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September 9, 2020

4 tips to build up your own pension

According to CPB, young people would do well to start working on their own pension. The low interest rate remains a huge problem for the pension funds and young people will suffer as a result in the long run. How do you prepare for your pension? We give you 4 tips. (English version can be found below.)

BOTS by RevenYOU | 4 tips to build up your own pension
BOTS by RevenYOU | 4 tips to build up your own pension

Retired

You may not want to think about it right now, but you too will retire someday. In most cases, you build up your pension through your employer. This is not always the case, by the way, so always check this carefully. If you want to be able to continue more or less the same lifestyle after retirement, then it is wise to take fixed steps yourself. With only your pension benefit and your AOW it will probably become a lot more difficult. That's why today we'll give you 4 tips on how to build up your own assets after retirement.

1. Save

Of course, you can start saving for your pension now. If you set aside a fixed amount each month, you will accumulate this money on your own and you will have a good appetite for thirst after the age of 67. Or maybe even after your 69th birthday. Safe and orderly.

You do realize that saving costs you money in the end. That has to do with inflation and the fact that your savings interest rate is 0%. In 2019, inflation was 2.6%, which means that your money is worth 2.6% less. If you still have 40 years ahead of you, your money will only be worth less.

2. Annuity policy

Another way to build up capital for your pension is to take out an annuity insurance. Every month you pay your premium to the insurer and they give an indication of the expected return. When you retire, they will pay you a monthly amount. Just like with your other pension payments. Safe and orderly, but also not very flexible.

Please pay close attention to the additional costs when taking out this policy. These can be quite substantial.

3. Managed investments

There are a number of banks that offer a special pension product in combination with managed investment. In most cases, you deposit the same amount each month with which the bank will invest for you. Often you have a little say in the risk profile, but not in the exact shares, bonds and ETFs. The money you deposit is not freely withdrawable. Only after you have retired can you use this money again.

4. Investing yourself

You can also take control and make your own investments. You decide how much you deposit, what risk you take, in which markets you trade and when you want to withdraw your money. When you invest yourself, you are in control.

Imagine you are going to invest for your pension with the BOTS app. You can start from €50,- boarding is easy. You check in the app which bots are successful, what risk you are willing to take and then you start. You can decide for yourself when and how much you want to put in and test the returns in the demo beforehand.

Bots are automatic trading strategies that trade for you based on algorithms, artificial intelligence and machine learning. Because they are bots, they never sleep and do not suffer from emotions when the stock market fluctuates. Convenient.

Previously, these automated trading strategies were only available to the richest 3% of the world's population. But now it's also available to you. With the BOTS app.

In this way you have full control over your pension plan. And then you can retire with peace of mind. And maybe even before you're 67.

Investing is for everyone

Everyone should be able to invest. And now they can. With BOTS. Together we are going to make the world of investment fairer and more transparent. Are you interested, but your question hasn't been answered yet? Take a look at the FAQs on our site. Or contact us, we will be happy to explain it to you in person.

The BOTS app is now live

Download the BOTS app on your mobile phone today! For Android click here, for Apple click here.

There is no such thing as risk-free trading. It is possible to lose (part of) your stake.

4 tips to prepare yourself for your retirement

According to the CPB, young people would do well to start working on their pensions themselves. Low interest rates continue to be a huge problem for pension funds, and young people will suffer from that in the long term. How are you preparing for your retirement? Today we will share 4 tips with you.

Retiring

You may not want to think about it now, but you too are going to retire someday. In most cases, you build up a pension through your employer. However, this is not always the case, so always check this carefully with your employer. If you want to be able to continue to live the same lifestyle after you retire, it is wise to take some steps of your own, too. With your pension benefit and your state pension benefit alone, it will probably become a lot more difficult. That is why today, we are giving you 4 tips to build your own capital for your retirement.

1. Saving

Of course, you can already start saving for your retirement today. If you put away a fixed amount every months, this money will accumulate over time and you will have a nice extra after you turn 67. Or perhaps 68. Safe and clear.

Do realize that saving ultimately costs you money. This is due to inflation and the fact that the savings interest rates are 0%. In 2019, inflation was 2.6%, which means your money lost 2.6% of its value. So if you have 40 more years to go, your money will only become worth less and less.

2. Annuity policy

Another way to build capital for your retirement is to take out an annuity insurance. You pay your insurer a premium every months, and they provide an indication of the expected return. Then, when you retire, they pay you a monthly amount. Just as with your other pension benefits. Safe and clear, but not very flexible.

Do take any additional costs into account when taking out this policy. These can run up significantly.

3. Managed investment

There are a number of banks who offer a special pension product in combination with managed investment. In most cases, you put in the same amount every month and the bank invests it for you. You can usually control the risk profile, but not the specific stocks, bonds and ETFs. The money you put in cannot be freely withdrawn. You can only start using this money again after you retire.

4. Trading for yourself

You can also take full control and start trading for yourself. You determine how much you invest, what risk you take, which markets you trade in and when you want to withdraw your money. When you invest for yourself, you are in full control.

Let's say you start trading for your retirement with the BOTS app. You can start with as little as €50. Getting started is easy. In the app, you check which bots are successful, what risk you are willing to take and off you go. You determine how much you invest and when, and you can try out your returns in the demo first.

Bots are automatic trading strategies that trade for you based on algorithms, artificial intelligence and machine learning. Because they are bots, they never sleep and are not bothered by emotions when there are fluctuations in the stock market. Convenient.

Previously, these automated trading strategies were only available to the richest 3% of the global population. But now they are available to you, too. With the BOTS app.

This way, you are in full control of your pension plan. And you can retire with peace of mind. And who knows, perhaps even before you turn 67!

Trading is for everyone

Everyone should be able to invest. And now they can. With BOTS. Together, we are committed to making the world of trading fairer and more transparent. Interested, but your question hasn't been answered yet? Then please have a look at the FAQs on our site. Or contact us, we will be happy to explain it to you in person.

The BOTS app is now live

Download the BOTS app on your mobile phone today! For Android click here, for Apple click here.

There is no such thing as risk-free investment. It is possible to lose (part of) your stakes.