Hey y’all, had a question on asset allocation of my 401K.
My current 401K is set to a target date of 2060 with an ER of .26% and 13% average growth since I have had it. I just set it up and forgot about, and upon learning more about investing, realized this is not the best option for my goals.
I was thinking of changing to either :
the S&P500 fund with an ER of .005% and \~15% growth over 10 years
Or
The blue chip option - averaging \~20% over ten with an ER of .3%
Both have inception dates of in 2015
I know this sub is \*\*\*very fond\*\*\* of the SP500/total market funds, but is there a reason to not pick the blue chip option over the SP500
Like yes, the ER is high, but the math still works out that the extra \~5% on average makes up for the ER.
Is there something I am missing in thinking this is a no brainer?