Thanks for the input. As stated, we already have VTI in his UTMA so it would be inappropriate to double it up in the IRA and potentially incur a wash sale.We used 100% total US stock fund (though at Fidelity), so 100% VTI would be the equivalent at Vanguard. I feel we can introduce international later. Also no need for bonds now, and can also add later to a more appropriate account.
I don't try to tilt.
why care about a wash sale?
in their time horizon, you expect it to go up and away from the buy price not fall below it
if it did fall below it, you expect this person to have little or no taxable income. right? so tax loss harvesting is of no value to them. in fact, you should be tax gain harvesting some every year to help them raise the cost basis.
I was confused by this comment too. Maybe I am missing something.
To the OP- don't worry about the "aggressive investment". Unless you want to just shoot for the moon and speculate on something that might grow like certain investments that aren't discussed here (for good reason)- a 16 year old will benefit far more from developing aggressive contribution habits as opposed to "aggressive" investment choices.
Statistics: Posted by coachd50 — Sat Jul 20, 2024 12:38 pm — Replies 18 — Views 1295