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fidelity 401k - what to invest in?
Old 08-14-2011, 11:31 PM   #1
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fidelity 401k - what to invest in?

Hello all,

I have been addicted to this site for some time now. I will introduce myself in a different thread, but for now, here is my question.

I contribute the max ($16.5) in my 401-k. I'm 37 years old and just 1 year out of grad school. My income is around $130-$150k depending on how much overtime I work. I have a fidelity 401-k.

I will post what is available to me for investment. right now they have me in 100% of the fidelity freedom 2040 fund. They assume i will retire in 2040. However, my plan is to retire at 50 in 2024. at least that is my plan. I have no kids, my only debt is my mortgage of 110k which i intend to pay off in the next 2 years. I am living WAYYYYYYY below my means.

anyway, not to get off track, here are my avail investment options and I would like to ask the forum what they think my best options would be for investment. maybe a % of each type? etc. here are my avail investements..... what would you guys invest in, and how much %?

i'm investing the max and will continue to do so until my ER.

thank you in advance. any questions please ask. At the moment, I have only $21,000 in this 401-k but that will increase by the max every year.


Large Cap

DAVIS NY VENTURE A

FID CAPITAL APPREC

FID CONTRAFUND

IVK GRTH & INC A

APTN 500 INDEX INV


Mid-Cap

COL MID CP OP R4

FID LEVERGD CO STK

FID LOW PRICED STK

MSIF MID CAP GRTH P


Small Cap

ABF SM CAP VAL INV

KEELEY SMALL CAP VAL

MSIF SM CO GRTH P


International


FID INTL DISCOVERY

LZRD EMRG MKTS EQ IS

OPPHMR INTL GRTH Y



Blended fund investments


there are freedom funds for several years...... but i'm in the 2040

FID FREEDOM 2040 (this is what I have 100% invested in right now)

FREEDOM INCOME

FID PURITAN



Bond Investments


Stable Value

FID MGD INC PORT

Income

FID INTERMED BOND


I would love to know what you guys suggest for me. I am brand new to this and just now beginning my education in finance. I'm a Nurse Anesthetist and have only science in my brain at the moment. lol. Thank you.

Moderator edit: this thread was relocated to "FIRE and money because it is a request for investing advice
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Old 08-15-2011, 08:34 AM   #2
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hey floridanurse, welcome to the forum. When I was with mega corp, the 401k plan was administered by Fidelity. Thought they were very effective overall. I am aware of the Freedom Plans and wondered if you have reviewed the 2020 and 2030 plans and what investments they include. Naturally, the later the planned retirement year, the more aggressive the fund. You can mix it up to suit your own thoughts. Like 50% of your total investment in Freedom 2020 or 2030 and the remaining 50% split among other funds.
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Old 08-15-2011, 08:40 AM   #3
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The Freedom fund closest to your expected retirement date would be easiest. The 2040 fund would be similar, just more aggressive which should provide higher returns though more volatility (risk).

If you want to slice and dice, I'd suggest you read a little on Scott Burns Couch Potato portfolio or the Coffeehouse Investor portfolios. You will want to understand the purpose of each holding and rebalancing for yourself IMO. Freedom Funds are for those who want selections and rebalancing done automatically, and that serves well for many people. Best...
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Old 08-15-2011, 09:47 AM   #4
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Low Cost spartan S&P 500 as core.

Contra Fund and Low Priced Stock have excellent fund managers with good long term records.
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Old 08-15-2011, 03:31 PM   #5
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contrafund for sure
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Old 08-15-2011, 09:14 PM   #6
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Fstmx
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Old 08-16-2011, 09:07 AM   #7
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I would even spread (1/5th each) in LC, MC, SC, Intl, & Bonds
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Old 08-16-2011, 09:40 AM   #8
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I would post at Bogleheads.

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Old 08-16-2011, 10:08 AM   #9
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Quote:
Originally Posted by travelover View Post
I would post at Bogleheads.

Getting Started - Bogleheads
+1

I just did a little historical compare of the Fidelity 2040 fund vs. the S&P 500 and they behave the same but the plain vanilla S&P outperforms slightly, it looks like.
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Old 08-16-2011, 05:21 PM   #10
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thank you all for the tips and the links.......
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Old 08-16-2011, 05:29 PM   #11
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wow. they must pay florida RN's really good down there!

Or are you a NP?
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Old 08-16-2011, 05:49 PM   #12
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Yes, NP, specifically I'm a CRNA. Certified Registered Nurse Anesthetist. and actually my $150k/yr is low compared to the rest of the country. However, I get to swim in the ocean several days a week and I guess that makes up for it. I guess I need to go introduce myself in the appropriate section.

I am just 2 years out of school, and have not changed my lifestyle one bit. In fact, I am living on less.
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Old 08-17-2011, 07:58 AM   #13
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+1

I just did a little historical compare of the Fidelity 2040 fund vs. the S&P 500 and they behave the same but the plain vanilla S&P outperforms slightly, it looks like.
+2. The first question to ask yourself is how much risk are you willing to accept in your portfolio, and then determine your allocation (stocks-to-bonds). Picking the funds is the easy part. Like the others said, post this over on the Bogleheads forum and you will get some detailed responses.
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Old 08-19-2011, 09:24 PM   #14
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Do you have Fidelity Brokerage Link?
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Old 08-19-2011, 11:18 PM   #15
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I would post at Bogleheads.

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+2
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Old 08-20-2011, 12:58 AM   #16
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+1

I just did a little historical compare of the Fidelity 2040 fund vs. the S&P 500 and they behave the same but the plain vanilla S&P outperforms slightly, it looks like.
Although the expense ratio is very low there are a few expenses even for an index fund (if nothing else the custodian and auditors to hold the stocks so that its harder to pull a Madoff).
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Old 08-20-2011, 03:49 AM   #17
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the biggest factor is not what we think but what you think.. investing is all about your own pucker factor and stomach for risk. if we put you all in equities and you panic or cant sleep at night and you bail out each downturn what we think will not matter.

the financial world likes to do risk and allocations by age. that is wrong wrong wrong.


its never about age. even a 65 year old still has money they wont need for 15 to 30 years. with time like that odds are greatly in favor of not losing a penny in equities if you stick to the plan.

on the other hand a 25 year old who panics each time and loses money should not be allocated heavy in equities because of their age..
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