How NOT To Save For College

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.

Published by

Jason Hull, CFP®, was the co-founder of Broadtree Partners, a firm that acquires $1-5MM EBITDA companies. He also was the co-founder of open source search consultancy OpenSource Connections, a premier Solr and ElasticSearch firm. He and his wife FIREd (financial independence retire early) at 46 and 45, respectively. He has a BS from the United States Military Academy at West Point and a MBA from the University of Virginia Darden Graduate School of Business. You can read more about him in the About Page. If you live in Johnson County, Texas or the surrounding areas, he and his wife are cash buyers of Johnson County, Texas houses.

Leave a Reply