We have a 3 and 1 year old. Both have 529 accounts, but we don’t want to overfund in case they take a different route outside of college. Plus, we will roll over whichever maximum amount into a Roth IRA when the time comes.
We are in a state where UTMA accounts can be granted at 21, and delayed until 25 if you decide. We would like to do the main portion of investing for them in these UTMA accounts.
I am looking to build a good set it and forget it portfolio and buy 2-4 broad based stocks for them weekly/monthly. Based on my research, it seems like something like some allocation of VTI - VXUS - RSP - and QQQ would be decent.
Would these 4 funds be a good base set it and forget it for weekly/monthly buys? If not, what funds?
Also, what allocation of these or different funds?
Appreciate everyone’s insight in helping set up our kids future!