<prompt> Human: so my daughters mother died this past year. I recently applied for social security benefits for her. I got back paid and will receive 550 a month until she is 18 years old. Their pamphlets suggests i invest it in I bonds but i feel like that will barely yield anything. What do you think about just throwing this 550 into sp 500 or the like every month?  <response>: You could definitely put it in stocks. You might want to check out one of Vanguards Life Strategy funds: You might want to try the Growth or Moderate Growth fund. That way you get some bonds and some stocks.The minimum investment is 3k though. You might want to put it just in an index fund until you have the 3k and then transfer it to a Life Strategy fund. 