I am opening a ROTH IRA for my kid. Likely looking at an investment period of \~40 years. I want it to be a set it and forget it type of approach where they can continue once of age and just assign new investments based on what is already there. How does the following look?
VOO - 50% of account , VXUS - 25% of account, SCHD/VYM( or some other high dividend yield index) - 25%
Any advice or is this a sound approach?