Just got my very first 401k. It’s with T Rowe Price, should I select the age based investment or the build your own portfolio? If it’s the latter, what would you recommend. Fresh college hire btw

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You’re young, I’d go with 90% whichever of those funds is closest to sp500 index (prob the vanguard) and the 10% emerging market and let it ride. As you age you can shift into more conservative positions.

likehelpful

Target date funds are probably the simplest. Also pay attention to the fee structures so you don’t get screwed.

likehelpful

Are there no target date mutual funds?

If you’re not going to check it and make changes consistently, just go with one of those so the fund will rebalance itself.

likehelpful

Thank you!!

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Since you are young, you can afford to go with some higher risk options to start.

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Contra fund has traditionally outperformed the S&P and is a closed fund now to outside retail investors. So I’d consider putting some % into that. Then monitor the mix each quarter to see how they’re performing. For example if you put 20% into contra and after 1 qtr you see it’s at 21%, they means it’s outperforming the other assets. Maybe rebalance every now and then or revisit your mix.

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These are my choices. Not really sure what direction I should take. Thank you

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Would not recommend bonds given the horizon.

helpful

I guess my second question would be, as someone starting out & is completely new to this. What resource would you recommend I use to get myself educated. Currently looking at Morningstar & fishbowl’s advice

No problem. Always happy to help and good to see you’re taking interest in it.

Educating yourself and being disciplined about retirement early will save you a lot of headaches in the future.

uplifting

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