re: Thoughts on This Fund

The FLGEX fund is also a large cap growth fund and outperforms the fund you are considering at the 5 year mark.

The big difference is where the funds money is going, the FLGEX is 98% in US stocks. The alternative is only 52% in US. So when the US is doing well so are you, but when the international market is doing well you may miss out.

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I'd consider adding the FWWFX if only to cushion myself in the event that the US Stock Mkt has a tumble.

At a more elemental level, I'd tell you to better diversify now instead of waiting. Energy and Large Caps are great but you may be better served in the long term by getting into some small or mid cap funds.

If you dont like the idea of buying and switching allocations then consider investing all of the money in a target retirement date style fund. In this way all you have to do is contribute and let a professional manage the portfolio choices for you.

ETA - I'm not a financial manager but a miserly MBA who likes dabbling with investments. Use my advice accordingly.