VOO v VOOG for Child's UTMA

I chose to go with the VTI for our children’s UTMA accounts. Its return is very close to VOO; but, it tracks the entire US stock market and gives them some exposure to mid and small caps. It’s been all about the S&P 500 for many years; however, sometimes there are cycles where smaller companies perform very well and I want them to have some exposure to that.

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PlanoPrivateer

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Since you mentioned that she has a job

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It is a cash job. She makes like 50-90/month coaching recreational tumbling/cheer classes at the gym where she is on the competition team. She is not a W-2 employee. She gets an envelope of cash every month. I require she save 10% minimum and I match anything she saves, whether it be the 10% minimum or anything above. The cash the junior coaches make can either be used for private lessons, earn your private classes by helping coach or take the cash.

Look into adding some of Vanguard (VIG)

This index is composed of U.S. stocks that have a history of increasing their dividends over time.

An issue with certain Index Funds that attempt to mirror the S&P500 is they are currently heavily influenced by a few companies like Microsoft. The growth can be there for big-name tech stocks performance but so can the risk of significant declines.

VIG invests in high-quality companies with strong profitability that are able to grow their dividend year after year. If a company fails to meet that requirement, it is dropped from the fund.

A benefit of VIG is it can complement other funds that do have higher positions in these high-tech types of stocks. Earlier companies like Google, Meta and, for example, Nvidia are not going to be added into the Fund anytime soon because they'd need 10 consecutive years of dividend growth.

VIG Analysis.