Thanks for all of the help everyone :) I do know the rule about not pulling your money out of the market when it dips! Even though I haven't done anything financially since starting work other than my 401k, I would always check it and I guess be amused about the ups and downs. I knew not to touch it and I was cool with the fluctuation. I'm wondering if I'll be naturally inclined to feel so cool with it now that my "real" money is in the market and not just my "old" money. I think I will but you never know. I have a lot of reading ahead of me!
The 2045 Target Date Fund has an asset allocation of 88.45% stock, 8.93% bond, 1.31% cash, and 1.3% other. The fund inception date is 12/28/2012, is that ok? When I click on a performance and risk tab says that this is not a mutual fund. Then under Cumulative Total Returns it lists Target Retirement 2045 Fund, then under that MSCI US Broad Mkt (G), then under that Vanguard Retirement 2045 Composite Index. I can't tell if they are comparing the Target 2045 fund with the other two, or of the fund is made up of the other two.
COGuy, you mentioned the "inevitable big drop". Do you just mean big drops that happen periodically, or do you/investors think something like 2008 is on the horizon?
Finally, do you guys have any good resources for either podcasts or something I can listen to in the car to learn some of what I need to know? I have a long drive tomorrow and monday and need something to listen to!