UTMA investment options for our first born
Long time Listener, first time poster!
We had our firstborn recently and debated between a 529 and UTMA account. Long story short, we chose to go with a UTMA (with the option to do a 529 if we had more children).
I'm having trouble deciding what ETF, stocks, etc. to pick.
What is everyone's suggested Diversification/mix/allocation? The goal is something that I would not have to manage much until later, when she gets closer to needing it for college or a house etc
Asking Chat GPT and got an answer ive modified to Something like
- 40% U.S. Total Stock Market (VTI, VTSAX, and maybe even just the S&P500) also have trouble understanding the difference between VTI and VTSAX
- 15% U.S. Growth Stocks (VUG)
- 15% International Stocks (VXUS)
- 10% in Maybe tech or REIT? (QQQ, or VNQ)?