jiwonstr
Jul 24, 2008, 01:05 PM
Hi everyone,
I'm 24 year old who just kicked off fulltime employment in January this year. I have vested 5% of my paycheck into my 401(k) - although my firm doesn't match it for me just yet. I have distributed my 401(k) contribution into 5 different investment options. 3 with stock/equity and 2 with mutual funds.
I have distributed 70% into 3 stock/equity and 30% into 2 funds. I was wondering if my strategy is well stated. I have friends telling me to go more on stock/equity than funds since I get more in return when I retire. Should I go 80/20 on those options?
Also, I'm planning to open a Fidelity Roth IRA and put another 5% there. Do you, financial advisors think this is a good option?
What other personal investment can I do? I'm looking into long-term CDs starting 2009.
Thanks,
Josh
EDIT
Sorry, I for some reason, thought providing the stocks should be confidential, but it totally isn't. Here they are.
1. REREX (Equity/Stock) 2. DODFX (Equity/Stock) 3. Merrill Lynch (Fund Code: 14240, Equity/Stock) 4. GSOIX (Bond/Fixed Income) 5. PTRAX (Bond/Fixed Income)
Does this help? I can provide full names if you want, Thanks!
I'm 24 year old who just kicked off fulltime employment in January this year. I have vested 5% of my paycheck into my 401(k) - although my firm doesn't match it for me just yet. I have distributed my 401(k) contribution into 5 different investment options. 3 with stock/equity and 2 with mutual funds.
I have distributed 70% into 3 stock/equity and 30% into 2 funds. I was wondering if my strategy is well stated. I have friends telling me to go more on stock/equity than funds since I get more in return when I retire. Should I go 80/20 on those options?
Also, I'm planning to open a Fidelity Roth IRA and put another 5% there. Do you, financial advisors think this is a good option?
What other personal investment can I do? I'm looking into long-term CDs starting 2009.
Thanks,
Josh
EDIT
Sorry, I for some reason, thought providing the stocks should be confidential, but it totally isn't. Here they are.
1. REREX (Equity/Stock) 2. DODFX (Equity/Stock) 3. Merrill Lynch (Fund Code: 14240, Equity/Stock) 4. GSOIX (Bond/Fixed Income) 5. PTRAX (Bond/Fixed Income)
Does this help? I can provide full names if you want, Thanks!