Proper asset allocation of your investment can make or mar your wealth management dreams. Asset allocation is a way of deciding the goals and objective of your investments and therefore is the critical element of your investments.
OK, but is there a way of doing that? Financial planners will put the burden back on you and you begin thinking that if I have to decide that why is the bugger (planner) required. In a way he's right since you must take responsibility for yourself.
There is help by way of a thumb rule for the dumbest of all who don't know to decide for themselves. For equity allocation, you should invest (100 - your age) % of your investments. That is if you are 30 years old, you should invest 70% in equities. The balance goes to debt.
And remember your Insurance should not be confused with Investments. But that's another log, btw.