American Funds Capital World G/I A

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date American Funds Capital World G/I A stonej 09-10-2008  Re: American Funds Capital World G/I A PeterL 09-10-2008  Re: American Funds Capital World G/I A Dave Dodson 09-10-2008  Re: American Funds Capital World G/I A PeterL 09-11-2008  Re: American Funds Capital World G/I A TB 09-11-2008
Posted by stonej on September 10, 2008, 5:08 pm Any thoughts on this fund? My broker wants me to put $20,000 into it. I know it has been down this year (like almost all funds it seems). I have $45,000 that has built up over the past 18 years in bonds that my dad got for my son's education when he was born. She suggested two $10,000 CD's as a safe but low earning investment and this fund for more potential returns, $20,000 into this fund, the other $5,000 is going to be used for incidental college expenses since he doesn't need the rest at this time as he got a fully paid scholarship to a local community college with the plan of transfering to a four year institution in the future. With the craziness of the world economic situation right now I'm a bit wary of putting $20,000 into the fund at this time, am I being overcautious? -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by PeterL on September 10, 2008, 5:45 pm > Any thoughts on this fund?   My broker wants me to put $20,000 into > it.    I know it has been > down this year (like almost all funds it seems). > > I have $45,000 that has built up over the past 18 years in bonds that > my dad got for my son's education when he was born.    She suggested > two $10,000 CD's as a safe > but low earning investment and this fund for more potential returns, > $20,000 into this fund, > the other $5,000 is going to be used for incidental college expenses > since he doesn't need > the rest at this time as he got a fully paid scholarship to a local > community college with the > plan of transfering to a four year institution in the future. > > With the craziness of the world economic situation right now I'm a > bit > wary of putting $20,000 > into the fund at this time,  am I being overcautious? > What's the load on this fund? -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by Dave Dodson on September 10, 2008, 6:09 pm > I have $45,000 that has built up over the past 18 years in bonds that > my dad got for my son's education when he was born.     How old is your son? When will you want to spend the money? Dave -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by PeterL on September 11, 2008, 11:51 am > > > I have $45,000 that has built up over the past 18 years in bonds that > > my dad got for my son's education when he was born.     > > How old is your son? When will you want to spend the money? > I would say he is 18, just guessing. OP probably has two more years (two years of scholarship) before he has to draw down. > Dave > -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. Posted by TB on September 11, 2008, 10:13 pm stonej wrote: > Any thoughts on this fund? My broker wants me to put $20,000 into > it. I know it has been down this year (like almost all funds it seems). > > I have $45,000 that has built up over the past 18 years in bonds that > my dad got for my son's education when he was born. She suggested > two $10,000 CD's and this fund for more potential returns... Is your broker a tax adviser as well? You said "bonds" and I have a sneaking suspicion that means "savings bonds." If so, you have a bunch of tax questions to address first, and cashing out might be the last thing you'd want to do - especially for $ that went into CDs - that would make no sense at all. What kind of bonds are they? -Tad -------------------------------------- Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. 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