I opened a brokerage account for my daughter, she turned 1 year in December. I am going to contribute $100 monthly into this account for her. My wife and I plan to give her this account at around 21-25, or when we feel the time is right; really depends how responsible she is...
Anyway, I currently have her 100% in SCHG ($300). I am just looking for long term growth in this account, not really interested in any dividend paying stocks.
Do you think 100% SCHG is good? Or should u try to diversify it? Being that I have a lot of time, I can always rebalanced throughout if needed.
I really want to help her in life.
Thanks everyone!