A middle$-$aged investor with a long time horizon and high tolerance for risk comes to you for investment advice. The most appropriate asset allocation for this individual would be:

Question $12$ options:

$30\%$ cash, $40\%$ bonds, $30\%$ equities

$0\%$ cash, $20\%$ bonds, $80\%$ equities

$10\%$ cash, $30\%$ bonds, $60\%$ equities

$50\%$ cash, $30\%$ bonds, $20\%$ equities