I have all of my 401k invested in this mutual fund, which is $52,000. Should I just hold on to this, or split it up with the Vangaurd 500 fund.Thanks.
I have found that money money around has not always been the best thing to do. I have done it one, in the last three years within my 401k. And it turned out not to be benefical. What has worked best for me is to change my contribution allocations. I would say this. I would be purchasing more Vanguard today than New Horizon. I am a believer n asset allocation.But do it with all your portfolio not just within your 401k.
It is often not good to have all of your assets in a single fund. New Horizons is a good fund but diversification is central in any long term savings strategy.go to morningstar and identify good funds in each of the main asset classes, large cap growth, large cap value, quality bond, etc and then ask the question. What is the best asset class allocation for me given1. my time horizon - when will I want to spend the money2. my ability to accept riskWhen you have done these thing only then can you get an answer to your question.I hope this helps
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