Allocating my 401K, 23 years old.

[NoVulutures]

HI everyone,

I have been lurking the forum for a long time now and decided it's time for me to take grasp of my 401K!

I am 23 years old, I have a little over $10K already in my 401K plan. My question is how should I allocate it? I would also like to pick up a few books on this topic, any good suggestions?

Thank you for your time!

I have the options of:

AUL Fixed Account
Amer Fds Ameri High Inc Trst
Amer Fds Capital World Gro&Inc
Amer Fds EuroPacific Growth
Amer Fds Grwth Fund Of America
Fidelity Adv Freedom 2010
Fidelity Adv Freedom 2015
Fidelity Adv Freedom 2020
Fidelity Adv Freedom 2025
Fidelity Adv Freedom 2030
Fidelity Adv Freedom 2035
Fidelity Adv Freedom 2040
Fidelity Adv Freedom 2045
Fidelity Adv Freedom 2050
Fidelity Adv LevCo Stk
Fidelity Adv Small Cap
Goldman Sachs Mid Value (94)
Goldman Sachs Small Value (96)
Neuberger/Berman Partners (OG)
OneAmerica Asset Director (A9)
OneAmerica Money Market (AB)
Oppenheimer Sml&Mid Cap Value (66)
PIMCO Total Return (Q4)
SSgA International Index (X6)
SSgA Russell Small Cap Index (X5)
SSgA S&P® 500 Index (X3)
SSgA S&P®MidCap 400 Index Stra (X4)
T Rowe Price Equity-Income (T5)
T Rowe Price Growth Stock (T6)
Thornburg Core Growth (31)

[Slug]

Knowing only your age, I would do this:

5% PIMCO Total Return
20% International Index
75% S&P 500

That will give you all the exposure you need at a very low expense ratio. For higher risk/return you could add some of the small cap index fund too. Re-balance once a yearish.

For investing books, I like:

The Intelligent Investor- A classic

The Bogleheads' Guide to Investing- Index focused investing

Although more about lifestyle than investing, I also like the Millionaire Mind

[humandraydel]

I'm 29 and this is my allocation:

100% stocks
35% International
40% Large Caps
15% Mid Caps
10% Small Caps

Assuming the SSgA index funds you have are the lowest expense ratios, I would use those.

[NoVulutures]

Thanks guys, I will check out those books and look into the numbers suggested!

[Petunia 100]

Morningstar (the people who assign those star ratings everyone talks about) is an excellent source of reliable information. Check out their free "investing classroom".

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