CNN/Money Advice Article on 529 Plans

[MiddKid86]

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You can’t time the market. Almost every study I have ever seen shows that when people try to time the market, getting in or getting out, they get it wrong most of the time. IMHO, better to buy and hold. If the market drops, ride it down and then ride it back up again. Don’t panic.

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<p>I agree that you can’t time the market, and for long-range goals buying and holding, in my opinion, is definitely the right strategy. My oldest child will be starting college in less than 8 months, however, and we won’t have time to ride the market back up if there’s a downturn of any significant size.</p>

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This year, the small allocations in equities has made up for the bond fund losses, but that won’t continue. We have enough to cover her tuition, so I’m really more interested in protecting it from any losses than in seeing any more growth.

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<p>Exactly.</p>