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re: Custodial Account Funds- Schwab
Posted on 8/14/23 at 9:23 am to LSUisKING12
Posted on 8/14/23 at 9:23 am to LSUisKING12
SWPPX is Schwab's S&P 500 Index mutual fund.
Very low fees (.020%) and no loads or commissions to buy or sell.
EDIT: I've had my children's funds in SWPPX for over 20 years and this mutual funds does a good job of mirroring the S&P500 Index. If you sell units in the fund in order to raise cash for a withdrawal, the funds are available for withdrawal the next day.
Very low fees (.020%) and no loads or commissions to buy or sell.
EDIT: I've had my children's funds in SWPPX for over 20 years and this mutual funds does a good job of mirroring the S&P500 Index. If you sell units in the fund in order to raise cash for a withdrawal, the funds are available for withdrawal the next day.
This post was edited on 8/14/23 at 10:15 am
1
Posted on 8/14/23 at 11:00 am to LSURussian
quote:
SWPPX
Thanks. This was how I was leaning but wanted to hear some other ideas.
As for age, they are under 10. I understand at 18 I will lose ownership over the account and understand the risks. We don’t plan to disclose it to them and if they do discover it, it will be made clear that this is our contribution towards weddings/future. Just want the market to work for us in the mean time.
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