So my best friend is very well off, much better than me, but has no idea what to do with all of her money. She's 28, and has a $300k net worth. She told me that all of her 401k is in a Vanguard 2050 Target Retirement fund, but she wanted to play around with diversifying her contributions. She doesn't have the VTSAX or the VTSMX as options, but has some other good ones through her employer. I suggested the following mix, but wanted to check here to make sure I gave her solid advice:
50% 2050 Target Retirement Fund
20% Vanguard 500 Index Fund Investor Shares (VFINX)
5% Vanguard Small-Cap Index Fund Investor Shares (NAESX)
5% Vanguard Mid-Cap Index Fund Investor Shares (VIMSX)
5% Vanguard Total International Stock Index Fund Investor Shares (VGTSX)
15% Vanguard Total Bond Market Index Fund Investor Shares (VBMFX)
As always, thank you all for your great advice!