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This is all new to me, just looking for opinions/advice. I'm 32, so I've got 30 + years before I retire ... my investment profile is moderate. I have it set up as follows: INVESCO 500 INDEX TRUST - 20% INVESCO STABLE VALUE TRUST - 40% AMERICAN GROWTH FUND OF AMERICA - 20% PIMCO TOTAL RETURN ADMIN. - 20 % Six other funds to choose from: AMERICAN FUNDS AMERICAN BALANCED A AMERICAN FUNDS EUROSPECIFIC GR A COLUMBIAN ACORN A DREYFUS PREMIER SMALL CAP VALUE A VAN KAMPEN GROWTH AND INCOME A BALDOR ELECTRIC STOCK - SHARE ACCOUNTING (I'm employed with Baldor Electric). Just looking for advice on which funds and which percentages to choose, thank you for help.
So first you have to identify which asset classes the various funds tap into: -Invesco 500 is almost exactly correlated to the S&P500 index (the market--which has returned appx 10% over the last years annually) -The Stable Value is basically a money market fund (like investing in a bank's CD--about 4-5% annual return) -Growth fund of America is a large-cap growth fund -The Pimco one is an intermediate-term bond fund -American Funds Balanced is basically a large-cap fund -The Europacific one is a large-cap blend of foreign companies - Columbian acorn is a mid-cap growth fund -Dreyfus is a small-cap value -Van Kampen is a large-cap value Now it depends on what type of return you are looking versus the associated risk. For example, someone who wants to invest very conservatively will invest mostly in money markets and a little in large cap value stocks (or a market index). For those more aggressive, they may pursue more investment into stocks and even a portion of funds dedicated to growth stocks and foreign investment. Given the fact that you have 30 or more years until retirement, you have the affordability to be more aggressive and “risky” in your decisions. Currently, you are invested very conservatively given the options. You have 40% in a “savings account”, 20% in bonds, and 40% in mostly large-cap companies (a company is mostly classified as small, mid, and large capitalization--referring to size..250million to 1billion is small, 1bil to 10bil is mid, and >10bil is large). You want to be more allocated to growth and foreign investments. I would personally recommend the following weighting: 25% Invesco 500, 25% Stable Value, 25% Europacific, and 25% Dreyfus. This will give you some stability with having 50% of your money mostly domestic with exposure to the growth of smaller companies in the Dreyfus fund and Invesco. You will have a constant growth in the Stable Value fund of about 4-5% for that allocation. And you will have solid exposure to foreign companies in the Europacific fund. *** I might, for the following 1-2 years, overweight the Europacific fund because although domestic growth is slowing, international growth is strong and should continue that way.
At your age, you don't want anything in cash or short-term bonds in a retirement account. You don't need the safety until you are within 10-15 years of retirement. All these will do is put a drag on your investment returns when you do not need the safety it because your time horizon is so far out. Another comment is that you do not want your own company stock to become too much of your net worth. You may not have a choice with this, since some companies use only their own stock for matching funds (though there might be some rule that prevents this in these post-Enron days). But if you do have a choice, make sure that company stock does not exceed 10% of your net worth -- even better, keep it down below 5%. Finally, one problem with these funds is that they all have somewhat high management fees. Which is something that you can't really do anything about, but if you ever leave the company, the first thing to is move your 401K to another trustee (except for the Baldor shares -- own-company stock in a 401k gets special tax treatment at retirement). Also, Invesco appears to be in some sort of trouble every couple of years, I do not regard them as the most reputable players. With these choices, I would dump Stable Value and Total Return as complete wastes of time for the next 20 years. I'd suggest something on these lines for the part that is not company stock: Invesco 500 index trust 50% -- a great core holding Acorn (or American Growth Fund, whichever Morningstar likes better)-- 20% American Eurspecific Growth -- 10% Dreyfus Small cap value -- 20%
You have a sound long term strategy in your fund composition. The only suggestion I might make is to vector some of your 500 index trust and Growth fund to Europacific to get the better balance of Foreign stock holdings. About a year from now since you do have 30 years until retirement the stable value trust should be reduced to 20 % and the funds moved to equities. But for now leave them there.
Cashing out a 401k = earnings Taxes plus a 10% Penalty Cashing out an IRA from a rolled over 401k = earnings Taxes plus a 10% Penalty there is not any vast difference. The trustee will withhold 20% immediately yet that often would not hide the full tax invoice and you will could arise with greater at tax time.
Madmoney hit it pretty good. I would say stay away from Small Caps and anything to do with housing and finance. Focus on international, particularly Asia. They will outperform. It is new-jersey to have part of your money in cash as that may be the only asset that makes money if we go into a bear market.
I REALLY hope that someone answers this question because I really I know you'd like to be able to settle this and learn more about it. PLUS you talk about it SO much, maybe I won't have to hear about it as often! J/K! I LOVE YOU!!