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.
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