So...Tell us 'what/how' you go about asset allocation in/within your own lives (if you do...perhaps via a 401k or the like) and, what advantages and pitfalls you've experienced in this process. If you've not yet addressed the asset allocation process...tell us how you would envision undertaking this process for your own personal investing decisions. Lastly...'what' similarities/differences is/are there between one's own (personal) investing and that of a professional money manager for a large, national mutual fund firm...