Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
40% in bonds for a 23 year old is much too conservative in my opinion. Unless he inherited a few million, going with a market fund or some good quality stocks would be a better choice in my opinion. As the account grows in value or as he grows in age, he can start going adding bonds, but at 23... it's better to be a bit more aggresive. That's my two cents anyways.