@MFO Members: Here is a list of companies that offer DRIP plans.
Regards,
Ted
https://www.dripinvesting.org/choices/poll/results.asp?PollDate=201901&Order=C

FYI: It’s not just big oil and power companies that investors are pushing to do better on the environment.
In the next few weeks, Amazon investors will vote on a proposal made by shareholders and workers to push the company to describe how it’s curbing its use of fossil fuels. In California, investors of Ross Stores are asking the retailer of off-price clothing to set goals for reducing greenhouse gas emissions. And in Kentucky, Yum Brands shareholders are pushing for an annual report on what the parent of KFC, Pizza Hut and Taco Bell is doing about deforestation caused by its suppliers.
As the earth gets warmer, shareholders with the environment in mind are widening their focus and increasingly targeting consumer businesses, internet companies and others that don’t first come to mind as big polluters.
Regards,
Ted
http://www.telegraphherald.com/news/business/article_9be8b6d1-072b-5dbc-a82f-9cdad3f923ba.html

FYI: It’s a shocking statistic. According to industrial psychologist, Paul Babiak and criminal psychologist, Robert D. Hare, about one percent of men are bona fide psychopaths.* The authors of Snakes in Suits, When Psychopaths Go to Work say most psychopaths aren’t Hannibal Lecter-types. Unlike the killer in Silence of the Lambs, most of them don’t stuff people in their freezers. But they lack empathy for other people.
Some leave social carnage in their wake. They might be married, yet sleep with multiple women without feelings of remorse. Others scale corporate ladders without caring about the hands they crush while climbing to the top. Others steal people’s money–without a shred of guilt.
In 2017, Maria Konnikova published the New York Times bestseller, The Confidence Game: Why We Fall for It…Every Time. It’s one of the most fascinating books I’ve ever read, showing (among other things) how almost anyone can fall for a Ponzi scheme. These are fraudulent investment schemes that promise high investment returns for little or no risk. But such profits aren’t real.
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/how-does-a-ponzi-scheme-lure-so-many-victims

https://www.yahoo.com/finance/news/vanguard-dividend-appreciation-etf-buy-161700271.html
Is Vanguard Dividend Appreciation ETF a Buy?
Motley Fool
Motley FoolMay 18, 2019, 11:17 AM CDT
Dividend stocks can be a great way to generate excellent total returns in your portfolio over time, and to create a nice income stream after you retire. However, dividend stocks that raise their payout year after year are even better. One exchange-traded fund, or ETF, that allows you to invest in a diverse portfolio of dividend growth stocks without high fees is the Vanguard Dividend Appreciation ETF (NYSEMKT: VIG).

Jeffrey Gundlach's Art adventures.
https://www.reuters.com/article/us-usa-art-theft/six-charged-in-theft-of-artworks-from-home-of-u-s-financier-gundlach-idUSBRE90402U20130105

If he is 18 he may have the Roth in his name and the account monitored by whomever.
Many details have been provided in this thread for this topic.
I have nothing remaining to offer.

@msf
You noted: "If this would be a joint account, it couldn't be an IRA."
My inclusion information for the Roth IRA or a custodial account for a minor is that this would be my preferred path for someone just graduating from high school. If they are not 18, then the "minor" account, which would then have to be transitioned to their stand alone Roth at age 18 (most states).
Fidelity's Roth for kids write
This is the large discussion here in April, 2017 revolving around Roth IRA's for minors.

