Suggest 529 educational or collage contribution plan Or coverdell plan, which invests 100% in Equity or Value Mutual fund
Many 529 and Coverdell plans offer a 100% Equity option. Depending on your state, you might want to look at what they have to offer internal to your state, as there might be some tax savings by using your own state. If you dont care about the tax savings, or if you are just looking for the high returns, then http://www.savingforcollege.com/... can steer you toward all kinds of plans with 100% equity options. I personally am investing in a 529, the Michigan Educational Savings Plan, in a 100% Equity fund. It's three year return is 14.61%. I am also receiving the tax benefits as I am a resident of Michigan. If interested, their website is http://www.misaves.com/
Source(s):
http://www.misaves.com/
http://www.savingforcollege.com/...
|
