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Maybe the young shouldn’t dive into stocks Investors in their 20s and 30s are advised to reduce their stock allocation in their retirement accounts, as a study shows that they are likely to change jobs and subsequently cash out a part or all of their accounts, according to Rob Arnott, chairman of Research Affiliates. By taking money from their retirement accounts, they incur substantial losses from taxes, a 10% penalty, and missed employer's match contributions, Arnott says. Young investors may consider holding a more balanced mix of assets, for example a 40/40/20 split among stocks, bonds and cash and adjust the allocation when their portfolio's worth matches their yearly take-home pay, Arnold adds.  --The New York Times

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