"I always believe asset allocation gives you two things. One, it is the staying power in the market when markets are down because instead of being down 20%, you may be down 10% and you will be more comfortable. The second thing is sometimes life is uncertain and we have unforeseen needs for money. Now when equity is down that 30%, taking money out of equity really hurts your compounding journey.But if you have something else like debt which is not down 30%, you can take it out."