What are the best stocks to buy to pay for college?
May 28th, 2009
Can someone tell me what the best stocks to buy are if I want to save for college? I want to put some money in stocks now since a lot of stocks have very low prices right now. I want to invest so that I will have enough money to pay for college and some more (hopefully). I have a couple years before college so I have no problem with a long term investment and taking on some risks. I don’t mind short term investments either, just as long as they are good. Is it better to invest in short term investments? or is it better t invest in long term investments? I have read some suggestions in magazines and all that but I have not found a list of what investments (stocks or mutual funds) are good for investing for college. Can someone help? Thanks.
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Long term investments are really for longer time frame than just a few years. If you only have a few years, then you don’t have enough time to invest in stocks to pay for college. Stocks are risky and it can take years and years to grow. In this market, prices are low but you never know when they are going to go up, really. You can guess but if you guess wrong then ….. The risks at this point are too high, in my opinion. If there is a market swing, and there are plenty of them these days, you will be wiped out and will not have enough time to regain your position.
You need more of short term investments that are less risky than stocks. But they will not yield too much so I don’t know if you will have enough for college, but they are definitely safer.