Quote:
Originally Posted by eDave
Hey guys. I've got a friend who is new to the 401K thing, though he has around $25K so far. He is same age as me, 50. His company matches up to 4%. He is contributing 10%.
What would be the the best 401K portfolio for a guy like that? He'll assume more risk as he'd like to maximize over the next 15 years. Don't know his salary, but in the 28% bracket.
I recommended small/midcap fund but would like to hear other's thoughts. And those went to shit today. Down 2.75%.
Thank you Gentlemen,
eDavid
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I hope he realizes he is making 40% on his money without it doing anything
I would select 5 sectors for someone our age, I'm 53.
1. S&P and large cap 25%
2. Total return 20%
3. International Fund 15%
4. High Growth 20%
5. High Yield 20%
If rates start to rise move money out of high yield.
My portfolio allocation is attached from today's Paychex login