Article: Money markets no place for this retirement portfolio

Q. I am 27 and will earn between $31,000 and $32,000 this year. I have an IRA account of $12,000 with these investments: $1,000 each in Janus Growth and Income, Janus Worldwide, Heartland Value Plus, Montgomery Emerging Markets, and $2,000 in PBHG Core Growth. The balance of the IRA is in a money market account. I have a $2,000 contribution to the IRA for this year, half to be made this summer and the rest later. Is my retirement portfolio well diversified? If not, what should I change? Should I be dollar-cost averaging the funds in the money market into all of my funds, or just into certain funds? How should I allocate this year's contribution? What percentage should remain in the money ...

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