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401k help!

S

SmackD

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

QFT

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