Cant Afford To Retire? Here’s how.. – Forex Mentor Pro
Hi, at the end of this month, I am retiring. Only from private coaching as the tax is getting silly, and I refuse to work for the government. If you have been thinking about working with me, you need to take action in the next few days or the opportunity is gone.
I am entitled to a UK state pension as I paid social security payments for 35 years, but its less than a $1000 a month. I only have a small frozen, conventional pension which will pay around $6000. I wasn’t allowed to contribute to it when I left the UK 25 years ago, so I went my own way. The chances of state pensions existing in the future in their current format are open to question and will depend on politicians.
When state pensions really took off after the Second World War in the UK, there were 4.5 workers per pensioner, and the average lifespan of a retiree was less than 70. Nowadays, there are fewer than 2 workers per pensioner and the birth rate is falling so it’s likely to get worse.
In 2025, the average lifespan of a UK adult male is 87 years. So, instead of 3 or 4 years beyond retirement age, the state now needs to find the money (it’s all gone) to pay a retiree for 20 years. As folks live longer, they all put more strain on the health service. Pensioners represent approximately 28% of the population and are more likely to vote. For a politician to be elected, he or she needs those votes. Unless of course they lie and then do something once elected!
In Japan, it’s estimated that by 2050 over 40% of the population will be of the current retirement age. It’s simply not sustainable under current economic rules.
Today I can afford to retire. Had I continued on the conventional route I wouldn’t have been able to afford to stop. If you are following the path of “just put money in the S&P for the next 40 years” then good luck.
If you take action and change your thinking you have the potential to retire in 10 years if starting with nothing. Much less if you have already accumulated at least 6 figures.
The good news is there is a better way as explained in todays session.
During last week’s live training session, I shared the following “tips” –
I am still going to trade and invest in multiple markets, participate here at FMP & YIF and work with folks with bigger accounts, helping to manage their portfolios.
What’s the solution?
Educate yourself. Create multiple income streams. Leverage your skillset. All explained in detail in the video.
I bought houses for income and capital growth, all of which have been sold except for one, as the best days are over in the UK for landlords. However, it’s still viable in some countries and gives the advantage of creating income using other people’s money.
Since 2002 I traded forex to generate income, getting paid by clients and using leverage from brokers. Nowadays, there are opportunities to use a funded account to get started.
I invested in gold periodically since 2003. After the crash of 2008 I leveraged the strategy by investing in miners. Gold today is up 41% this year, my best miner is over 230%
Since 2020, I have been heavily involved in crypto. I made more profit in 2020/21 than in the past 50 years in the S&P. I share today a funded crypto account I am testing.
Crypto, stock’s, whisky and other assets that turned a profit.
AI summary below the video. If you prefer to read rather than listen, click the 3rd button in from the bottom right hand corner of the video:
Quick recap
Marc presented on retirement planning concerns and announced his transition from private coaching to focus on trading and investing, discussing various market strategies and investment approaches including stock and crypto trading. He shared specific trading strategies and performance details across different asset classes, emphasizing risk management and profit-taking techniques. Ashley provided insights on upcoming economic events and trading strategies for currency pairs, focusing on risk management approaches and trade setups during news announcements.
Summary
Retirement Planning and Pension Challenges
Marc presented on retirement planning, highlighting concerns about government pension sustainability and the challenges of relying solely on traditional pension systems. He shared that according to calculations, someone would need to contribute approximately $10,000 annually for 40 years to reach $2 million in a pension pot, and discussed how demographic changes and political pressures make government pensions increasingly unsustainable. Marc announced his own retirement from private coaching due to changes in Portuguese tax rules, and expressed his decision to focus on trading and investing instead.
Market Trends and Trading Strategies
Marc discussed upcoming market events, including the FOMC statement and potential interest rate cuts, emphasizing the importance of timing market opportunities. He shared his strategy of using funded accounts for stock and crypto trading, highlighting recent profits and plans for day trading. Marc also addressed regulatory developments in the US and UK, noting the potential impact of a proposed $115 billion Bitcoin reserve in the US and restrictions on stablecoin ownership in the UK.
Stock Strategy and Performance Review
Marc reviewed past stock recommendations and discussed his trading strategy, which combines day trading with buy-and-hold approaches. He highlighted several stocks that performed well in the past week, including RYM (up 17%), Galaxy (up 28%), and Coinbase (up 10%), explaining his reasoning for these picks. Marc also mentioned his strategy of scaling out of positions to manage risk, particularly in volatile market conditions.
Strategic Mining Investment Insights
Marc discussed trading strategies, sharing examples of successful investments in gold and mining stocks. He emphasized the importance of not letting emotions drive trading decisions and suggested taking profits when investments double while maintaining the remaining stake. Marc highlighted specific mining stocks he had invested in, including Agnico Eagle and Gry, which showed significant returns, and explained his approach of buying undervalued stocks during market downturns.
Tax-Efficient Investment Strategy Insights
Marc discussed his current investment strategy, highlighting significant gains in various sectors and the importance of tax efficiency. He explained his approach to taking profits and managing investments, including hedging with gold and silver, and shared details about a friend’s ISA account that has grown 57% since May. Marc also mentioned exploring funded trading accounts and crypto investments, emphasizing the need to monitor Bitcoin’s performance and consider tax implications when investing in different assets.
High-Growth Investment Strategies
Marc discussed investment strategies, highlighting a 57% gain and a cannabis play that generated £5,600 profit from a £4,000 investment over six weeks. He advised using high-growth investments rather than traditional low-return options like the S&P, which has only averaged 7% annual growth over 50 years. When asked about the £10,000 retirement investment per year requirement (to build a $2,000,000 fund over 40 years, Marc suggested alternative approaches including using funded accounts or developing trading skills to manage money for others, emphasizing the importance of learning and adapting investment strategies.
Marc’s Trading Strategy Insights
Marc discussed his trading strategy and current positions, explaining he wouldn’t buy AMD at current levels as it doesn’t meet his 25% return criteria, though he set an alarm at 140. He shared his experience with MSOS, noting he sold some at 5.70 and lower (update he is back in today- 16th Septat $4.20) after significant gains due to regulatory uncertainty around cannabis and crypto companies, though he sees potential for a further 45% return if it reaches previous levels. Marc also mentioned missing a euro-pound trading opportunity due to a technical error and announced his retirement from private mentoring due to tax considerations, though he will continue contributing to Forex Mentor Pro.
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