TIE PRODUCTS TO YOUR NEEDS

If you don't invest in products suitable to your needs, your retirement goals will remain a dream, regardless of the fancy assets that you acquire

- NILANJAN DEY

By NILANJAN DEY, Director, Wishlist Capital

There is a tide in the affairs of men, or so goes an oft-quoted quip from Shakespeare's vast body of work. For men, and I allude to the straight-laced citizens of this mighty land irrespective of gender; the tide in question comes in the shape of a poser. When should they begin to plan for retirement, now or later? And the answer comes pat: for most, it should start immediately.

I do not wish to be flippant, but experience tells me that hesitation on this front will be tantamount to foolishness. And when I refer to a retirement plan, I mean one that checks all the boxes. Ergo, a randomly purchased pension scheme does not fit the description, nor does an oddball investment in the alluring real estate. Ditto for a quick-fix allocation to a few stargrade mutual funds.