conversation: User (deebanger): "I dont need the 9K, I am willing to be a passive investor and just let the money be there and do its thing and hopefully grows. So, given my long term approach, are those three funds decent funds to invest money in?\n\nAnd given my income and savings, I can comfortabily put aside $100/month to these funds (combined not individually). What do you think about this plan?\n\n\nThanks!"
  Self: "At 24 i would not choose the Wellington Fund as it contains more bonds than you might want for your age.  The total stock market index fund is as good of a choice as any.  However, note that if you have just 1 more thousand (for a total of $10,000) you will qualify to buy their "Admiral" class shares, which have lower fees."
  User (deebanger): "Isnt Wellington Fund like a third bonds? Thats lower than say Wellesley which has like two third bonds?"
  Self: "you're right that wellington is 70/30 and wellesley is 30/70 (or 60/40 and 40/60, i forget).  my point is, even 30% bonds i would consider too much for your age, especially with such a relative small "starter" amount (i.e. if you had a million bucks, then, even at your age, it might be wise to allocate some portion to bonds so as to offer some degree of protection against a crash since it would be terrible to expose the whole fortune to losses whose amount you may never be able to recoup)."
  