Hello folks. I'm in the process of rolling over my 401(k) account from my old firm into a new IRA. I finally opened the account at Waterhouse this morning, now I have to decide which funds to choose. I had started to do some research on mutual funds several weeks ago but then lagged off. Now that I've got the account open I'm overwhelmed by all the information there still is to assimilate ...
I've already decided on Vanguard S&P 500 Index and Vanguard U.S Growth but I haven't digested all the information I have about other funds, so I haven't made up my mind what else I'm going to get yet (probably an international fund, a small-cap fund and a mid-cap
fund). In the meantime, should I put half of my money into the two Vanguard funds and half in a money market account, or should I just pick a couple of
other funds to park the other 50 percent in for the meantime until I make up my mind, and then transfer the money then? (I also haven't decided on the ultimate ratio of funds I'm going to end up with, but figure I should get at least half of my money working right away until I decide that too.) (I'm 41 and have only saved $18,000 so far.) Any thoughts?