I survive on monthly chart trades | Episode 12 Creating retirement funds with zero personal funds [Relaxed Forex]
This time, what I will explain is how to generate retirement funds with zero personal capital. Bank deposits still offer low interest, and the future of pension systems is uncertain in this era, so securing funds for the coming old age is a major challenge. If you are worried about retirement funds, please use this as a reference.
Yuttari Kaseか Profile
Yuttari Kaseka. Individual investor. A “slow trading” type with very few trading counts. Studying every day with the aim of achieving great success in FX. I hold accounts with various FX companies and am familiar with a wide range of services in the industry.
Official blog:FX Slow-Trade Type
Official blog:FX Real Trade Dojo
Is My Retirement Funds Safe?
When performing long-term trades on a monthly chart, I target short-term gains as well, but I tend to expect substantial profits several years later. Depending on the case, it may be 10 years or 20 years down the line. It may feel too long to be possible. However, by distinguishing long-term trading from short-term trading like day trading, the scope of FX expands.
Short-term trading: aiming for daily profits, enjoying FX
Long-term trading: building a pension with FX
Now, when you reach old age, will you receive a pension? It might be optimistic to expect to receive the same amount as today for many years to come. Also, is your savings sufficient? Furthermore, if your parents are still alive when you reach old age, you might need to support them as well. It would be great if you remain young and healthy forever, but every year you inevitably grow older.
How much money is needed for retirement funds? Money Partners has published a calculator page. It’s called the “Hell Simulator.” It’s a tool that helps you feel whether retirement is heaven or hell from an economic perspective.
http://www.moneypartners.co.jp/beginner/jigokusim/
It provides a very solid simulation. The amount needed in retirement varies by person, but the result might be 50 million yen or even 100 million yen or more. However, how many people can cover that amount with savings and pension?
You could pretend not to see it and go about your life, but retirement will surely come, so you want a way to ease your anxiety even a little. However, to earn money through investment, you need capital and knowledge. Not everyone can increase their assets. Therefore, this time we will consider “How to create retirement funds with FX starting from zero personal capital.”