I agree in theory that someone just out of high school would be best served by investing long term in pure equity. But I also remember starting out and being spooked by the idea of investing, period. You mean I could lose money?
While pure equity is better, a hybrid fund might be a reasonable compromise, especially for someone watching his first investment going up and down.
I like the idea of going global. So no "total" stock market where "total" means US. Rather something like VTWAX/VT. In the 50-70% allocation arena, davfor and hank mentioned RPGAX which seems like a good choice. Vanguard Star VGSTX would seem to be a good candidate as well, especially given the interest in a low minimum balance. It would take $1K to start, but then one can add $1/investment.
If this would be a joint account, it couldn't be an IRA. Still, taxes would likely not be a consideration for some time. Further, it might make sense to sell before earning "real" money, to recognize the gains with no taxes and reset the basis. Contributions to an IRA would be limited to compensation. Though the money could come from someone else as a gift.
(Financial institutions are funny in the ways they accept money. I recently lent a friend cash for a couple of days which she repaid by depositing a check to my Fidelity account. No problems. On the other hand, to bootstrap a BofA checking account I deposited $100 cash which I took directly from their ATM to their teller. I was required to show two forms of ID. Perhaps they thought the bills they were handing out were counterfeit?)
@catch22 I've never seen Fidelity (or most brokerages) offer to sell fractional shares of ETFs or stocks. (There are a few brokerages that offer "curated" baskets of securities where you can own fractional shares.) At Fidelity, when I go to buy a security like ITOT, there's a "calculate quantity" button. When I use that and input $100, it calculates 1 share; it doesn't offer me the option of buying 1.3 shares, give or take. Are you talking about buying fractional shares or reinvesting divs?

You stated: "Could or should it be an IRA? Yes"
A Roth IRA??????
No taxation............
I set the recurring investment at $1,000/year; thus the $83/month entry.
Please look at the calculator link I provided above.
If she/he has worked or will be working this year, there is not a rush to set the account before your trip?

Okay, so let us look at this.
The power of compounding and not paying taxes via a Roth IRA. Look at the total return number at the top of the data entry section, relative to the data placed.
At the linked page, also scroll down to read the "rate of return" info section.
Agree about using an etf. Example: I-shares, ITOT cost today is $65/share. At Fidelity, if one makes a purchase of a traditional mutual fund, you will also receive fractional shares for the full dollar amount of the purchase. VTI cost is about $146/share, so this obviously wouldn't be available with $100 initial investment. However, there are other etf's that are growth oriented that may have a lower price entry point. And the expense ratio is far below the .88 of the mentioned Brown fund......ITOT e.r. is .03%.
I also agree that there is no need for bonds at this young age. Ride the cycles, and stay calm.

I recall the money you're dealing with in this question is all traditional IRA, correct?
I'm confused about your portfolio.
You noted recently, that: "PRWCX = 32.35% of my stuff. I'm now bond-heavy, in retirement. It's my favorite, too, and my only balanced fund. I'm 61% bonds, 25% US equities, and 7% foreign equities. The rest is cash and cash equivalents and "other," according to Morningstar.
You also noted in this thread that PRWCX is closed to new investors. This is correct, I can not purchase. But, if you already hold PRWCX at TRPrice; are you not able to add to this fund?

Hi @Catch22,
That was my first thought. And, of course @Crash may add to PRWCX since he currently owns it, unless it’s a different type plan. In my own case, I own it in my traditional but not my Roth - both directly at TRP. The thought has occurred to me that I might do a Roth conversion on a small portion and hence also have capability to move money into the fund inside my Roth there. I haven’t checked with Price, but have every confidence that would work.
Personally, I sleep better spreading management risk around, even with a fund as fine as PRWCX. So I have roughly equal amounts in PRWCX and DODBX. As Crash mentioned, DODBX is probably a bit more volatile and subject to larger drawdowns in some markets. Another I hold is RPGAX. Don’t know if that would fit what Crash is looking for, but I happen to like it a lot.
Added: I understand how one can get google-eyed staring at the impressive returns of PRWCX. But be careful what you wish for. The fund’s had 3 or 4 managerial changes since inception. There will be more. Also, different funds perform better in different investing climates. No guarantee the fund will continue to perform so well in the future. Giroux is doing a lot of fancy footwork using puts, calls, options and other derivatives that, frankly, I don’t fully understand. Some of this success, such as his plays on utilities, has been a result of the extraordinary low rate environment we’ve been in. That will change someday. While I’m sure he knows what he’s doing, in investing certain styles come in and go out of favor.

