Hi all. A few years ago I decided my niece and nephews have too much stuff so instead of giving them more stuff for Christmas and birthday gifts every year, I set up an investment account for each (after discussing and getting approval from their parents to do so) and they will have access to when they turn 18 to do whatever they want with.
I realized I didn’t do much research into the mutual fund I chose for them, and now that they each have a couple thousand in their respective accounts so have more flexibility in terms of fund options (ie vanguard mutual funds with 3k investment minimum).
I think the goal is growth and I am okay w/ “high risk” funds since this is basically “fun money” for the kids. I would appreciate any recommendations people may have and thanks in advance!