I have a savings account with around $1000 earning 1.05%. It's earmarked for my daughter to use when she's of adult age to get her life started. We're going to continue putting $5 a week in it, as well as any gifts she receives.
In the past, I'd just give this to our family financial adviser and let him figure it out. But he's not per transaction fee based, and refuses to consider it, so I'm trying to move away from that.
So where do I put this money? Because it's 16-20 years, from what I've read on this sub, I think its stock index mutual fund? If so which one? How do I even buy it? Totally lost from this point forward.
Thanx in advance!
Submitted June 13, 2017 at 10:18AM by admiralnorman http://ift.tt/2sk0mHq
