NEW YORK ( TheStreet) -- Asset allocation is almost gospel to the investment advisory profession. Classic asset allocation generally calls for a balance between stocks and bonds, depending upon your age and risk tolerance.For instance, if you are 60 years old, you should have 60% of your assets in bonds and 40% of your assets in stocks. As you get older, you continue to put more in the so-called "safer" bucket of bonds, and less in the so-called "riskier" bucket of stocks.
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