Home Forums Members Forum 529 Account Investment Elections Advice Reply To: 529 Account Investment Elections Advice

Sean HymanSean Hyman
Keymaster
Post count: 7046

Most every broker is going to advise you to remain fully invested or close to it.

Brokers have two goals: bring assets in and retain those assets.

Going to cash, makes it easier for people to take money out, transfer out, etc. So they discourage that. Also, a ton of brokers have no idea when the market, fund or stock gets super risky. But in the end, that decision has to be yours.

A money market fund is ideal. It’s like a souped up savings account. It just earns slightly more interest on your cash while you await the stock sell-off.