Hi guys,
my current 401k allocation is as follows:
40% S&P500
30% Vanguard Growth Index
15% Fidelity Extended Market Index
15% Vanguard Value Index
I have recently been thinking that there is too much overlap between the S&P500 fund the the growth fund, but I don't know how to test my strategy other than on complicated portfolio websites that honestly confuse me. I feel like I am taking on too much risk and am missing out on the long-term rotation into more "value" stocks. Also, the top holdings of the S&P500 is essentially similar to the Growth fund.
I would like to increase my allocation to the Extended Market and Value funds, how should I approach it?
29 Y/O - High risk tolerance - Just don't want to be putting TOO much of my eggs in the same basket... a little bit more of a basket or two is fine just not more than is necessary....
Any help/thoughts would be greatly appreciated.