Hi everyone! I’m looking for some guidance and opinions.
I’m a 47 year old small business owner in Pennsylvania. I opened a Fidelity UTMA for my son when he turned 1 year old in July 2025. He’s now 1.5 years old, and I plan to contribute roughly $10,000 per year going forward. I automatically put $100 in each week plus Christmas/birthday money goes in
I’ve been trying to do my due diligence, but honestly there’s so much information out there that I’m getting confused, and I’m not confident I’m approaching this the right way.
So far he has 6 shares of NVDA, 59 shares of FSELX, 29 shares of FSPGX, 300 shares of HGRAF & 22 shares of KGC.
This is meant to be a long-term growth account (college, early adulthood, etc.). I’m open to a “set and forget” approach if that’s the smartest move. I mainly want something sensible and repeatable each year without constantly second-guessing myself. Should I just VOO or VTI and chill?
Thanks in advance! I really appreciate the help!
Started a UTMA for my 1.5 year old. Good options?
byu/dhenry0652 ininvesting
Posted by dhenry0652
1 Comment
I think your instinct to set and forget is a good one. Since this is a long term investment (UTMA age of majority is 21 in PA) you’re going to be a lot less stressed if you put this into a broad based index fund and don’t try to pick individual stocks. You’re busy enough with running your business and raising a little one, you don’t need to check your portfolio every day.
You’re already doing dollar cost averaging with the weekly contributions, which is great. I keep the “no brainer” part of my portfolio in VTI because I’m long term bullish and the dividend is nice.