What would that advice be?  Would the advisor say that because of my age, I would have to have that amount in fixed income; or would it be that I should be diversified around the World; or maybe it would be that I shouldn't be concentrated so much in one sector, such as dividend paying pipelines?  It would certainly be that equities are dangerous, dividends can be reduced by the company and I will lose money.  Through experience of 35 years in the market in equities I have learned that much of the advice is untrue and meant to instill needless fear.