Hi sir MIKEM. Typo.. If I was 25 yo again.. I would do 100% 2055 or 2060 TDF or buy 90 bucks in Vti and 10 in BND.. Or put everything in Vffdx

If you 100 bucks is it better to buy 70 bucks in BND and 39 bucks in vti

For a teenager with a 40-50 year time horizon? Really?

Hi sir @_crash if you 100 bucks is it better to buy 50 to 70 bucks in VTI and rest in BND.. Fees so much lower, maybe less worries long term.. You can sell anytime

GDMZX (7.5%) and RPGAX (10%) are the two funds that use up most of the $'s in my "Mixed 2 Pot". There is also a smaller amount of BTBFX (2.5%) there. Between those three, the fit looks to be within the 50 to 70% limits. I am comfortable with all three....

I recall the money you're dealing with in this question is all traditional IRA, correct?
I'm confused about your portfolio.
You noted recently, that: "PRWCX = 32.35% of my stuff. I'm now bond-heavy, in retirement. It's my favorite, too, and my only balanced fund. I'm 61% bonds, 25% US equities, and 7% foreign equities. The rest is cash and cash equivalents and "other," according to Morningstar.
You also noted in this thread that PRWCX is closed to new investors. This is correct, I can not purchase. But, if you already hold PRWCX at TRPrice; are you not able to add to this fund?

FYI: Reality checks can be painful.
That seemed to be the lesson earlier in the past week when global markets tumbled as trade tensions quickly escalated between the U.S. and China.
Regards,
Ted
https://www.barrons.com/articles/trade-war-stock-market-outlook-51558120641?mod=past_editions

FYI: You, too, can make a fortune in the art market. All you need is an eye for important, beautiful works, some spare cash and a time machine. If you lack the ability to go back a decade or more to buy what we now know will bring huge prices, well, then, making great returns in art is very, very hard.
Regards,
Ted
https://www.bloomberg.com/opinion/articles/2019-05-16/getting-rich-investing-in-art-is-so-easy
Barron's Article:
https://www.barrons.com/articles/art-market-stays-hot-despite-trade-headwinds-51557941417?mod=djem_b_Weekly Feed for Barrons Magazine

PRFDX was hot out of the gate in the 90s (inception 1985). Talk of the fund community for several years and highly prized by investors. So hot that manager Brian Rogers became a regular on Wall Street Week. Seems to have taken a wrong turn somewhere along the way - though value has been out of favor for years. Not that it’s a bad fund. It isn’t. But hasn’t lived up to the earlier high expectations. I haven’t observed anything outstanding from the fund in near 20 years compared with some of Price’s other offerings. (But perhaps I haven’t looked hard enough.)
Back to Rogers - He retired 2 years ago (2017). Here’s a brief blurb published prior to his retirement.
BRIAN C. ROGERS
Brian, 61, joined T. Rowe Price as a portfolio manager in 1982 and is currently chairman of the Board and chief investment officer. Previously, he served as portfolio manager of the U.S. Large-Cap Equity Income Strategy and the Equity Income Fund for 30 years, beginning with their inception in 1985. From 1994 to 2003 Brian was the first manager of the U.S. Value Equity Strategy and the Value Fund, and he was a founding member of the team managing the U.S. Large-Cap Value Equity Strategy from 2000 to 2015. He was elected to the firm's Board of Directors in 1997, joined the Management Committee in 2003, and was named Board chair in 2007. https://troweprice.gcs-web.com/news-releases/news-release-details/t-rowe-price-chairman-and-cio-brian-rogers-retire-march-2017

Related
https://www.yahoo.com/news/president-trump-obtained-30-mortgage-2018-worth-more-180923373--sector.html.
Where did potus get all &$$