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Originally Posted by ChiliConCarnage
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.
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Lol. Thanks. Technically, it was her earned income that went toward the ROTH IRA and my gift (which is well below the yearly allowed by the IRS) simply went to her.
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All look like great ideas and I appreciate the suggestions.