bullion vs. college fund

You really need a financial adviser or a good reference book. Remember before the last bust, real estate investors could have made the same statements that PM pundits are making here. PM are at a very high level, so an investment in them has a higher risk than10 years ago. Maybe higher than the USD return. Don't gamble your kid's education on a few remarks and your personal involvement looking backwards at an investment. If your 529 allows your personal management of content, read and learn before taking a big step.

Remember that all on here, including me and you , are anonymous, and none of us know if the other has a personal agenda that might work against your best solution. Don't believe someone who claims to be a "Bullion master" or a "stock wizard" " buys 100 ounces of silver a week" or works the "Street", unless you have personal knowledge of their credentials. They could well be a 13 year old kid with 1 ASE to their name and watches Fox news. IMO.

Jim

 

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Tough call.

I suppose the Fed's prop job in Late 2008 successfully duped many here that 'the worst is over' and 'US stocks are great investments, now & forever!' But remember that your funds effectively locked up in a mutual fund scheme will likely perform as poorly as anyone else's, NOT better. Look at most folks' 401k performance 2007-2009 then double that downside for the kind risk I anticipate for 2014-20.

If you accept greater risk, invest away your e-zero money in whatever lockups you like. Otherwise, have an exit strategy...
Just my two cents.

 

depends if you are a gambler or not.....my stepfather paid for my brother and I's college education by purchasing 10,000 dollars worth of silver in the mid 90's.....he always likes to say that he wanted to invest 100 grand but my mom wouldn't let him so its her fault he couldn't retire earlier but who knows the truth of it....i do know he bought a ton of silver then and has a ton of it still stashed around the house

 

but if that didn't work he would have looked pretty dumb

 

Howdy sirfordster,

Good for you to be thinking about them. We're doing the same with our grandsons.

To answer your question, I'd keep the 529 but change the investments or even the custodian AND I'd invest in bullion.

With the rats, I started out buying them all the basic annual coin sets - mint, both proofs, and all versions of the silver eagles and commemoratives. We also bought them both Series E and I bonds for Christmas and Birthdays. And we started a 529. Non of this stuff was to the max as you can tell with me buying the silver mint stuff but not the gold. feh. You do what you can. But you diversify.

Check to see what the investment options are with the 529s and see if you can move it to a 529 in another state. As for investment advice for free, go to
http://www.mutualfundobserver.com/ It's free and their are wise people there that hang out in the discussion groups.

As for adding bullion, you can Dollar Cost Average into whatever position you want to establish. By that I mean that on a regular basis you buy a fixed $ amount of bullion - say $xxx monthly or if more convenient, quartly or even annually. The trick is to do it regularly regardless of price fluctuations. By investing this way, you even out those same fluctuations.

Good luck,

peace,

rono