My wife has a 401k through her work that she contributes to after we've maxed out our two Roth IRAs. Since my job does not provide a 401k, she contributes 25% of her salary (90k) for the two of us. However, I'm the most finance-savy of the two of us, so I've been mainly managing it.
My worry is the following: I've hand picked some stocks that seemed to perform well instead of the default 2055 target fund, but I have no idea if I'm in the case of "all eggs in one basket" that I've just recently seen on this sub… This is our current investment elections:
- FID GROWTH CO K (FGCKX): 35%
- FID OTC K (FOCKX): 35%
- FID REAL ESTATE INVS (FRESX): 15%
- FID INTL INDEX (FSPSX): 10%
- FID FREEDOM 2060 K (FNSFX): 5%
Are there any red flags in those investment elections I should be aware of? Should we invest in a mutual fund like the FXAIX (S&P 500) instead (just heard of those while lurking on this sub)? We're in our late 20s, our current 401k balance is $42k, YTD is 26%, 1y return is 13%.
Thank you very much for any feedback you're able to offer.