The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/do-not-rx-that-you-use-a-mutual-fund-the-pitiful-11507378.aspx

Subject:  Re: Fund for Education IRA?? Date:  11/11/1999  1:55 PM
Author:  mee2 Number:  20953 of 121061

Do not rx that you use a mutual fund. The pitiful $500.00 you can invest would wilt in most funds unless it is a special education fund like Mass. or NY. Suggest a good growth stock. Your long term result will be much better. That is what we did for our grandchild. Then look at a custodial account as that $500.00, even over 17 years, won't go far for college. Good Luck.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us