Kiwi_G
11-27

Looking for some ideas for an ETF / buy and hold for my 19 year old son to start DCA into while he's working a 'gap' half year from Uni. Hes a risk taker, and a spender so when he suggested DCA'ing a bit of his fortnightly pay ($30 p/hr) NZD i was thrilled. 

Thinking blended or growth. With Trump adminstration and Dow Jones and S&P 500 hitting all time highs, would love to hear what you would suggest. ~

$Invesco S&P 500 Value with Momentum ETF(SPVM)$ but tracks less than beta

VOO and IVV are obvious ones; expensive but would be fractional purchases.

$Schwab U.S. Large-Cap Growth ETF(SCHG)$ low expense, good YYD return, > beta large cap growth

$iShares Russell 1000 ETF(IWB)$ blend or growth

Suggestions welcome πŸ€—

@Tiger_comments @nomadic_m @SPACE ROCKET @Barcode @koolgal @TigerStars 

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Comments

  • nomadic_m
    11-27
    nomadic_m
    at his age, I'd suggest kiwisaver growth or aggressive fund. aim to contribute enough to be eligible to receive the govt's $521 contribution πŸ™‚
    • Kiwi_G:Β 
      agree. thanks πŸ™πŸ» he has this too but not matched by employer as he is a contractor. πŸ˜€πŸ‘πŸ» could be enough, you’re right.
  • Barcode
    11-27
    Barcode
    Good on him! See my post on $Schwab U.S. Large-Cap Growth ETF(SCHG)$ which is managed awesomely. He would do well with $Coca-Cola(KO)$ over time also. I’ve posted on these before if you want to check them under the ticker’s. Cheers BC πŸ€πŸ€πŸ€
    • BarcodeReplyKiwi_G:Β 
      Your welcome! Happy trading ahead to you both! πŸ€πŸ€πŸ€
    • Kiwi_G:Β 
      awesome thanks BC πŸ˜ƒ
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