What about this?

What if I were to buy One global equity mutual fund and two large-cap index funds and put $10,000 into a money market fund? These mutual funds are at vangaurd. I am only 19 right now so... yeah..that is what i have decided to do...

Fidelity also has some good mutual funds and if you are considering investing in any fund, you need to study alot. Get their prospectus for each fund and study until you are bored. If you are still bored, don't buy it and find another fund.

Also consider how you will invest. Many investors recommend the "average purchase" method, where you invest a fixed amount per time period (such as each payday or each month). Sometimes you buy when the fund price is high and you get fewer shares. Other times, you buy when the fund price is low and you get more shares for the same dollar purchase. I am not a big fan of the "average" method with mutual funds, as the price changes sharply. Especially, when most of the funds pay dividends. Some pay once a year, some pay more than once a year, but usually, the price will drop sharply just after dividends are paid. I prefer to put my monthly contributions in a minimum earning market fund until I am ready to purchase shares in the fund of my choice (you can always have more than one, as long as you meet the minimum investment criteria. If the fund has an obligation for regular investments, be wary). Right after the fund drops due to dividends and capital gains, then purchase the shares of the fund that you want.

Of course, I have to state, I am not a financial broker or expert and do not give financial advice. I am only stating what works for me and do not intent for anyone to consider this financial advice, as only a professional broker is qualified to provide such advice.

Also, beware of "loads", as such funds take fees out of your investment before you own it. Up front fees can really drain your investment, unless you have done your homework and have determined that the up front loads will offset the gains in the end.

I'm not a big fan of giant mutual funds, but Vanguard is a good one.
You can do this same style of investing but with more boutique products.
Look at some ETF's that are geared toward specific markets.
Barclays Bank are doing a good job of bringing products to the markets place.
Had you been in a gold ETF this week you would have been up over 35% this week.
There are many products that are not laden with fees that bring you closer to the realized gain in your pocket

If you have decided then why do you have to ask the question?

You would be making more money if you went with real estate fund

You do not need to go with 2 large cap index funds. They would be basically the same. I would put 30% in the large cap index, 20% in a diversified global or international fund. 30% in a large cap growth fund, and the balance in a money market or bond fund. You seem to be on the right track and congratulations on your thinking.

Vanguard has some decent stuff. You could easily do worse. Check out the link below--they sell like common stocks and have cost ratios that make even cheap Vanguard envious.

I can offer you better returns with less risk for FREE.

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