Jim has some good advice. I personally own the Growth Fund of America and the Europacific Growth Fund R5. My 401k is a similar distribution of #1, with the exceptions of me owning some different funds due to the choices in my 401k. I have the two funds mentioned above at 25% and 20% respectively along with Fidelity Freedom (FDFFX) at 20%, 20% T. Rowe Price Midcap fund (RPMGX) and 15% Fidelity Small Cap fund (FSLCX). T. Rowe Price recommends that if you are in your early 20's to go with 100% equities. Even in my selection I end up having about 6% cash/bonds in my portfolio as some funds keep cash on hand in case some investors pull out. This way they don't have to redeem stocks and incur capital gains on all their investors. If this seems like too much, just put all your money into the Target Retirement 2050 fund as this will do all the diversification for you.
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