Investment have been proven to be the core solution for a retirement age ,even if we have other means like how people advising us to save money to some firms or bank to enjoy in our old ages ,this is not bad idea but not totally fine because they are many factors that affect money when we save and not put into use ,

Source
example is depreciation ,I mean your purchasing power of money will reduce over time ,and also charges from the bank every month ,it amount to something if you sum it all up for years you have been saving it in the bank ,ok what if the firm is liquidated,this are some of the Factors that can affect your money while saving it , instead of putting it to use

Using Nigeria as a case study ,it would be bad idea trying to save for retirement age because inflation is on high extreme and Bank charges keep increasing because government keep imposing high tax on every firms Rather than investing money in profitable business

Ok let assume you decide not to save but invest, what type of investment is good for retirement age ,as we all know we have different kind of investment,to me I believe we can venture into two kind of investment

stock

Number one is stock,buying of share in a company,this is actually owning part of a business in a forms of share,I believe we know what share or stock is , investing in stock can also be categorize as investing cryptocurrency,so when I said invest in stock am also referring to investment in cryptocurrency because they are similar type of investment,the only difference is the kind of investor you want to be when investing,So on this topic we are talking about long time investment , retirement age doesn't take less than 35years of service

Before we use to invest stock or cryptocurrency,we have to know this or keep some certain things in mind, investment on stock is use to grow wealth ,stock is volatile,this means you may loose some money in the long run some times ,this definition might look simple but it's required a lot knowledge

Real estate investment is use to protect wealth while stock is use to grow wealth ,and their risk to reward differ ,real estate have lesser risk than stock , both are good type of investment for retirement age ,it depends on the kind of what we want,

The question is

did you want to protect your wealth till retirement age ❓

did you want to grow your wealth till retirement age ❓

Conclusion

I made mention of several things but the most crucial part I will advise us to take note is stock market is use to grow wealth and real estate market is use to protect wealth it has lesser risk than stock and also is better to invest for old age than save for old ages , depreciation and inflation destroy the value of money every year

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