Posted on April 14, 2010.
What ING 401k plan? I sign for a 401k plan for the first time. We have ING. I was wondering where I can find more information on the various funds? I do not want to invest in anything mortgage or credit card related, but rather the technology and things I believe in. These are the options on my form. What should I do?
ING has set (xxx)
ING VP Money Market Portfolio - I (003)
ING Intermediate Bond Fund - (497)
Pioneer High Yield Fund - A (948)
ING VP Strategic Alloc Consv prtf-I (033)
ING VP Strategic Alloc Growth Port-I (031)
ING VP Strategic Alloc Mod prtf-I (032)
Pax World Balanced Fund (193)
ING VP Index Plus LargeCap Port - I (035)
Fund Oppenheimer Main Street - A (958)
Washington Mutual Investors Fund-R3 (482)
Fidelity VIP Growth - Init (109)
Baron Asset Fund (921)
Lord Abbett Mid-Cap Value Fund - A (976)
Lord Abbett Small Cap Value Fund - A (362)
ING JPMorgan Int'l Port-Init (104)
New Perspective Fund - Class R-3
None of these funds are specific to the technology - which is good for you and your business. The company has an obligation to keep your 401K diversified.
The Paris area is making fun and can be rewarding, but can also affect your return if you're wrong. It's money for retirement and should be treated as such.
The simplest option - if you're not familiar with the investment is to make the strategic allocation of ING BP based on your risk tolerance. If you do not want to do that, the remaining funds in this portfolio are very good money .... Remember to keep your balance. Use international, U.S. large cap, bonds, and small quantities of small and mid-cap funds ....
Good luck.
Look for funds to each Morningstar.com and see what everyone is investing in and what is its long-term performance has been. If you are young, choose an asset allocation of shares is at least 80% and includes international stocks. Need to understand more about investing? Read "Investing for Dummies."
