Investing for retirement

Around this time of year I think about our investing plan for retirement. We don't have traditional pension plans. Our retirement savings consist of 401K (and 403b) plans, which we can invest in mutual funds, plus IRAs. This means we have to make all of our own investment decisions, which seems like a potential disaster. So far its gone (mostly) OK. I really hope I don't screw it up.

Anyway, the asset allocation has been pretty consistent since November 2004 (starting the day after Bush was re-elected), and is currently as follows:

62% foreign stock funds (divided between Fidelity emerging markets fund, Fidelity spartan international index fund, and Fidelity Canada fund).

13% Cree stock.

25% cash, earning an average of about 5% yield.

That's it.

For the last 2 years the foreign stock funds have done great, about 30% gain two years in a row, while the Cree shares have gone nowhere. So overall, its done OK.

I'm just going to stay with the same allocation until I see a reason to change it.

I really hope I don't screw this up!