Hi! I’m not the most educated when it comes to investing but I’m trying to change that. I recently opened a UTMA through Schwab for my 1 year old and invested 11k. I also plan on contributing monthly a minimum of $80-$200 and investing it.
In effort to actually make this happen relatively quickly, the investing, I went to GPT a lot for guidance. I essentially prompted it to create a well rounded and balanced strategy that would enable the balance to grow over 100k by the time my child reaches 21. With the strategy it provided and assuming I stay the track with contributing, and of course the world doesn’t end/markets tank at the wrong time, this account should technically grow past 100k if not well over assuming the markets more or less follow the same trend over the next 20 years as I did the past 20.
I’d like feedback on the strategy it’s provided me. It made sense to me but I also never really invested any serious money in the market.
VTI - 22
VXUS - 35
QQQM - 5
VB - 2
BND - 7
Thank you so much 🙏