Hi, I just started a 401k with my small firm through The Hartford.
They offer the following funds:
AIM Real Estate
AllianceBernstein International Value
Lord Abbett Small Cap Blend
Fidelity Advisor Leveraged Company Stock (Mid Cap)
American Funds The Growth Fund of America (Large Cap)
The Hartford Value Opportunities (Large Cap)
Franklin Income
Oppenheimer International Bond
What I really want to know is if we should continue with The Hartford. My financial knowledge is nil, but I trust your recommendations. Even though our firm just started a 401k plan, I don't want to make any huge mistakes with the company I'm using. I had heard some interesting things about the amount of fees they charge to manage the funds and I'm not sure I totally understand it. Some of the garbage they send about the 401k investment program is just absolute mumbo jumbo. Our broker recommended the company, and I'm just concerned. If we made a mistake, I could put up enough fuss to get it changed.
My second and less crutial delema is regarding the allocation of investments. I already have a balanced IRA which is pretty much a domestic large cap fund, so I was planning on mainly investing in the Fidelity Advisor Leveraged Company Stock and the Alliance Bernstein International Value.
I am 27 YO single guy and just getting into the investing game. I don't mind a medium-high amount of risk considering my age and current financial status. I would greatly appreciate it If you have any recommendations as to what direction I should be headed.
They offer the following funds:
AIM Real Estate
AllianceBernstein International Value
Lord Abbett Small Cap Blend
Fidelity Advisor Leveraged Company Stock (Mid Cap)
American Funds The Growth Fund of America (Large Cap)
The Hartford Value Opportunities (Large Cap)
Franklin Income
Oppenheimer International Bond
What I really want to know is if we should continue with The Hartford. My financial knowledge is nil, but I trust your recommendations. Even though our firm just started a 401k plan, I don't want to make any huge mistakes with the company I'm using. I had heard some interesting things about the amount of fees they charge to manage the funds and I'm not sure I totally understand it. Some of the garbage they send about the 401k investment program is just absolute mumbo jumbo. Our broker recommended the company, and I'm just concerned. If we made a mistake, I could put up enough fuss to get it changed.
My second and less crutial delema is regarding the allocation of investments. I already have a balanced IRA which is pretty much a domestic large cap fund, so I was planning on mainly investing in the Fidelity Advisor Leveraged Company Stock and the Alliance Bernstein International Value.
I am 27 YO single guy and just getting into the investing game. I don't mind a medium-high amount of risk considering my age and current financial status. I would greatly appreciate it If you have any recommendations as to what direction I should be headed.
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