401k allocation question

Another Doug

Joined: Jan 16, 2009

Posts: 4,994

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

4:11p, 4/25/18

AG

Met with Financial adviser about adjusting my 401k allocations (this is one my company controls, so adviser doesn't have anything to gain from advice).

Most of what he recommended was pretty tame, but he said to stick 30% in the "Foreign Large Growth" fund (namely OIGYX). What says texags?

Good Poster

Joined: Sep 25, 2011

Posts: 20,540

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

6:00p, 4/25/18

AG

Asking a professional and then verifying their advice on here with strangers is super texagsy

But

As long as he evaluated your risk tolerance and distributed the rest of your allocations accordingly then the fund looks fine. Hard to tell without knowing your other fund options within the 401k plan.

3

Old Buffalo

Joined: Oct 2, 2010

Posts: 5,459

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

6:20p, 4/25/18

AG

30% international is a pretty good rule of thumb. I am 60/30/10 (US/INTL/Bonds) right now. There's definitely diversification benefits.

I don't know if 100% of that 30% should be in large caps, you'd probably want some exposure to small to mid caps in developing areas since that's where growth is going to come from.

Another Doug

Joined: Jan 16, 2009

Posts: 4,994

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

In reply to Good Poster • 9:36p, 4/25/18

AG

Money Ag said:
Asking a professional and then verifying their advice on here with strangers is super texagsy

But

As long as he evaluated your risk tolerance and distributed the rest of your allocations accordingly then the fund looks fine. Hard to tell without knowing your other fund options within the 401k plan.

I understand where you are coming from, just mainly looking for a sanity check. The same guy did not advise me to do the same amount when I last reallocated, and this was a pretty big jump so I wanted a collective second opinion (along with some additional research on my own part).

YouBet

Joined: Jan 9, 2001

Posts: 62,626

User Profile

Private Message

Ignore User Stop Ignoring

How long do you want to ignore this user?

24 hours One week Permanently Cancel

11:11p, 4/25/18

AG

He could be one of the folks in the vanguard predicting a US recession later this year and is wanting you to diversify against that. It's definitely a topic that is starting to bubble up in some circles I'm in. But...who knows.

1