Hello all,
I am new to this investment thing. I have been working for 2 years now and have 40k saved up in my 401k. I just recently realized we have options of what fund to invest in. By default I am in a "Smart Mix Aggressive Fund"
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40% Large Cap
17% International
10% Mid/Small Cap
10% Emerging Markets Stock
9% Real estate
5% High yield bonds
5% Investment grade bonds
3% Emerging market bonds
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The issue is it has a 0.62% fee. I discovered we have a "Stock Index Fund" that seems to just track the S&P 500 and has a 0.10% fee.
Would it be a smart idea for me to move all 40k over to the Stock Index fund? Will I lose any money by changing funds?
I also have 10k in VFINX S&P 500 Fund in my Roth IRA.