I recently started Roth IRAs for my kids (via Schwab), and I'm looking for the right kind of investment for these accounts. What I'm looking for:
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Strong long-term performance (short term volatility is irrelevant; we're looking at a 50-year timeframe).
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No further action, maintenance, or careful market-watching required until my kids decide to start pulling money out when they retire. I don't want my kids to have to fret/hassle about moving money, buying one thing, selling another, or redeeming some bond at a set point.
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Minimal maintenance fees/overhead. I don't want anything eating at their Roth IRA growth.
Right now, I'm considering Schwab's S&P 500 Index fund. Any thoughts?
Submitted April 07, 2021 at 11:24PM by U235criticality https://ift.tt/2PL242H
