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What is a good investment (bonds mutal funds savings account...etc) that i could start, for college money.?


I just had a kid and want to start saving for her and dont really know were to look to invest or dont really know anything about this type of stuff....help!!!!

Look no further, whatever state you live in there is an investment vehicle called a 529 plan. 529's were created for your exact situation, and are the best way to put money away for your child's college. You have two options, either set up a 529 through your state (which usually takes some leg-work on your part) or hire an advisor to do it for you (in which he/she will choose the investments inside the 529 etc). There really is no other option for what you are looking to do and you'll even be able to write off your investment from your state taxes in most cases. Visit www.savingforcollege.com for more info. This is a non-biased site that will give you accurate info and help you send your little one to college in 18 years.

Fidelity, hands down.

Look into LEAPS and/or buying options - preferably buy long ITM (in-the-money) options which will provide you with a low risk, high rate of return scenario.
Options are the way to go!

I'd suggest you make regular contributions to a balanced no-load mutual fund. At the below link you will see 6 of these funds rated as quite good by Forbes. Hope this helps.

Since your child's college is a long way off, you can invest in a mix of stock and bond mutual funds. You can do this through a special account called a 529 plan, which has tax advantages.

My first recommendation is to go to www.vanguard.com and take a look at their college savings plan https://flagship.vanguard.com/VGApp/hnw/...

Vanguard is the leader in low-cost mutual funds. You can use one of their Balanced funds or Age-based funds, which are fund-of-funds. They will invest your money in other underlying funds, so that you are diversified in a wide range of stocks and bonds. You get full diversification with just one fund. There are different balanced funds depending on the amount of risk you want to take. You can start off on the more aggressive side now, since you have time to make up for losses. Then, as the child reaches the age of 14 or 15, you can switch to a more conservative mix to protect what you have already earned.

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