Just started investing on my own a few months ago. I have about $50k in an employer-sponsored 401k and another $22k in Roths after contributing for both my wife and I in 2017/18.
Right now, I have 100% of this invested in a simple Vanguard Retirement Account target 2040.
My question - is that a bad idea? If I just keep socking my money into that one fund, am I 'diversified enough?' Or is it a bad idea to have all of your money in one fund?
For somebody new like me (and someone who favors simplicity and without a lot of knowledge yet) will this probably be ok at least for a few years?
Right now, I have 100% of this invested in a simple Vanguard Retirement Account target 2040.
My question - is that a bad idea? If I just keep socking my money into that one fund, am I 'diversified enough?' Or is it a bad idea to have all of your money in one fund?
For somebody new like me (and someone who favors simplicity and without a lot of knowledge yet) will this probably be ok at least for a few years?
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