My $0.02...
--Decide what kind of risk you're willing to take. You're still young; you might to want to put more in stocks. I'd recommend 10-20% in stable assets: savings and treasury bonds.
--You can't really argue with the awesomeness of the S&P 500. If there's a fund based on the S&P, go with it.
--If there is a fund based on NASDAQ stocks, put a little in there. You never know when tech might come roaring back.
--Buy some company stock...just not a lot.
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