Hello all. I’m 30 years old, fairly new to this subreddit and have been reviewing some posts about investment directions for traditional 401k and how people suggest which choices to pick. My 401k is company provided thru Merrill Lynch. They offer a limited amount of equity/stocks, bonds, and allocation funds. The current balance of the 401k is around $131,000. Here are the choices I have available, listed by their symbol, followed by their gross expense ratio:
Equity/Stocks:
DFGEX; 0.28%
FSCVT; 0.526%
HASGX; 0.88%
JBOBT; 0.34%
MINJX; 0.67%
VIITD; 0.012%**************
VIEMD; 0.03%
VITMD; 0.05%
Bond/Fixed Income:
BUNMT; 0.04%
BSIOT; 0.51%
ALLOCATION FUND:
BLKHT; 0.07%**************
STABLE VALUE:
FDMP4; 0.30%
The majority of the portfolio, about 90%, is in BLKHT which is the lifepath index fund for 2060. This is due to it being the default during the setup for the 401k and me not knowing any better to change it for a while. The rest is in VIITD which is a Vanguard option that tracks the S&P 500 from what I understand. My current allocation is 80% going to BLKHT and 20% going to VIITD.
Is this a good strategy? Should I be more aggressive or switch up the portfolio more? Thanks for all responses and advice!