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- Grant
We used fidelity and parked their money in the Fidelity SPAXX ACCOUNT (which makes 4.9% interest). Then, bought the funds we wanted.
AngelAsk your teens what they want to invest in.
One of mine did VGT (Vanguard Information Tech ETF)+ VYM (high dividend ETF) and the other did VOOV + VTI.It’s been fun watching them.
KristenFidelity. Just be sure to teach them the second step after contributing, and make sure they then invest that contribution so it isn’t sitting in the core holding for years.
My teens are in FZROX.
JudithI like Fidelity’s user interface and already had my 401k with them, so we used them for my daughter’s Roth.
DanielFidelity had a sign on bonus for the custodial Roth IRA we opened for the older kiddo a couple years ago
KrisSchwab, Fidelity, Vanguard (in that order IMO as I prefer Schwab)
Robincompounding is essentially important! My 53 year old friend heavily invested in CD’s a BIG NO NO and little Roth or ETF’s.
She has a fraction on what she should grow.
JamesTake a look at Fidelity. Mostly for their zero fee index etfs. I look for low turnover and low management fees, the Fidelity ETfs fit those categories.
Do a quick online search and you’ll find promo codes to start their Roth accounts.
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