Re: Mutual fund for youngster
You might be better off with cash as Greenspan is raising interest rates.
You should check the expense ratio. If it is more than 0.5% you should be able to state why you think that fund is better than an index fund from vanguard.com.
You should also understand that when dealing with people under 30 self improvement is the best investment. That $2000 paid to an elderly spanish speaker in need of some easy cash could get the kid speaking basic spanish, if the kid is cooperative. Music lessons? How about a coach to teach the kid how to pitch?
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