Best short term investment strategy for college?

My daughter is 13 and I want to get as much money as possible to help pay for college for her. Obviously I don't have much time, and I am not loaded with money. ( I can't make a 10 grand initial investment or anything.)
What should I do?

My parents set up a mutual fund for me when I was about 10 years old, and then they contributed about $50 a month. I don't know what the initial investment was. By the time I got to college, I had enough money in the fund to pay for one year of college (about $10,000). Luckily, I managed to get a scholastic scholarship that paid for my entire tuition as long as I kept my GPA up, so I used that money instead to live in the dorms, which was a great stepping stone to living on my own.

Pick an investment firm and talk to them about mutual funds. They can help you figure out how much to put down now and how much to invest monthly so that you can reach your goal by the time she reaches college. If you aren't able to save what's necessary to pay for college entirely, just save what you can.

Encourage your daughter to do well in school and in any extracurricular activities she's interested in. There are many different types of scholarships that she might apply for when the time comes, and it's good to start preparing now.

Student loans are also an option, but I recommend that she only go this route if she is going into a field in which it will be easier to pay off the loans after she graduates. For instance, if she wants to study Philosophy, she might want to think twice about relying on loans!

you actually have plenty of time dont rush into things. first off you dont need to invest 10k to see results and if short term is what your looking for do the research and learn first about what your wanting to invest. i think stocks are a great way to invest short term and long term and there is plenty of info on the web on learning what and how stocks work. if you want to some more info email jew_192003@yahoo.com

Check out 529 savings plans. Your state treasurer's office can help you with information on it. They have federal and state tax incentives too.

Open a brokerage account at Zecco and I will help you for FREE. (I am a Portfolio Manager)

If you have more children then you should start saving money for their education today.

Harvard is not going to get any cheaper in the future.

Invest in Mutual Fund: You should know the meaning of mutual funds, before you choose to invest in mutual funds. These funds are a type of security that can be traded on the stock market, allowing shareholders to buy and sell shares in the funds. The revenue generated by purchase of shares is used by mutual fund manager to buy more shares of specific stocks, bonds, and other market securities and money market instruments.
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