My pre-teen daughter saved up a $1000 and I thought it might teach her how finances work if we invested it in a mutual fund. Specifically in an index fund like S&P 500 or some such.
The problem is that most funds I found have larger minimums than $1000. Case and point, VFINX and VTSMX from Vanguard both have $3000 as a minimum.
Will no one take my money? What would you recommend I do with $1000?