Going to invest with Vanguard........

Question

What are my best options for long-term investments? I have 20K. Want to set a side a bit for kid's education, etc. Thanks.

Answer 1

Vanguard has many college savings plans - 529's.  I might look at a combination of total market index & total international index.  Go to their site, and see what you can find out.  Or give them a call, and I'm sure they would have some suggestions.

https://personal.vanguard.com/us/account...

Answer 2

when just starting, try to pick a index fund which is a mutual fund that follows the general trend of the market. Stay away from cheap stocks that are called penny stocks, They're junk.

always look at the fees they charge and compare funds.

Answer 3

You may wish to consider the Vanguard 500 Index which stracks the Standard and Poor's (S&P's) 500 market index. But yiu should really talk to an expert first, or at least do some research first before you invest anywhere.

For example, long term is going to mean different things if your target date is 5 years, 10 years, or 20 years in the future. If your kid if going to school in 15 years, you may be able to take on a little more rish than if he were leaving in 5 years.

Because you have a specific goal for your money, I recommend talking to a fee only financial planner about your hopes for this money for your son's schooling. They will be in a better position to help you figure out where you should put the money, given what you want to do with it.

Good luck!