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Which Portfolio do I choose?

Hi Mr. Solin,

I'm 23 and have been at my job for over a year now.  A few weeks ago, our 401(k) advisor, aka our health care advisor, etc., told me I'm qualified to start retirement planning.  The company we use is called John Hancock Retirement Savings Plan Services.  Our company matches $500 a year on money we put towards savings, so I'd like to save at least $500 a year in order to take advantage of their offer.
My question is this:  how do I know which "lifestyle portfolio" to choose?  My options are conservative portfolio, balanced portfolio, moderate portolio, growth portfolio, and aggressive portfolio.  Our advisor kept pushing me towards aggresive portfolio because he siad "they choose for you - so you don't have to worry about where you're putting your money (i.e. which stocks, bonds, etc. are invested into?).  I'm not sure if that's the best option for me because it was basically the response he gave  to everyone there, which was go for the aggresive one.

Any advice?


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Arax, I tend to agree with your HR person, BUT!  You need to look at what kind of investments are in the portfolio.  Generally agressive is good for younger investors because if there is a big market downturn you have plenty of time to recover.  Of course there is more risk/reward in the agressive market.  This would be a good opportunity for you to get some education in the market workings.  Look at the stocks in the agressive fund.  Then go on line and see what those stocks were worth say a year ago compaired to now.  You could do the same with several of the larger holdings in each fund.  Then look at your ability to stay the course.  If you are going to worry about a 10% drop in your fund, but forget you are up 17% stay with the growth or moderate.  By the way, can't you split your funds and put part in one fund, say 30% in moderate and 70% in agressive.  That way you can compair during the year.
Posted 2009-08-18T23:21:27Z
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