401k help!

[SmackD]

Trying to figure out where to allocate money into my 401k but I really don't have a clue on what I'm doing. I'm 22 putting 6% with a 3% company match. I currently have the following allocations with about 15k$ total. Any help would be much appreciated .

Fidelity Contrafund - 25%
Dodge & Cox Stock - 25%
Lord Abbett Mid Cap Value(Y) - 25%
Wells Fargo Advantage Small Cap Opp-ADM - 25%

Here are the funds that I have available


DODGE & COX INCOME
DODGE & COX STOCK

VANGUARD WELLINGTON ADMIRAL
VANGUARD INSTITUTIONAL INDEX

AMERICAN CENT INCOME & GROWTH
AMERICAN CENTURY ULTRA

FIDELITY CONTRAFUND

WF ADVTG LARGE CO GROWTH-(I)

LORD ABBETT MID CAP VALUE (Y)

ARTISAN MID CAP

J.P. MORGAN INTL EQUITY SELECT

WF ADVANTAGE SMALL CAP OPP-ADM
WF AVTG CONSERV ALLOCATION
WF ADVTG MODERATE BALANCED-ADM
WF ADVTG GROWTH BALANCED-ADM
WF ADVTG AGGRESS ALLOC -ADMIN
WF ADVANTAGE GROWTH EQUITY-(I)

 

[edro]

Just get the symbols for each of those funds, and check the market. Since you are 22, you want long term investments (stocks). Pick a few Large Caps and Mid Caps. Your distribution looks fine as it is though.

 

[Cal166]

You're 22 and you already have $15k in 401k. Damn you are making a lot...

 

[Playmaker]

Originally posted by: Cal166
You're 22 and you already have $15k in 401k. Damn you are making a lot...

QFT

At 22 didn't you just graduate? Or have you been working there for awhile?

 

[everman]

Fidelity Contra is closing to new investors at the end of the month, it's bigger than magellen now. That said, I think it still has a good long term outlook as the management is very good. It's large cap growth, should be one place to put a good amount of money.

See morningstar.com for any fund info you want.

 

[Ricochet]

D@mn. That's pretty good. You're starting early. I didn't start mine until I turned 26.

 

[batchusa]

Put more $$ in.

 

[Cal166]

Originally posted by: batchusa
Put more $$ in.

I agreed. Since you are young, you should put in the max your company allows you. Its pre-tax money!

 

[SmackD]

I started working 2 and a half years ago, still working on finishing my degree, and should be done next Spring. I am surprised at how quickly my 401k has grown but at the same time I wasn't sure if I was putting it into an ideal allotment.

 

[JLGatsby]

"Diversification is a hedge against ignorance."

--Warren Buffett