All My Money in 1 Target Retirement Fund or My money across 5 Pick and Choose Funds?

Asked: All My Money in 1 Target Retirement Fund or My money across 5 Pick and Choose Funds?

I have decided to open an Roth IRA with T Rowe Price and am trying to decide on how to proceed in purchasing funds to invest in. Should I?

1. Open an IRA with the account minimum 1000 dollars, and just invest this total sum into one Target Date Retirement fund (Such as 2045 or 2050)? or

2. Deposit 1000 dollars into the IRA account, and put lets say 200 dollars a piece into 5 top performing funds? Pick and choose 5 of the best T rowe price funds and disperse the money equally among 5 funds that have good overall outlooks based on metrics and other analysis?

Any advice would be greatly appreciated? What have you all done? I dont want to hear discouragements about T Rowe Price or other fund companies. Thanks Everyone.

-Starter Investor

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