His new story helped: Fierstein has teased out the friendship between the straight factory owner and the factory-saving transvestite who suggests the boot switch, who bond over their harsh fathers.

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Surveys in America show that, on average, younger members of a 401(k) plan tend to keep a large chunk of their plan assets in equity funds, which are riskiest but also promise the highest returns over the long run, and that members switch into less risky bond and money-market funds as they get older.

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Should European interest rates start to rise, investors may switch back to less risky government bond markets particularly as higher interest rates tend to put heavily indebted junk-bond issuers under stress.

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As part of a bond investing strategy one should seek to switch out of a high allocation of bonds and into stocks when the stock market reaches a capitulation phase.

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Sandra Bond Chapman, director of the Center for BrainHealth, says older brains switch over to emphasize "gist" processing.

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Also, the average yield of DAX stocks is 3.5%, almost three times the yield on the 10-year German government benchmark bond, a factor that could persuade yield-hungry investors deterred by low returns on government bonds to switch from debt to equity.

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