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My 21 year old niece just asked me about investing in a mutual fund - I'm thrilled :-) I'd like to confirm the advice I gave her, or get other opinions/ideas:

I told her to open a Roth IRA and put the money into an S&P index fund. I chose Vanguard's 500 Index fund (and told her I'd throw in $200 - she'll probably put in $2000).

Thanks for your input,
AP
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