
What's a good 401K allocation mix for these current times for a 24 year old person?
I'm 24 year old now..and i plan to join my company's 401k Plan. I'll put in 6% of my salary and the match is 3.5%...Here is the list of Funds.
EQ/ Alliancebernstein Small Cap Growth
EQ/ Equity 500 Index
EQ/ Global Multi-Sector Equity
EQ/ Money Market
EQ Federated Max-Cap Index Fund
EQ Fidelity Advisor Balanced Fund
EQ Fidelity Advisor Equity Income Fund
EQ Fidelity Advisor Overseas Fund
EQ Fidelity Advisor Stock Select All Cap
EQ Franklin Growth Allocation Fund
EQ Franklin Growth Income Fund
EQ Invesco Small Cap Growth Fund
EQ Janus Growth And Income Fund
EQ Mutual Shares Fund
EQ/Large Cap Growth Index
EQ/Quality Bond Plus
Guaranteed Interest Option
Target 2015 Allocation
Target 2025 Allocation
Target 2035 Allocation
Target 2045 Allocation
Let me tell you a bit about myself. I understand higher risk higher profile. But im a little conservative person. Please advise me how should i pick my portfolio. Thank you!
Generally at your age it is better to stay away from the money markets and bond funds, or at least keep the bond funds to less than 10%. Many managers would allocate about 20% into international stocks. If you are more conservative, you can include a slightly higher percentage in for example the 500 or large cap growth.
It would really help you though if you read some basic books like Mutual Funds for Dummies as well as Investing for Dummies. They will help you sort out a lot of things.
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