Hello,
My daughter just turned 6 months old and I am looking to invest $35K in one lump sum and leave it for the next 20.5 years with drip on. Would you go with 100% VOO or SCHG? Why or why not?
About three years ago I invested 50K for my other daughter who is now 6 years old and I went 100% VOO with drip on and she is doing quite well in that account being at a cost basis of $393/share due to it being the tail end of covid and the markets were on the rise. She won’t get that account for another 15 years.
With my second daughter (the 6 month old) I figure since it’s less than the $50k that I was able to invest for our firstborn, that SCHG and more time may give her a substantial (somewhat) boost to make more than if I just put it in VOO like I did with first born. And like everything right now, SCHG is on sell.
What’s your guys/gals insight? Thank you. I appreciate the feedback. : )