i am currently saving for college for my 2 sons 1 son is 5 and another is 1 years old respectively. i currently put my money in a nj best college saving program which basically invest in stocks i have also been thinking of opening up a government bond account mainly savings nond whic is a better way to save for education
2006-10-02 09:59:05 · 5 answers · asked by OFFICER CAMPBELL 2 in Business & Finance ➔ Investing
You can also investigate other state's plans. We are in the Iowa 529 plan for our 4 year old.
2006-10-02 10:09:17 · answer #1 · answered by ADF 5 · 0⤊ 0⤋
invest in a mutual fund, I think that is best. In my opinion it solves the problem for non-wealthy people to take advantage of high interest earning stocks without having to shell out 10-30k at one time.
2006-10-02 10:03:10 · answer #2 · answered by woniwilly 2 · 0⤊ 1⤋
Kudos to you for thinking ahead! YOu could also look into talking to an investment counselor, they know lots more about what's out there.
2006-10-02 10:00:49 · answer #3 · answered by Jenyfer C 5 · 0⤊ 0⤋
ING the online bank has good rates on savings account - i think about 4.25. %, also some banks have CDs as high as 5% interest
2006-10-02 10:02:46 · answer #4 · answered by island3girl 6 · 0⤊ 1⤋
a bike
2006-10-02 11:52:01 · answer #5 · answered by brooklynkingz 1 · 0⤊ 1⤋