Investments as an alternative to retirement
The older you get, the more you think about how you will live when you can’t work full time.
I myself am used to living quite well, and the prospect of living on a pension of a couple of hundred dollars does not inspire much optimism.
I would like to put something aside for a rainy day and not worry that the meager pension is not enough to pay for the apartment, medicine and groceries.
But everyone understands that if you just save money, and even in national currency, then you can meet old age with a box filled with useless pieces of paper.
The ruble exchange rate is rapidly declining and no one is surprised at the level of 80 rubles for 1 dollar and 90 for 1 euro.
Investments that will help you live well in retirement
First of all, I would like to dwell on what it is better not to do - do not trust money to state pension funds and various insurance companies, do not save money in national currency.
I myself have my own vision of long-term investments, and the first steps were taken at a time when I did not have high income, so there is no need to make excuses that you have nothing to save from.
My pension investments:
The most liquid and simplest option is to buy currency, preferably several types of it, I prefer to buy the US dollar, euro and Swiss franc.
The most pleasant option - in my case it also turned out to be the most profitable - is buying gold.
The first ten-gram bar purchased 15 years ago has risen in price 5 times in dollars. This 10 gram bar was purchased for just over $100. The most interesting is the purchase of a parking space that cost $6,000 and now brings in $500 net per year after taxes. Unlike an apartment, there are fewer problems, nerves and no need to make repairs after each tenant.
The most risky is purchasing cryptocurrency, I won’t go into details, but so far this option has not brought any profit or loss. There were times when it was possible to sell and not earn much, but investing in cryptocurrency was regarded as a long-term investment and therefore I decided not to sell for now.
The most unprofitable is a deposit in a foreign bank, which accrues a little more than a percentage per annum.
I see it more as a place to store money than as an investment. At the moment, I have said goodbye to the block of shares for my own reasons and do not yet plan to buy other securities.
Since it turned out that this particular investment requires the greatest control, for which there is simply no time. I would like to buy a plot of land in a promising location, but these are just plans.
For yourself, you can choose any of the options, or all at once, the main thing is not what to choose, but when.
The sooner you start saving money, the faster you will collect the amount that will allow you to feel more confident in the future. And you don’t need to make excuses for lack of money, because saving just $50 from each salary turns into 600 in a year and 18,000 in 30 years.
And if this money was invested wisely, then the amount can increase several times. Related articles:
DIY passive income - https://time-forex.com/inv/pasivnyj-dohod
Where to buy gold during a pandemic - https://time-forex.com/inv/gde-kupit-zoloto-vo -vremya-pandemii