Last week, I sent you a letter about my retirement plan.

In case you missed that letter, kindly comb through your email folder or DM now.

Read it first before you continue reading this... E get why.

Honestly, most young people are scared of old age.

Yes, some are scared.

While others overthink it.

In my opinion, the best approach is to start planning for it now.

Whatever we plant now, we will harvest it at retirement age.

I know that you are not a civil servant or political office holder, at 60 years, you will not be entitled to gratuity and pension.

Normally, you are already thinking that my best advice will be on crypto investment as a retirement plan.

Lols, you are not far from the truth.

BTW, do you know that my journey into the financial market started when I was in the 200 level at the University?

I was about 20 years old when my friend, Deji, bought gold for me on his way from South Africa.

I did some research on gold banking and I decided to save my pocket money so I could own about 3g worth of gold. Haha:)

Looks too small, yeah? But that investment made me feel proud of myself.

I am not a crypto expert that will talk down on gold because Bitcoin offers a better alternative.

People that do it do not fully understand that the roles of Bitcoin and Gold are different in investment portfolios.

Basically, you don't invest in gold for profits, you do so in other to hedge against inflation or preserve the value of your wealth.

As young Nigerian or African, we understand that our currencies are easily devaluated.

For this reason, it makes sense to do your research and find out how you can buy gold every year.

Have a specific savings account, when you have up to a million naira or more, you may convert it to gold.

Another plan is to invest in Bitcoin, this is somewhat more risky than gold, but in the next 20 years, it could be worth the risk.

Don't try to time the Bitcoin price and start looking for the best entry, just buy and hold it as part of your portfolio.

Please take note, this should not be more than 10-15% of your portfolio.

The next idea is to consider owning properties like houses and land. Even though they cannot be easily liquidated, but the rental property is a good retirement plan, especially if it is in a good location.

Listen, let's assume that you want to own a warehouse, you don't have to be the only one that will own it.

If you have friends that got similar financial capabilities, reach out to them with a solid legal framework, then you can co-build it together as partners.

In the future, all of you can retire on the rental fees. When the value appreciates and you want to sell it, a simple majority vote will be enough for decision-making depending on your business contract.

Nothing is bad in owning properties in the UK, USA, Canada, and so on, they will allow you to earn in foreign currency.

You see am? I have not even talked about stocks, because I understand that what works abroad may fail in Nigeria.

The next option you may consider is planting perennial cash crops that grow with you.

Trees like Cocoa, Coconut, Oil Palm trees, Coffee trees, Rubber trees, Date Palm trees, and so on.

These will continue to produce money with minimal energy, time, and finance.

In old age, we should be looking for things that we can do with little effort and it will give us go returns.

Why?

Because we will not be as energetic as we are in our 20s, 30s, and 40s.

If you have 3 plots of land, build on a plot and convert the rest to a mini cash crop plantation. The government will not tax your trees, rest assured 😁.

With 25 coconut trees, you can be earning over a million naira per annum. Bro, think about what this means in old age.

Lastly, invest in US bonds if you have the means. As long as you know how to navigate the global stocks market, invest about 10% of your retirement portfolio in stocks, I don't have any recommendations because I have no expertise in the equity market😊

My expertise is in the crypto and forex market for now. Maybe in the future, I may consider the equity market

Okay, this is my plan, I shared it with you because I believe that we are in a similar situation and we want to end well in life.

Old age means that we are getting closer to the last stage of our life cycle.

The bones, muscles, and other organs may have become weak. Even if you want to work, there may not be as much energy as you have now.

As you can see, I didn't add children as a retirement plan.

The reason is that only a few parents will be lucky to have children that will take care of them in a similar way that they took care of the kids.

It is even worse if you are a man because most kids will take care of their mothers first before they can remember their dads.

Parenting to me, is like charity, only God can reward parents.

Till I write you again, stay awesome!

Don't forget that you can make contributions to this conversation, let me know your thoughts on this retirement plan, I am just a DM away from you.

Enjoy the rest of the week.

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