sierrasprings...To encourage daughters (23 and 21) to begin to save and become familiar with investing I opened a Roth for each and told them I would match their own contribution each year up to $500 each. Obviously I am hopeful that they will continue to put in funds and learn about investments. Not knowing what to do, I purchased Vanguard Wellington and Vanguard Total Stock Index for the Roth accounts - any suggestions re what I am doing - what to put in for the very long haul and how to manage this re changes ? Thanks - I am a new member here with limited knowledge re investing.Excellent! In my opinion, the two funds are perfect (VTSMX) and (VWELX)and the Roth IRA is the best choice for an investment vehicle for them as well. Well Done!Because they are still very young, I believe the larger portion of their porfolios should be in the broad-market stock fund (VTSMX). This is the risker of the two, but that's what youth is all about - they can stand the risk. It's a tradeoff - generally speaking, more risk equals a higher return over time.http://www.quicken.com/investments/charts/?p=VTSMX%2C+VWELX&B1=Go&choice=onIf you haven't checked out the neat little "Risk/Reward Chart" provided by Vanguard, I've provided the link for you:http://flagship5.vanguard.com/VGApp/hnw/FundsStocksOverview?type=PIWANTTO4Again, I think these young ladies are very fortunate to have you as a parent!Regards,Bill
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