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How to setup a trust fund? |
I plan to go to college in about 3 years, and i want to be able to have $150000 by that time, can someone please suggest how i can get that amount by investments or trust funds with the $50000 i have right now. Thank you very much. A trust fund won't help you in this instance. A trust fund is a legal device set up by someone for the benefit of someone else. In this case, it's your money for the benefit of you. Also, a trust fund is just a legal way of holding assets; they still have to be invested, which is your real question. You have several options -- you can read, read, read and learn about stocks and real estate, which would be the best investments for your goal, or you can find a trusted financial advisor to do it for you (but watch like a hawk). Your goal is pretty aggressive and remember, the more aggressive your investing, the riskier the investments (meaning, you could also lose big -- like year 2000 stock market crash and the tanking of real estate in many markets right now). |
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