Quote:
Originally Posted by Infidel Goat
Daughter earned $1000 as a lifeguard. I matched that so she could start a Roth IRA (technically I started a minor Roth IRA for her). All of the mutual funds and ETFs require $2500 before they can be purchased.
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Congrats on getting your daughter into the high stakes world of investing and tax fraud at a young age! wtf, bud. Remove your "match" ASAP, lol.
It sounds like youre with Fidelity? based on the stock purchase cost and minimums. You have access to the largest asset management firm in the worlds ETFs. If so, I'd recommend IJS, it's the S&P 600 value fund. Small cap value has outperformed over the really long term historically and your daughter likely has a long time before retirement. If not, check ITOT or IVV. Those should be the S&P 500 and complete market ETFs.