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2 years ago via investment-faq.com

Do you think it is a good idea to invest in a growing account for your child's college at birth?

My daughter is eight teen months old. For a couple of months now I have been thinking about opening some kind of back account, to start putting a little bit of moeny in each week. I would like to do this so that when she is eight teen, and wants to get in to a good college, I have enough money to ensure she can go to the best one for what she wants. Do you think it is a good idea to start so early?
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iltia21 | 2 years ago
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I don't think it's a good idea to open up any kind of account for your kids. Savings is always a good idea however. You may find it more appealing to invest that same money you would deposit into an account, and instead buy gold with it. The gold will appreciate in value much more than you will gain from interest rates. Also with the value of the dollar the way it is, gold is what everyone wants, for security. It will be more secure in the long run for you to invest your money this way.

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Owls | 1 year, 9 months ago
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Yes excellent idea. A thousand dollars at 30% from birth will turn into a million on her 30th birthday. Stocks like MacDonald’s and Apple have done this. Time is money. The longer that you have it working the less risk that you will have to take for the same return. Put some away, in a trust if necessary. Super great, excellent.
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/www.moneychimp.com/calculator/compound_interest_calculator.htm
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Owls | 1 year, 8 months ago Report

Birth is not soon enough to start investing.

http://www.youtube.com/watch?v=qaNG8U-cMQ8

What would happen if you invested a thousand dollars at birth. Reinvested all yields, and averaged 30% a year for 27 years?

Try: http://www.zenwealth.com/BusinessFinanceOnline/TVM/TVMCalculator.html

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