Starting investing for 13 years old: Best options?
I have one kid, 13 years old. I have been putting aside $1k each month in her 529 for many years. I think that bucket is sufficiently funded at this point and I do not want to contribute any more to it. I am thinking of opening a post tax investment account in my name to put aside $1-1.5k each month to eventually help her later in life, e.g., down payment on a house or pay additional college expenses. I will not need to touch this money for about 8-10 years.
I would like to know from the group on your recommendations on how to allocate this money. Should I just do VT and chill or my case need a different strategy. I have chosen age based target fund for her 529 so I am assuming they will get more conservative as she get closer to college age. Thanks in advance.