Hey guys. 23yo here, just graduated w a degree in acc and finance,

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Hey guys.

23yo here, just graduated w a degree in acc and finance, got my first full time job and I'm trying to figure out how I wanna start investing.

My goal is to maximize growth/reinvesting dividends, and Im are willing to take on enough risk for a 6-8% return while avoiding shit like junk bonds. I would want my assets allocated somewhere along the lines of:

10% cash
30% bonds, half coporate, half govt
60% equity, half domestic, half foreign (emerging markets)

I've thought about dumping money into a 1.1ß growth fund, but I dunno if that provides enough diversity.

I guess my question is this: are the management fees incurred by professionally developed portfolios worth it? If so, how do you choose between vanguard/fidelity etc?

Also why pay mgt fees for index funds instead if just getting an etf?