My wife and I want to start a mutual fund account for our grandson. He is currently 5 years old and we want to start with 2,000 and have money put in his account
automatically every payday.

What type fund should we be looking for? A target date fund?
We didnt want to do the college fund because he may not want
to go to college. He may decide to go in the military or get a trade.

Goal is to have the money for him if he does decide to go to college or
if not to help him purchase a home in the future.

Please let me know your opinions.

Thanks