Asset allocation is very different for each one of us based upon our age, current investments and liabilities, future savings, goals and risk appetite.
Getting this one driver right is critical as this affects investment outcomes by 90%. You need to realign your asset allocation regularly with your evolving financial situations.
Ignoring this one, and focusing upon market timing will keep giving you the similar outcomes what you have been getting for years.
To be financially free, we need to address the big elephant of investing rather than focusing on the noise of market timing.
Getting asset allocation right requires an in-depth analysis of your personal finances, risk profile and building risk and return scenarios specific to your financial goals.