Ing Pioneer High Yield Fund
Which ING 401k plan?
I am signing up for a 401k plan for the first time. We have ING. I was wondering where I can find more information about the various funds? I don’t want to invest in anything mortgage or credit card related, but rather technology and things I believe in. These are the options on my form. What do I do?
ING Fixed Account (xxx)
ING VP Money Market Portfolio – I (003)
ING Intermediate Bond Fund – A (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)
Oppenheimer Main Street Fund – A (958)
Washington Mutual Investors Fund-R3 (482)
Fidelity VIP Growth Portfolio – 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 technology – and that is fortunate for you and your company. The company has an obligation to keep your 401K diversified.
Taking sector bets is fun and can be rewarding, but can also hurt your returns if you are wrong. This is retirement money and should be treated as such.
The easiest option – if you are unfamiliar with investing is to do the ING BP Strategic Allocation according to your risk tolerance. If you don’t want to do that, the rest of the funds in this portfolio are very good funds….just remember to keep it balanced. Use international, US Large cap, Bonds, and smaller amounts of Small and Mid cap funds….
Good luck.
