Needing Guidence with setting up my 401k

[txisboi23]

Good day, im here for some help on setting up my 401k through work. Im new to this and am just starting to keep track of my investments. Im 25 and plan to follow the 120 formula, which means 5% in bonds and 95% in stocks if i have this correct. I will start with a 7% investment since my company will match 6% and increase as income does. Im needing your help in selecting from these following investments and am open to anything. Thanks! Ross v.

0384 - Guaranteed Interest Account
Stable Value Option

0383 - Core Bond Fund JCBZX
JPMorgan Core Bond Fund

0041 - Pimco Total Return Fund PTRAX
PIMCO Total Return Fund

0384 - Conservative Allocation Fund MCARX
MFS Conservative Allocation Fund

0383 - Growth Allocation Fund MGALX
MFS Growth Allocation Fund

0376 - Lifetime Retirement Income MLLGX
MFS Lifetime Retirement Income Fund

0376 - Lifetime 2010 Fund MFSNX
MFS Lifetime 2010 Fund

0376 - Lifetime 2020 Fund MFLGX
MFS Lifetime 2020 Fund

0376 - Lifetime 2030 Fund MLTGX
MFS Lifetime 2030 Fund

0376 - Lifetime 2040 Fund MLFGX
MFS Lifetime 2040 Fund

0311 - Large Cap Index Fund NEIAX
Columbia Large Cap Index Fund

0383 - MFS Total Return Fund MTRRX
MFS Total Return Fund Class R2

0176 - Leisure Fund FLISX
Invesco Leisure Fund

0346 - American Century Heritage Fund ATHAX
American Century Heritage Fund

0383 - Market Expansion Index JMEZX
JPMorgan Market Expansion Index Fund

0313 - Developing Growth Fund LADRX
Lord Abbett Developing Growth Fund

0960 - Large Cap Growth Fund MLRTX
MainStay Large Cap Growth Fund

0383 - Mass Investors Trust MIRTX
MFS Massachusetts Investors Trust

0372 - Value Fund MVRRX
MFS Value Fund

0373 - Communications & Information
Columbia Seligman Communications and Information Fund

0303 - Small Cap Value Fund VSCAX
Invesco Van Kampen Small Cap Value Fund

0383 - New Perspective Fund RNPCX
American Funds - New Perspective Fund

0373 - Overseas Fund JIGRX
Janus Overseas Fund

2007 - International Value Fund TGVRX
Thornburg International Value Fund

[Nobulladvisor]

You are 25. you have 40+ years until retirement. you should be very aggressive now while you are young and do not need to money any time soon. Put it all into NO BONDS! and stay away for target date funds like the Lifetime funds.

I'll suggest the only get into 2 more then 3 funds. get a large cap , small cap, and international fund. when you get a good amount of money in the 401k then you could add more funds to diversify more.

120 formula make sense when you are a lot older.

just out of curiosity, which company is the plan provider??

[txisboi23]

Thanks for the info, The Company is Alta Communications. Ive been reading through info sites and have come up with these investments. Im open to see what yall think.

3% - PTRAX = PIMCO Total Return Fund
3% - MCARX = MFS Conservative Allocation Fund

40% - MLRTX = MainStay Large Cap Growth Fund
14% - RNPCX = American Funds - New Perspective Fund
10% - ATHAX = American Century Heritage Fund
10% - NEIAX = Columbia Large Cap Index Fund
10% - MIRTX = MFS Massachusetts Investors Trust
10% - MVRRX = MFS Value Fund

[Nobulladvisor]

Thanks for the info, The Company is Alta Communications. Ive been reading through info sites and have come up with these investments. Im open to see what yall think.

3% - PTRAX = PIMCO Total Return Fund
3% - MCARX = MFS Conservative Allocation Fund

40% - MLRTX = MainStay Large Cap Growth Fund
14% - RNPCX = American Funds - New Perspective Fund
10% - ATHAX = American Century Heritage Fund
10% - NEIAX = Columbia Large Cap Index Fund
10% - MIRTX = MFS Massachusetts Investors Trust
10% - MVRRX = MFS Value Fund

What you picked will be great if you account had $1,000,000 in it. As a said in my last post. No more then three. And here is the reason why; Each of those funds have 200 to 500 stocks in them. Sometimes thousands. being deversified is important, BUT OVER deversifing will hurt your returns. Why will be speading yourself to thin if you choose all those funds. do a 33% x 3 mix and you'll be fine.

[txisboi23]

Thank you for the help!