Hi SF
Sounds like you should spend some quality time with your daughter teaching her about Aim and risk management.
The mistakes I made starting out pre Aim were
Invested in individual stocks
Only bought one individual stock. Gee it was ITT at the time it was a mutual fund in itself!
Bought on margin because I would pay it down in a few months (bought on declines)
Sold options
Everything was honky dory till they got rid of their dividend, the stock went from 60 to 30 overnight and I had a margin call just when I told my brother I would help him with the down payment for a house.
So I said liquidate, I got the absolute worse price and the stock went to 40 the next day. I had the cash to make the margin call but didnt want to screw my brother up. If I held the stock ITT split into ITT industries, ITT education, RAYONEIR, and I have no idea what else or what it would be worth today!
I waited a few years and restarted with two mutual funds till I realized they owned a lot of the same stuff. I eventually switched to indexed ETFs and Aim and slap myself to keep from buying any more individual stocks.
Regarding any attachment to sectors or fund companies, that is your choice, I just tried to lay out how you can make that choice without being overwhelmed.
1) WHAT do you want to own.
2 Which fund companies have funds that match that.
3 ) Which of those fund companies has the best fund / most volatility / whatever ?
Sounds like you might want to invest more for your daughter than yourself in things she will be comfortable with.
Toofuzzy
Take the road less traveled. It will make all the difference.
