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Greetings, Scott, and welcome. You wrote:

<<I started participating in my company's 401(k) in mid-1998. My company's plan provider is Cigna. I withhold the maximum 16% of my paycheck and my company matches 100% of the first 3%, 50% of the next 2%. So 20% of my gross earnings is invested every two weeks (did I do that right?).>>

Yes, you did.

<<80% of my withholdings are invested in Invesco Dynamics (FIDYX) and the remaining 20% in Lazard Equity (LZEOX), both of which seem to be vastly outperforming the S&P 500. Invesco Dynamics shows a return of 72% for 1999.

After reading the “Is Your 401(k) Foolish?” article, I'm concerned that my investment approach may be dangerous for the long haul. I selected the Invesco fund primarily for it's high rate of return and the fact that it had a large percentage of technology stock holdings. I'm considering transferring my investments to the Large Company Stock Index Fund managed by Cigna.

Did I just get lucky, or was Invesco the way to go? Am I not doing as well as I think? Maybe Invesco has run it's course and it's time to move on?

I'm 28 and married one year.>>

Sounds to me as if you're doing just fine. However, overall the long haul the vast majority of managed stock funds fail to equal or beat the S&P 500 Index. Yours are doing so right now, and that's great. But keep your eye on the long-term, not year to year. If you have an index fund available within your plan, that might be the better place for your money to ensure the greatest growth by the time you get to retirement. I don't think your choices are "dangerous" for the long term, only that in that long term their returns may be below that of the index fund. The vast majority of managed stock fund returns are. So just keep an eye on them. If they show lagging performance, switch at that time.

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