Summary: The article discusses the art of asset allocation and how it can help investors achieve their financial goals. It highlights the importance of making two key decisions: asset allocation and rebalancing. The article also provides options for investors who want to outsource their asset allocation and rebalancing, such as balanced funds or building their own 60/40 portfolio with index funds and liquid funds. Finally, it concludes by emphasizing the importance of low-cost investing and encouraging readers to reach out with any questions or suggestions.Key points:* Asset allocation is a crucial aspect of investing that requires careful consideration to achieve financial goals.* A 60/40 portfolio is a good starting point for many investors, but it can be adjusted over time as experience and confidence grow.* John C. Bogle recommends using a fixed ratio or periodic rebalancing to limit risk and provide a smoother investment experience.* Investors must make two key decisions: asset allocation and rebalancing.* Outsourcing the asset allocation and rebalancing to a balanced fund can eliminate the behavior gap and avoid taxes on rebalancing, but it comes with higher costs.* Building a 60/40 portfolio with index funds and liquid funds is an alternative option that allows for customization and control over rebalancing.