investing for my grandchildren

United States
June 20, 2007 10:27pm CST
What would e the best way to save money for our 6 grandchildren we're raising, ages 12 to 3. We are thinking of instead of putting money in a bank to buy real estate in there name. Tell me what you think.
1 person likes this
1 response
@bcote212 (1112)
• United States
21 Jun 07
Real estate is always a good financial move! The price of real estate will continue to rise each year. You could pretty much buy a dump, and never fix anything, and by the time that your grand children are ready to go to college the land alone will have increased in value quite significantly. This all depends on how much money that you would like to spend as well. You also have the option of purchasing bonds. Though I think that this would be a better idea for the three year old. i personally do not like bonds because of the minimal pay out, but the investment is also minimal. Your best bet will be real estate, or I also recommend investing in a 529 college savings plan. The cost on higher education is amazingly high, and will continue to rise, and this is a good way to make sure that no matter what college, university or junior college that they choose. They will not have to worry about how much it will cost because they will have this plan waiting for them. Let me know if you have any other financial questions I would love to help.
• United States
21 Jun 07
Thank you for your offer, I'll keep it in mind 2 heads are always better than one. I though of the college saving but I think I could get a better return with real estate. The more I think of it the more the idea sees a sound one.