Are you retired or going to retire soon? A guide to asset allocation

economictimes.indiatimes.com:

Nirav Karkera, Head of Research, Fisdom, says if you have less than five years to retire, you should definitely build a corpus utilising slightly equity-oriented products but not very heavily equity-oriented and even within equity, do not go towards the farther end of the markets that are midcaps or smallcaps; stick to less volatile largecaps and blue chips.”If somebody is already a senior citizen, what should they keep in mind while putting fresh money into different asset classes that are available? Also, what are the key points they need to be noting given the requirements in times ahead?For a senior citizen, life is not very different from any other investor irrespective of whether a senior citizen or not and the basics apply to them as well. So, the number one point that most people do not really recognise is that investing decisions do not start with finding the right product or the most exciting investment opportunity, but with assessing your own self, your own financial condition, your risk profile, your objectives and your appetite for volatility or risk.

So, even for a senior citizen, the starting point is that they themselves assess their personal profile as investors and their financial objectives. Now quite often than not, it is assumed that a senior citizen would have a relatively low risk appetite and would be investing for very short terms.

However, over the years of experience, there are a few shifts that we are witnessing and this now entails that senior citizens are also now developing an appetite for risk, especially the senior citizens who are financially well off and want to invest towards building a legacy for the next generation. There are also senior citizens who are relatively healthier than the