Too many unanswered questions to be summarily handing out advice.
How old is the kid?
How long is the goal?
Will you be adding to the investment?
Do you intend to trade?
Some of more attractive companies are trading at prices that make divvying up $3,000 a bit unwieldy. If you intend to trade, why would you not consider investing through a UTMA to remove the capital gains exposure from your tax return?
Personally? I like NVDA, BABA, V, FIS, MELI, AMZN, UBER, SHOP, ETSY and FISV on the individual side. MRNA was a fabulous buy at 35.00. It’s probably still good at 69.00. Pfizer’s in that mix.
We’re concurrently in a bull and bear market with the S&P pushing resistance on its 200-day moving average. We’re likely going to see a struggle ensue absent a Covid breakthrough. Too many bad picks in the S&P itself. It’s like fishing with a big net — too big for this market. You need to be able to isolate companies that are positioned to benefit from Covid not just now but for the foreseeable future, and avoid those that have already benefitted as much as they’re going to.
FWIW, the top of the top hedges are buying COUP, UBER, APPL, MSCI, AYX. They’re adding to MSFT and BABA.
With the amount of money you want to invest, it may make sense to consider an ETF or two, preferably sector funds. There are some good ones out there. After all, how many shares of AMZN, SHOP or GOOGL can you pick up with 3k? Not many. I’d address the above questions before moving forward. You’re a CPA so the tax issue should be simple.
