I am able to save 20k of my monthly salary and have established my EF. After attending financial wellness events sponsored by our company, I finally had the courage to stop saving and start investing. Starting 2020, I'll start investing and my initial plan is to divide 5k equally among the following:

1. Company coop
2. MP2
3. Bonds Bond Fund
4. Equity Equity Fund

I'm not sure if I'm spreading the basket too thinly with this. The coop option is nice because it forces us to save via automatic deduction from our salary (though I can say I'm disciplined enough to stick to my monthly budget). On the other hand, I'm not really interested with the loan benefit, the main benefit that they always promote during financial wellness events. They now also have other income streams aside from loans that they rarely mention, though I have to check as well the dividends they gave out to members for the previous years.

For MP2, I'm thinking if I should open one every year, instead of contributing monthly for five years. My plan is to contribute monthly (or even one time on month 1) for year 1, then open MP2 accounts (and save only on first year) on year 2, year 3, year 4, and year 5. I will re-enroll my savings every five years (i.e. one-time savings from year 1 payout on year 6, year 2 on year 7, etc).

For the bonds and equities, since the minimum additional participation is 10k, I'll be doing cost averaging every other month, alternating between bonds and equities.

Just want to know if my plan is good, or is there room for improvement. My other option would be just to divide 10k per month equally between MP2 and Equities.

For MP2, I also want to know how they compute for the dividends if I plan to start on April, my fiscal year because this is the month where I got my first salary, and also happened to be my birth month.

Is there wisdom in doing cost averaging for bonds and equities? If I'm doing this for long term, should I just focus on equities?