[Alex]

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Originally Posted by Alex I'd go with one of Vanguards Target retirement funds- instant diversity and low low cost. Target 2045 for instance has the following AA: Vanguard Total Stock Market Index Fund 72.1% Vanguard European Stock Index Fund 10.5% Vanguard Total Bond Market Index Fund 9.9% Vanguard Pacific Stock Index Fund 4.7% Vanguard Emerging Markets Stock Index Fund 2.8% Total—100.0% Here is a great article about these funds. https://institutional.vanguard.com/V...lesTRFunds.jsp

OOPS!! I just realized you don't have access to the Vanguard funds full line-up. Given the small set of options, I'd opt for the Freedom fund. It's simple and it gives broad diversity. You could do far worse! Here is what M* has to say about it:

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This target-date fund, aimed at investors for whom retirement is more than 40 years away, certainly has some points in its favor. First, its 0.76% expense ratio is quite reasonable for a fund that allocates nearly 90% of its assets into equities and provides significant exposure to foreign and mid-cap stocks.(And that price tag will only drop as the fund increasingly shifts its assets into Fidelity's fixed-income funds, which tend to be cheaper.) Kudos One of the cheaper options in its category. Fidelity has substantial expertise across a number of asset classes and investment styles. Risks The fund holds nearly 20 other Fidelity funds, resulting in substantial overlap. Some of the underlying funds are middling performers or are run by inexperienced skippers.

AA
Cash 3.0
Stocks 87.9
Bonds 7.7
Other 1.4
Foreign Stocks 24.2 (as a % of assets)