No. of Recommendations: 0
Ok - I just realized one of my many foolish mistakes. I always thought diversity was spreading my 401K amongst the different mutual funds my company offered. I also have known for some time that the best fund is an index fund, one that matches the S&P 500 for instance. Well, my company has an index fund, matching the S&P of which I only had 20% invested into. After reading Is Your 401(k) Foolish?, I realized I was not following what I had really known all along - shame on me. Well, needless to say, the money is in the right spot for know.

HOWEVER, my company just started offering a Schwab Personal Choice Retirement Account whereby I can direct my investments into any stocks listed on the big 3 or pretty much any mutual fund out there (pretty cool benefit).

Here's where I need some advice (I'm like a kid in a candy store but my mom is holding the reigns.)

Assuming a $10-15K bag of goodies and an aggressive investment approach, what does the board feel would be the "foolish" way to go? Follow one of the rule breaker/maker portfolios? Pick 5-10 stocks that are similar breaker/makers? Keep it in the index fund? Or, some other strategy?


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