How NOT To Save For College

Facebook at Mozcon - Alex

This is not your college fund.

Please do not be Jim Supple and invest all $25,000 of your daughter’s college fund in Facebook. In fact, please do not invest $25,000 of your child’s college fund in ANY one stock, unless, of course, $25,000 is a drop in the bucket compared to how much money you actually have, and stroking a check for your child’s entire college education doesn’t cause you to so much as bat an eyelash.

If that’s the case, then write Mr. Zuckerberg a check. I’m pretty sure that he won’t have any trouble funding his kids’ college education in a couple of decades.

About Jason Hull, CFP®

Jason Hull, CFP®, is the Chief Technology officer of myFinancialAnswers, an online comprehensive financial planning service.

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