Young Adulthood：When you're young, you typically have a longer time horizon and fewer financial obligations, which may allow for a higher tolerance for risk. This is often a time when individuals can afford to invest more aggressively in growth-oriented assets.
Mid-Life：As you enter your mid-life years, you might start to consider more significant financial commitments such as buying a home, funding your children's education, or saving for retirement. These responsibilities can lead to a more moderate risk tolerance.
Approaching Retirement：As retirement approaches, the need for capital preservation often increases, and many individuals shift towards more conservative investments to protect their nest egg.
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