Also, you say you are going to invest 60% in stocks. Do you have a lot of experience picking stocks? This is a time consuming and risky way to invest your money. Since you are just starting out, it would make more sense to work on building a diversified portfolio of low cost mutual funds.

Yes, I'm no stranger to picking stocks. I also subscribe to the MI (Mechanical Investing) concept with pretty good success rate. I know that some people are very opinionated about MI in general, but this is a portfolio allocation discussion :)

I'm not sure I like the idea of building the portfolio consisting mainly of mutual funds. This means I am in danger of being overdiversified and my returns will diminish (end up being closer to something like the S&P 500, if not under). But if I wanted to put my entire portfolio into mutual funds, I would probably have went with Janus' "Smart Growth Portfolio" option instead.

Remember, I'm building this portfolio to maximize "capital growth" which means I embrace higher risk at this point of my life. I also expect the portfolio to outperform S&P 500 index. I guess I should have mentioned that I have had some investing experience. It's not a question of if I'm comfortable with picking stocks (I am), it's a question of if I'm comfortable with my portfolio allocation (I am somewhat, but I value other people's feedback.)