Hi all,
My child is turning 4 soon and I've been investing small amounts since she was born. There's currently about $3,000 in the account. I've been researching and learning more about investing, FIRE, etc. I want to take more control of the account. It's currently split 20% into 5 different Investment Funds. These are the currently available funds:
- Money Market Fund (Florida Prime, Annual Fee: 0.03%) - 20%
- Core Fixed Income Fund (Wellington, Annual Fee: 0.15%) - 20%
- Domestic Equity Index Fun (Vanguard, Annual Fee: 0.02%)
- Large Cap Value Equity Fund (QMA, Annual Fee: 0.15%)
- Large Cap Growth Fund (BMO, Annual Fee: 0.15%) - 20%
- Small/Mid Cap Fund (AllianceBernstein/Fiduciary, Annual Fee: 0.61%) - 20%
- International (Developed) Fund (PanAgora, Annual Fee: 0.30%) - 20%
From the research I've done, It seems like the Vanguard ( VSMPX ) is my best bet. Ideally, I'd like to be aggressive now and be more conservative as she gets older. As I'm thinking now, I should put maybe 80% into the VSMPX and 20% into the Money Market Fund.
I appreciate any/all advice and suggestions.
Cheers
Submitted November 26, 2019 at 07:22PM by banknotecollector https://ift.tt/2QTvKJb
