Weasel,
Free advice on the net is worth...you know what I mean.

Tweak is correct: Roth vs company 401K vs ind IRA are just
cubbyholes: they can contain the broad span of "investing"
from all cash to cash equiv. to the wildest azz penny stocks
and many variations in between. I would not lose a wink of
sleep over your current port; you have much time on your
side.

Review your 401k, see what % is devoted to what, investment-wise,
pick 2 or 3 or 4 funds, (maybe 2 or 3 equity indices & a bond fund),
have a smallish % in cash/cash equiv. acct., and keep tossing all
you can/ are allowed into it every year. And, as Gresch said, look at
it once in awhile, and readjust if you think necessary. Save the sweat
for working in the yard.

Broad index funds, eg S&P 500, Russell 2000, Dow Composite,
Wilshire 5000, et al, are simply big baskets that mirror a broad
swath of the mkt. Yes, they go up and, down...over time they
tend to go up. Few of us, including the brokers and geniuses on
the St. can pick "better" than the "market", over time. Thus the
reason for low fee funds, especially Indexes, as above. I would
think your 401k offers a few Index Funds to choose from...

As to your best friend about to become a CFA; good for him, but friends
advising on investing, (20 mins after getting their shingle), is like going to
the rookie Doc for brain surgery, imo. You can listen but pick your own
course, imo.

The econ will recover, over time; it's not necessarily a Dem or Rep fix, imo.
Remember, you have time, at your age...
GL,mD from the home of Cash is Currently King