Posted: 6/27/2010 3:24:00 PM EDT
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I've been enrolled ina 401k through my current employer since 2007. I have roughly $8600 in it now and a majority of the investments go all over the place. I have it rebalance after a few months and none of it is in a guaranteed fund.
Should I throw it into Guaranteed at the age of 29 or continue to be risky with it? 5.95% Sel Large Cap Value 5.89% Eqty Grth 6.88% Sel Indexd Eqty 6.89% Sel Aggrsv Gr 1.98% Prm Sm Co Oppty II 2.96% Sel Mid Cap Growth II 13.25% Guaranteed 6.88% Premier Cap Appreciation 4.92% Premier Global 5.89% Sel Fundmentl Val 3.99% Sel Overseas 13.31% Prm Core Bond 14.32% Strategic Income 1.97% Sel SmCoVl 1.96% Small- & Mid- Cap Value 2.95% Sel SmCapGrthEq Thats what I have for investments. |
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Most likely, the majority of those funds are comprised of many of the same stocks.
You would be better to pick 3 or 4 funds that diversify your investments into different sectors. I'd strongly recommend talking to a professional financial advisor and having them help you set up a strategy. Good start....now hone it and keep at it 
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My main goal is to make sure I don't lose anything major.......... We all know that this involves the stock market.
I do save money on the side (savigs account) and I save about 40% of my monthy paychecks. I've NEVER checked anything online about my balances since I've started. I do look at the statements I get every 3 months showing the deposits and etc. |
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You can do a search online but at your age you should be pretty aggressive in your funds.. something like 60% stocks (mix of large and small cap), 30% bonds and 10% foreign
One rule of thumb i just found online is your AGE is the amount of bonds you should own.. Brian |
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Quoted:
You can do a search online but at your age you should be pretty aggressive in your funds.. something like 60% stocks (mix of large and small cap), 30% bonds and 10% foreign One rule of thumb i just found online is your AGE is the amount of bonds you should own.. Brian What type of Bonds? |