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Any thoughts on this fund? My broker wants me to put $20,000 into
it. I know it has been
down this year (like almost all funds it seems).
I have $45,000 that has built up over the past 18 years in bonds that
my dad got for my son's education when he was born. She suggested
two $10,000 CD's as a safe
but low earning investment and this fund for more potential returns,
$20,000 into this fund,
the other $5,000 is going to be used for incidental college expenses
since he doesn't need
the rest at this time as he got a fully paid scholarship to a local
community college with the
plan of transfering to a four year institution in the future.
With the craziness of the world economic situation right now I'm a
bit
wary of putting $20,000
into the fund at this time, am I being overcautious?
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On Sep 10, 2:08 pm, stonej <s...@m...lib.msu.edu> wrote:
> Any thoughts on this fund? My broker wants me to put $20,000 into
> it. I know it has been
> down this year (like almost all funds it seems).
>
> I have $45,000 that has built up over the past 18 years in bonds that
> my dad got for my son's education when he was born. She suggested
> two $10,000 CD's as a safe
> but low earning investment and this fund for more potential returns,
> $20,000 into this fund,
> the other $5,000 is going to be used for incidental college expenses
> since he doesn't need
> the rest at this time as he got a fully paid scholarship to a local
> community college with the
> plan of transfering to a four year institution in the future.
>
> With the craziness of the world economic situation right now I'm a
> bit
> wary of putting $20,000
> into the fund at this time, am I being overcautious?
>
What's the load on this fund?
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to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
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On Sep 10, 4:08 pm, stonej <s...@m...lib.msu.edu> wrote:
> I have $45,000 that has built up over the past 18 years in bonds that
> my dad got for my son's education when he was born.
How old is your son? When will you want to spend the money?
Dave
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to keep the conversations on-topic for financial planning. Other posting
guidelines include a request for brevity and another for trimming posts to
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On Sep 10, 3:09 pm, Dave Dodson <d...@j...com> wrote:
> On Sep 10, 4:08 pm, stonej <s...@m...lib.msu.edu> wrote:
>
> > I have $45,000 that has built up over the past 18 years in bonds that
> > my dad got for my son's education when he was born.
>
> How old is your son? When will you want to spend the money?
>
I would say he is 18, just guessing. OP probably has two more years
(two years of scholarship) before he has to draw down.
> Dave
>
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stonej wrote:
> Any thoughts on this fund? My broker wants me to put $20,000 into
> it. I know it has been down this year (like almost all funds it seems).
>
> I have $45,000 that has built up over the past 18 years in bonds that
> my dad got for my son's education when he was born. She suggested
> two $10,000 CD's and this fund for more potential returns...
Is your broker a tax adviser as well? You said "bonds" and I have a
sneaking suspicion that means "savings bonds." If so, you have a bunch
of tax questions to address first, and cashing out might be the last
thing you'd want to do - especially for $ that went into CDs - that
would make no sense at all. What kind of bonds are they?
-Tad
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