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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: russn who wrote (80229)	4/28/2000 12:49:00 AM
From: Spekulatius	Read Replies (1) \| Respond to of 132070

Your kids won't go to college then. I hope I am wrong.

To: russn who wrote (80229)	4/28/2000 1:20:00 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 132070

russn, Teach the kid to play basketball well enough to get a scholarship. <g> Seriously, I know nothing about the company, so I can't comment other than in generalities. My first generality is that no one stock is a good choice for a college fund. I would say you need 5 to 12 to have some sort of comeback power. If the one co. goes belly up, perhaps one of the others will be a 1000%er. I still find it funny that parents pay for their kids to attend college. Let them get the GI Bill, or loans or a scholarship. Most are legally adults by the time college rolls around. Of course, if I had any kids, they would hear the term "trade school" often. <g>

To: russn who wrote (80229)	4/29/2000 10:36:00 AM
From: SBHX	Respond to of 132070

russn, I'm much less aggressive with my kids college funds. They're spread out (initially) roughly 25% BCE (blue chip low P/E) 25% bank stock, 20% aggressive tech 'almost-active trading', 20% 'value-dividend' mutual funds. 10% cash. This percentage has gone out of whack lately, but I still stick to the same allocation each Jan1st when I can contribute to the plan. In Canada, there is a formal plan for your kid's tuition $4000 max for each child, 5 children makes $20K/Year. The Govt also kicks in $400 each child if you contribute at least $2000/child. Any gains in the fund is tax free. Redemption can only be done for tuition, other redemption is taxable as income to parent with higher income. I would not put everything in one basket if I really wanted my kids to get a good education, anymore than I'd buy lottery tickets for them. Since the amount in that plan is in a separate account and is small, I can't spend as much time looking at it as my own portfolio, so plan for some holdings that you don't have to pay attention to all the time. The volatile ones (one's with huge spikes going down) are not good candidates, neither are -ve earnings. Good luck.