Just started a new job and these are my options for my 401k...what do you recommend contributing to and how much? I am not a finance expert but I know its smart to spread it around to minimize risk

I am 25 by the way and I liquidated my first 401k when I changed jobs to buy a house, so I am starting from scratch. Thanks for the help

Wells Fargo Stable Return Fund N
Wells Fargo Adv Asset Alloc Fd
Wells Fargo Enhanced Stock Market Fund N
Aston/Tamro Small Cap/N
Columbia Dividend Income Z
American Funds Euro Gr R4
American Funds Growth R4
JP Morgan Core Bnd/Select
Wells Fargo Advantage Growth I
WF/ BlackRock S&P MC Index CIT N

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Posted by jimbeam

University of LSU

Member since Oct 2011

75703 posts

Posted on 9/23/13 at 4:37 pm to Geaux17

What are the ER's?

I'd go into

quote:
WF/ BlackRock S&P MC Index CIT N

for sure simple based off of the names.

But I like passive index funds

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Posted by MMauler

Member since Jun 2013

19216 posts

Posted on 9/23/13 at 6:04 pm to Geaux17

Contact your 401K and see if they have any "recommend sheets". My company has a sheet which shows a "Conservative," "Moderate" and "Aggressive" allocation at every 5-year age bracket. The allocation is in terms of the percentage which should be invested in each fund.

If they have it, review it and see which funds they recommend for your age bracket. At 25, they'll almost certainly recommend more equity than bonds, etc. But, I used the sheet to research the individual investments to see which ones were more risky.

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Posted by tojoe

Scott

Member since Oct 2010

335 posts

Posted on 9/24/13 at 12:38 pm to Geaux17

100% long term government bonds. They can't fail. How many old timers have told you this!!!

Ok seriously DO NOT DO THIS!!!!

Just my smart a$$ personality!!

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Posted by Broke