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I am looking at fidelity 529 plans just because we have our 401 K account and will be having our brokerage account with them soon. So we could have a 1 stop shop place where most investments can be managed.

so here are a few questions. now that i know i can choose any plan natioanlly how do i narrow my choices of fund portfolios. there are vast majority of them and reading the fund prospectus for all of them wont be practical.

1) how do i value mutual funds ? should i look at the top ten holdings and see if they are undervalued based on multiples (P/e, P/B etc)?
2) what is the max expense ratio i should pay ? is it 1% ? lower the expense ratio, the better
3) should i look at the funds historic perfomance ?


any other things to look for ??

thanks a bunch

Kris
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