptocurrencies are one of the most sturdy and reliable assets, backed with the latest technology. The blockchain technology that powers digital currencies makes it possible to trade immediately and indelibly without the need for third-party verification. It’s a peer-based system that is entirely open and runs on advanced cryptographic principles.
Retirement Planning Funds Should Work on Demystifying Cryptocurrencies
To build the trust and win the support of individuals, retirement planning funds must educate investors about the endless potentials of cryptocurrencies. For this, they need advanced analytics that helps in providing reliable risk analysis, risk/return metrics, and projections.
Additionally, investment firms can set up specialized cryptocurrency advisory services to help and guide new investors. In the coming years, one can expect several smart AI-based advisors to crop up on the scene – these will assist in calculating the right investments based on an individual’s time horizon, risk tolerance and other factors.
Human advisors can work along with these intelligent advisors and provide customers with personalized consultation and other suggestions as and when needed.
Need for More Visibility and Comprehensive Control
Retirement investors who are looking to add cryptocurrencies to their asset portfolio require more control and visibility as they experiment with this new asset. Look for platforms that let you combine all your assets in one place. An integrated solution that enables you to manage and balance all your assets including traditional ones like bonds and stocks with new asset classes like cryptocurrency wallets.
Having such an extensive stage, to the point that backings every one of your benefits gives you an all-encompassing portfolio analysis, helping you settle on better and more informed decisions and choices. In this manner, you achieve a definitive point of putting something aside for your objectives quicker.
Look for investment planning portals that also provide additional features like periodic contributions to cryptocurrencies at scheduled or unscheduled intervals.
Advances in Supporting Technologies for Cryptocurrency Investing
Cryptocurrency investing will become mainstream only when the supporting technology makes it possible for investors to seamlessly trade coins, even for new investors who aren’t aware of the know-how. Exchanging one digital coin for another, or even for fiat currencies and other non-tokenized assets must be all made possible. When this becomes possible, it will eliminate middlemen from the equation, thereby lowering costs and additional fees.
With the maturation of technologies that support cryptocurrency investments and trading, the value of digital currencies will further increase, as the currency goes mainstream with broader accessibility.
This means early adopters are in for a huge gain. As more and more retirement investment platforms integrate cryptocurrency, the value of digital currencies is bound to increase offering significant gains to early adopters like you.
If you’re wondering, whether such retirement investment platforms will take a few years to see the light of the day, then you’re wrong. Auctus is one such portal that is currently in its Alpha phase of launch. It’s a first-of-its-kind retirement portfolio platform that includes digital currencies. Users of Auctus can get investment advise from both human and AI-powered analytical tools.
For now, users can save for retirement using Bitcoins, Ethereum, and several other digital currencies. Additionally, users can make use of the Automated rebalancing feature that lets them adjust their portfolio automatically using a set of preset rules.
This holistic approach ensures that users can achieve their retirement goals earlier by making smart decisions and the right investment choices.
Final Thoughts – Cryptocurrencies are Not to be Ignored in your Retirement Portfolio
Yes, it’s true that cryptocurrencies are highly volatile. In fact, there are speculations on the internet that suggest that “cryptocurrencies are nothing but a get rick quick scheme” and the bubble is likely to burst sometime in the near future.
As per Mohsin Jameel, the uncertainty doesn’t mean that cryptocurrencies shouldn’t be a part of your retirement portfolio, even if you short investment time horizons. On the other hand, the current slump in the prices of cryptocurrencies in 2018 means you’ve got a rare opportunity to build gains.
Greater trust, holistic and directly controllable investment management capabilities and advances in supporting technologies ensure that digital currencies make for an excellent investment choice to include in your retirement portfolio.
Mohsin Jameel is the founder and CEO of Bull Infotech holding seminars in Dubai, Thailand and Malaysia regarding Fintech and crypto investments. A multi-tasker by nature, Mohsin believes in creating value in whatever he does. An entrepreneur and forward thinker, Mohsin is one of the few pioneers who believed in the potentials of digital currencies before they became mainstream. A tech enthusiast, an entrepreneur by birth – Mohsin, is currently focused in the field of cryptocurrencies and blockchain technology.
Keeping up with his motto of “Taking Digital Currencies to the Masses,” he shares his knowledge, insight, and acumen about digital currencies and blockchain here. His articles are easy to read and help readers get valuable info about cryptocurrency investing. Not just that, he also shares tips for businesses looking to reap the benefits of the blockchain.