When it comes to investing, many people let age decide where their money should go. If they are over 65, for example, they may avoid stocks.
But "stage" is more important than age, says Donoghue's Moneyletter.
Here are three stages of the investment life cycle:
* Accumulator. You have begun to build your assets and will be investing for a number of years. At this stage, you want to go for growth.
* Replenisher. You are a person who needs to rebuild his or her nest egg after dipping in to pay for a child's college, or maybe a medical emergency.