1. For an investor, asset allocation is a balancing act. Asset allocation depends on the ability to tolerate risk, investment goals, and time frame. It involves adjusting the percentage of each investment (for example, stocks, bonds, money market funds) to balance risk, taking into consideration the current financial environment. How would a 24-year-old choose an investment, considering age and asset allocation? What about a 60-year-old? Does risk tolerance decrease with age? Explain.