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It's nice to see you investing at such a young age. Good for you! Two suggestions: (1) If you can, invest more than 5%. At least 10% is an old rule of thumb but more is better. You will be glad one day that you did. (2) You have more funds than necessary. There's likely a great deal of overlap with your current holdings. Someone your age should be on the aggressive side; therefore, I would steer clear of asset allocation funds(many contain bonds of some sort and you don't need them at this time). Ditto for the bond and money market fund. I would focus on the S&P 500, a broad-based international fund(many countries around the world, not just one continent) and MAYBE a small or mid-cap fund. If I was 22 again I might divide it up like this:
S&P 500=50-60%
Hope this helps, and keep saving/investing as much as you can.
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