IMO, REITS are a very bad idea if you are thinking about Gain Harvesting.I get what your saying. I was leaning towards just doing the s&p every week. Apart of me also wanted to just start buying them reits, however in a brokerage account i think its a bad idea. Do you guys agree ?Growth funds don’t necessarily grow more than non-growth funds, like S&P 500, Total Market, or Value funds or even an Income fund. Growth can be a technical term for which the opposite is Value, or it can just be a marketing term. Income could refer to stock dividends or bonds. If the former, an Income fund could also have good growth. If the Income refers to bonds, then expected return and volatility is expected to be less.Theres not many options for a 5 year old and younger. Ancustodial brokerage is what im going to have to do. Im just wondering if its worth doing growth funds or the s&pYou should consider taxes when doing this (ie kiddie tax). Also step-up basis when you die, if you own the accounts. Depends on when you want them to have access to the money (18?).
Yes custodial accounts
Once they start earning money, you can contribute to a Roth IRA for them.
VTI for a taxable account. A target date fund for a Roth.
Bottom line, don’t just go by the fund name, you need to look under the hood.
Statistics: Posted by RetiredAL — Sat Aug 17, 2024 4:31 pm — Replies 18 — Views 1144