I received information about 401K and other investing information from my opportunity and I have to form a decision and submit the forms today! There are Fidelity plans and we hold to pick what % of our check would go into the plan but we can split it between plans. I believe I am going with Fidelity Freedom 2040 Fund (I'm 28) but next I was thinking just about choosing another fund. They have Small Cap Stock Fund, Blue Chip Growth Fund, Agressive Growth Fund. I am SO confused. I simply want to pick the best one but I really don't know much about this so I am afraid I am going to pick the wrong one! I know it depends on the creature but does anyone have any direction about splitting the funds or should I in recent times do 100% in the 2040 Fund?? Thank you so much for any suggestion!
Answers: The 2040 is a good fund and at hand is nothing wrong next to going 100% on that fund since is specifically designed for your retirement horizons. The fund managers do adjectives the work for you. You can always do some research on investing and the investments offered and amendment it later. However, I would in recent times put everything in in that for now and forget something like it.
I agree with Scott on this. The Freedom funds be designed for people who know nought about investing and don't hold time to do all the research. It keep those people from putting adjectives their money in a money open market.
Once you become a little more investment savvy, you can try picking your own funds. You enjoy a while to retire so you have time to experiment a touch.
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Answers: The 2040 is a good fund and at hand is nothing wrong next to going 100% on that fund since is specifically designed for your retirement horizons. The fund managers do adjectives the work for you. You can always do some research on investing and the investments offered and amendment it later. However, I would in recent times put everything in in that for now and forget something like it.
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I agree with Scott on this. The Freedom funds be designed for people who know nought about investing and don't hold time to do all the research. It keep those people from putting adjectives their money in a money open market.
Once you become a little more investment savvy, you can try picking your own funds. You enjoy a while to retire so you have time to experiment a touch.
Resolved Questions: