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Amateur investing advice for a young child.
Posted on 11/5/26 at 5:46 pm
Posted on 11/5/26 at 5:46 pm
We're looking for a relatively safe index fund or something similar for our godson. We want to start with $1200-$1500 in it. And add maybe a $1000 or so every year. And we want to let it sit for 18-21 years.
I know nothing is guaranteed but any suggestions would be greatly appreciated.
TIA
I know nothing is guaranteed but any suggestions would be greatly appreciated.
TIA
Posted on 11/5/26 at 5:57 pm to CR4090
S&P 500 index fund
Posted on 11/5/26 at 6:43 pm to CR4090
I've talked up index funds and the benefit of owning 500 big companies instead of trying to beat experts by trying to pick a few.
I started paying them for grades in Jr high and help them invest it. It helps them get enthused to go from zero to hundreds then thousands. Could do something like that to reward successes. Then once they get the hang of it and inspired to invest tell them about the fund you started when they were little and how much it's grown.
I started paying them for grades in Jr high and help them invest it. It helps them get enthused to go from zero to hundreds then thousands. Could do something like that to reward successes. Then once they get the hang of it and inspired to invest tell them about the fund you started when they were little and how much it's grown.
This post was edited on 11/5/26 at 7:30 pm
Posted on 11/5/26 at 7:29 pm to CR4090
I agree with the others….index funds for both adults and children.
For me, that is the Vanguard Institutional Index Fund.
For me, that is the Vanguard Institutional Index Fund.
This post was edited on 11/5/26 at 7:33 pm
Posted on 11/5/26 at 7:34 pm to CR4090
To be even more explicit than “sp 500”, VTI or VOO will do the trick. VTI is the total market index and VOO is the sp 500 index from vanguard. I lean towards VTI, but either would be great
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