If he can save or has the $1000 for a Vanguard target retirement fund, that is the best option. Very low expenses, all index funds, and automatic balancing.
A long time ago when I first opened a Vanguard account, I transferred $1000 into a target retirement account. At that time I think I used 2010 and sometime a few years later moved it to 2020. I have maintained that account with the original $1000 and used it as a benchmark to measure to how well I do with my other accounts. Because the target retirement accounts are made up of total bond and total stock market index funds with automatic asset allocation balancing, I have found it very challenging to beat the benchmark. If I had to chose only a single fund for all investments, a target retirement fund would be my choice.
Have him get the $1000, keep adding the $200 a month, pick a target year that is about 5 years past his anticipated retirement date and he will do very well.
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