S&P 500 · Donald Trump · Elizabeth Warren · U.S. Treasury · Wall Street · Fortune Technology
Here’s where the money will be poured in the stock market—in line with Warren
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The Fourth of July marks the official launch of Trump Accounts, allowing parents to set up the new type of custodial individual retirement account for kids.
Key facts
- As for the Trump Accounts, other funds will eventually become available, including the iShares Core S&P 500 ETF (IVV), Vanguard Total Stock Market ETF (VTI), State Street SPDR Portfolio S&P 1500
- In 2007, he famously made a $1 million bet that the index would outperform a collection of hedge funds over the course of 10 years—and won
- Meanwhile, the Treasury Department also said that money contributed to Trump Accounts at launch will be put in the State Street SPDR Portfolio S&P 500 ETF (SPYM) as an “initial default investment
- So far in 2026, the S&P 500 is already up about 10%, and some Wall Street bulls see the index notching a 20% gain for the full year
Summary
Any child with a Social Security number who’s under 18 by the end of the year when the account is created is eligible. For those who don’t qualify for the $1,000, other contributions can come from a range of sources. Companies, nonprofits, the wealthy as well as state and local governments can chip in as well. The Treasury Department announced Thursday that Trump Accounts can accept donations of public stock, saying it will help philanthropists contribute.